HEDGEfolios year-to-date stock performance for 2009 (through 06/30/09 close) was up 57.12%.

Over the same time period, the S&P 500 index was up 1.81%.

At the end of June, the HEDGEfolios universe consisted of 3,182 stocks.

Commentary: During June, HEDGEfolios moved from 77% UP signals to 54% and I have gotten back towards the center to be equally prepared for a decline or a retest of resistance.  As I mentioned last month, the rally has persisted far longer than I expected and manages to defend itself each time a pullback begins.  However, the S&P was mostly flat for June (-0.4%) while HEDGEfolios eked out a 1.3% advance.  If you are a bull, the market has just been “pausing and refreshing” or “consolidating” and if you are a bear, the market is “running out of gas” or “beginning to rollover”.  We all see what we want to see.   It’s just that some of us want to see the truth.

Here is a chart showing the performance of HEDGEfolios vs. the S&P 500:

Prior Years’ Performance:

• 2008, HEDGEfolios performance was +30.51% vs. -38.47% for the S&P 500 index
• 2007, HEDGEfolios performance was +21.78% vs. + 3.55% for the S&P 500 index
• 2006, HEDGEfolios performance was +25.54% vs. +13.62% for the S&P 500 index
• 2005, HEDGEfolios performance was +19.99% vs. + 3.00% for the S&P 500 index
• 2004, HEDGEfolios performance was +31.19% vs. + 9.00% for the S&P 500 index

Disclaimer: Nothing in my performance quoting is intended as an advertisement or in any other way meant to encourage anyone to subscribe to HEDGEfolios. These performance figures have not been audited or verified by an outside party and are NOT in compliance with the CFA’s AIMR Performance Presentation Standards. They don’t net out any transaction costs such as commissions or management fees and are not a total return calculation as I do not include dividend yields or any compounding factor. These performance figures cover a hypothetical portfolio of the entire HEDGEfolios stock universe with an equal weighting of each security. The calculation is simply the cumulative total of all gains and losses from the signals during the period in question.