The S&P futures are currently overbought and the short term pattern is bearish if the S&P futures gap open above Fridays high 896. This pattern has predicted a market decline in every instance out of 26 occurrences.

A performance report quantifies how a trading system has performed over a given period of time. It’s a way to evaluate the risk, reward and expectancy of a trading method. Listed are some of the most common terms in a performance report, with a brief explanation of how I like to use the measurement.

On Friday it was reported that unemployment hit 6.1 % the highest level in five years as employers cut 84K payrolls. The SPY, DIA and QQQQ’s all opened lower and proceeded to lose even more ground as selling accelerated. Oil declined as well, which was not a positive, as it dragged down oil related stocks like XOM, CVX and BP down with it.

Paul Moore is a new tech investing expert with The Smart Profits Report. He says the best way to beat the bear is to follow the money. In a bear market cash is king. It allows companies a number of options that support their share price…