Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers.  Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a  free trial here . All investments have many risks and can lose principal in the short and l

Elazar Advisors, LLC March Performance Review: +3.1% Versus QQQ -9.1%

Despite market conditions (both bear and bull markets) we've managed to keep inching up the performance.

We were up 3.1% in March versus the NASDAQ QQQ down 9.1%. Year-to-date we're up 6.6% versus the QQQ down 13.2%.

We managed to get short ETFs and exit most of our longs in late February / early March on the first break of the market at SPY 331 which we pointed out publicly. At one point we were left with only one position of 1% long in the down move. We were also able to catch a couple of market bounces this month.
In my career I found that if we think it's going to be a sharp break it's better to clear out of the longs because they can go down more than the shorts. Someone who holds on to the longs in that first break, even if their net exposure is correct, can sometimes get disappointed not to get paid on the right call as the longs go down more than the shorts. That's why I prefer to clear out.

When I saw such a sharp first break of that SPY level 331 it gave me confidence that this move could last for a while and sharp. Oh my.

On the long side we had nice wins in Slack (WORK), Zoom (ZM), Take-Two (TTWO), and Netflix (NFLX) even with the market getting clobbered.

We exited and avoided many of the longs we had that got hit. When assessing that our earnings were likely not going to match up with our previous estimates there was no longer reason to keep them as Strong Buy Ratings.

Part of our process that needs simple criteria to be a Strong Buy Rating allows us a somewhat mechanical less-emotional flexibility to let the market and fundamentals dictate our positioning.

When those criteria are there, great, let's go. But when they change to no longer be there, watch out and get out.

Removing emotion and sticking to a cookie cutter process allows us not to get carried away with the media or natural emotional portfolio pressures and hopefully make better decisions.

Wishing everybody a lot of success in April and the years to come.

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All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. All trades are hypothetical to show rating and opinion. All trades exclude relevant transaction costs. We have no holdings in the stocks mentioned unless otherwise noted.

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