RESULTS - Please see table and graphs below:

Looking at the below table and graphs, which present its results, one can get a visual picture of how a bought and held portfolio of SPY did over the period and when and how much better one might have done using SPYmaster's signals to trade SPY just going long (on buy signals and back to cash on sell signals) or in the bottom graph trading both long and short. While not without some disappointing periods, the models have added significant zest and more stability to the S&P's rather meagre 4% bought and held return, particularly in bear markets. Average annual returns are considerably higher than the compound rates shown.
Complete trade-by-trade results for 2009 are shown at the bottom of the page.

These are the results which are graphed below:

2009 Detailed SPYmaster results*
			Trade	-----SPY Price-----
Trade #	Date buy	Date sell	Type	Buy	Sell	Gain/loss	Index

36	12/31/2009	12/21/2009	Short	111.44	111.33	-0.10%	182.7
35	12/16/2009	12/21/2009	Long	111.52	111.33	-0.17%	182.9
34	12/16/2009	12/4/2009	Short	111.52	111.03	-0.44%	183.2
33	11/23/2009	12/4/2009	Long	110.82	111.03	0.19%	184.0
32	11/23/2009	11/9/2009	Short	110.82	109.57	-1.10%	183.7
31	10/22/2009	11/9/2009	Long	109.34	109.57	0.20%	185.8
30	10/22/2009	10/12/2009	Short	109.34	107.71	-1.50%	185.4
29	9/24/2009	10/12/2009	Long	105.01	107.71	2.60%	188.2
28	9/24/2009	9/14/2009	Short	105.01	105.34	0.30%	183.5
27	9/3/2009	9/14/2009	Long	100.68	105.34	4.60%	182.9
26	9/3/2009	8/27/2009	Short	100.68	103.40	2.70%	174.8
25	8/14/2009	8/27/2009	Long	100.79	103.40	2.60%	170.2
24	8/14/2009	8/3/2009	Short	100.79	100.44	-0.30%	165.9
23	7/30/2009	8/3/2009	Long	98.67	100.44	1.80%	166.5
22	7/30/2009	7/17/2009	Short	98.67	94.13	-4.60%	163.6
21	7/10/2009	7/17/2009	Long	87.96	94.13	7.00%	171.5
20	7/10/2009	6/29/2009	Short	87.96	92.70	5.40%	160.2
19	6/11/2009	6/29/2009	Long	94.82	92.70	-2.20%	152.0
18	6/11/2009	5/28/2009	Short	94.82	90.92	-4.10%	155.5
17	5/14/2009	5/28/2009	Long	89.44	90.92	1.70%	162.2
16	5/14/2009	5/4/2009	Short	89.44	90.88	1.60%	159.6
15	4/22/2009	5/4/2009	Long	84.54	90.88	7.50%	157.0
14	4/22/2009	4/21/2009	Short	84.54	85.06	0.60%	146.1
13	4/20/2009	4/21/2009	Long	83.43	85.06	2.00%	145.2
12	4/20/2009	4/9/2009	Short	83.43	85.81	2.90%	142.4
11	3/30/2009	4/9/2009	Long	78.79	85.81	8.90%	138.4
10	3/30/2009	3/12/2009	Short	78.79	75.50	-4.20%	127.1
9	3/9/2009	3/12/2009	Long	68.11	75.50	10.90%	132.7
8	3/9/2009	3/5/2009	Short	68.11	68.80	1.00%	119.7
7	2/19/2009	3/5/2009	Long	78.18	68.80	-12.00%	118.5
6	2/19/2009	2/12/2009	Short	78.18	83.66	7.00%	134.6
5	2/10/2009	2/12/2009	Long	83.11	83.66	0.70%	125.8
4	2/10/2009	1/28/2009	Short	83.11	87.39	5.10%	125.0
3	1/14/2009	1/28/2009	Long	84.37	87.39	3.60%	118.9
2	1/14/2009	1/6/2009	Short	84.37	93.47	10.80%	114.8
1	12/31/2008	1/6/2009	Long	90.24	93.47	3.60%	103.6
Start	12/31/2008			90.24			100.0

* Include neither dividend income nor commission expense

and Before the New$ are servicemarks of Warner Financial Select, LLC. (WFS)
WFS is not a registered investment adviser and provides no services tailored to specific individual circumstances.