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Marketocracy Honors Barchart Van Meerten New High Portfolio again

Marketocracy Honors -- Marketocracy evaluates over 100,000 model portfolios. They evaluated the top 50 mutual funds for the 5 year period ended 6/31/2010 and determined that the Barchart - Jim Van Meerten New High portfolio (VMNHI) actually beat 44 of the top 50 mutual funds for that period. The portfolio would have been ranked #7 just ahead of the ING Global Natural Resources A (MUTF:LEXMX) a fund ranked as a 4 star 5 year fund by Morningstar.

The portfolio has very simple goals: Capital appreciation and conservation of principal while having a positive rate of return and at the same time beat the S&P 500 benchmark for all periods.

Here is the link to the Marketocracy public page for the Barchart Van Meerten New High Portfolio

I manage the portfolio by using Barchart to find stocks hitting new highs and culling those that fail to continue to trade above their 20, 50 and 100 Daily Moving Averages.

Sounds simple but the performance over that last 5 years proves it works.

You can follow each and every trade in this and my other portfolios here on Seeking Alpha and on Barchart Portfolio Blogs.

Disclosure: No positions at the time of publication