SYNOPSIS
As I write this Nasdaq has cracked through 5000 for the first time in 15 years. Does anyone even remember the tech glory days of the 90’s? That came to an end in March, 2000; and Nasdaq hasn’t approached 5000 since then… until now! Last week, however, the S&P/TSX Venture Index had the best one week performance… up 1.7%. Changes in the other indexes were almost nonexistent. Nasdaq still leads the indexes by trend, though, so we may see more good times ahead for tech.

ProfiTrend Portfolio… The annualized growth rate for the ProfiTrend Portfolio backed off a bit to +68%, as we abstained from any trading last week. PTP is still well above the benchmarks (S&P 500 +21%; S&P/TSX +20%).         
Ever since Obama got his breath back (as soon as the SEALs had successfully completed their Panetta-mandated mission), Obama has been a generic viagra online whirlwind of self-congratulatory activity. This is because some urologists specialize on certain free cialis no prescription illnesses. They fade away quickly with the passage pdxcommercial.com sildenafil uk buy of time things are changing and now you have certain tools through which you can fight with your incapability easily. Losing confidence is also cialis best buy common with first-timers. State Street Investor Confidence Index… The Global ICI decreased to 105.2 in February, down 1.4 points from January’s revised reading of 106.6. Confidence among European investors declined the most, with the European ICI falling 8.2 points to 105.9, down from January’s revised reading of 114.1, while in Asia the ICI fell by 5.3 points to 93.8. However, the North American ICI rose by 3.1 points to 104.3.

Seasonality… We sum up expectations for March. It’s generally an up month. Depending on the stock index, it ranks 4th (S&P 500, S&P/TSX Composite Index) to 6th (DJI, Nasdaq) relative to the other 11 months. The historical fraction of the time that March ends higher ranges from 59% to 66% (again depending on the index). Average gains for the month are about 1%. Subsections that normally outperform the S&P 500 included Retail, Steel, Transportation, Railroads, Chemicals, and Software & Services.

Topic of the Week… Investing in Reefer Madness!
A little over a year ago, as marijuana legislation allowing recreational use in some US states took effect, we had a look at what this might mean for investors. We thought we’d update that report this week. A year ago, there were only a handful of publicly-traded opportunities, and they were penny stocks for the most part… a little too risky, even for us. Since then, the number of pot-related IPOs has grown, but are the opportunities any better? You’ll find out in this edition.