Spirit-Led Money Manager: Market Shows Signs of Accumulation

The Issachar Fund (LIONX, BRI, ESG) is 30% invested in 26 leading growth stocks on Sunday, Oct. 4, 2020.

I attempt to judge the market’s health by the price and volume action of the current leading stocks, and I am encouraged with what I am seeing. Leading stocks appear to be acting well, and many continue to exhibit signs of accumulation by large institutions as their prices rise on above-average volume. The indexes held lines of support even after President Trump was diagnosed with COVID-19 on Friday. I am pleased to see leading stocks advance in the face of this potentially bad news. By the grace of God, I expect the president to recover in record time miraculously. If he does, I expect the market could resume its uptrend, and I possibly plan to get more invested in leading stocks. If I am wrong, I will try to do what is necessary to manage risk, seeking to avoid life-changing losses.

Now for some third-quarter performance numbers. (There is no guarantee that any investment will achieve its objectives, generate positive returns or avoid losses.)

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 866-787-8355. Total annual fund operating expenses are 3.38%.

Bottom Line: For the week ending Oct. 4, 2020, risk appeared to be declining as many leading stocks seemed to be under accumulation with prices rising on above-average volume. If leading stocks showed signs of distribution as in February, I would be more concerned and expect the market to decline further. However, I believe the Fed is still on our side, and it will keep rates low and liquidity high for the foreseeable future. I pray and expect President Trump to fully recover and come out swinging to make America great again. Thanks for your time and may God bless you and America!

“Have not I commanded you? Be strong and courageous. Do not be afraid or dismayed, for the Lord your God is with you wherever you go” (Josh. 1:9).

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LIONX is a tactical, alternative, long/short mutual fund that is actively managed like a hedge fund.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Issachar Fund. This and other important information about the Fund are contained in the prospectus, which can be obtained by calling 1-866-787-8355 or visiting LIONX.net. The prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC. Horizon Capital Management Inc., (HCM) is not affiliated with Northern Lights Distributors, LLC. Important Risk Information: Mutual Funds involve risks, including the possible loss of principal. An investment in the Fund may not be appropriate for all investors. The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions. The Adviser’s judgment about the attractiveness, value and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results. Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision. For more information regarding the fund, including current performance, please visitissacharfund.com. For more information on LIONX, please visit LIONX.net. NLD Review Code 8021-NLD-10/04/2020