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TradeProphet
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An active trader for the past ten years,interested in long and short positions. Software Programmer,Mathematician and activer trader. I have created TradeProphet system to allow the trading community,position themselves with the upper hand against the enormous market information.
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TradeProphet
  • TradeProphet Weekly Report 5/10/2014 0 comments
    May 10, 2014 6:47 PM | about stocks: SPY, DIA, QQQ, SH, VXX, ANIK, EDU, KORS, PEGA, BAH, NATR, TNH, WNR

    For the week ,the S&P500 index opened at 1,879.45 and closed at 1,878.48 making ,again, almost no movement .

    Looking at the support resistance picture (below)

    (click to enlarge)
    S&P500 index support resistance picture

    as you can see, once the 1870 level was broken , the S&P500 held its ground above it , which is a good sign the sellers are willing to buy at a higher price.

    As far as the triggers from TradeProphet system for the market, this is how it looks:
    (click here for help on the info below)

    Ticker

    Position

    Profit/Loss Ratio

    Max. Draw Down

    Sharpe

    Std. Deviation

    Alpha

    Beta

    Order Date

    S&P500

    Long

    5.65

    5.33%

    12.40

    0.08

    18.79%

    0.75

    09/05/2014

    Dow 30

    Long

    6.04

    3.73%

    12.12

    0.07

    15.96%

    1.67

    09/05/2014

    Nasdaq 100

    Long

    5.19

    16.80%

    16.18

    0.07

    24.91%

    8.01

    09/05/2014

    SH

    Close Long

    6.34

    0.69%

    12.82

    0.05

    12.04%

    -1.67

    11/04/2014

    VXX

    Close Long

    7.41

    7.31%

    17.53

    0.16

    55.44%

    -5.27

    09/05/2014

    TradeProphet Triggers

    All three major indices have a long trigger issued yesterday ,in addition,SH (Short S&P500) has a close long trigger, only boosting the long statement for the market.
    the VIX has a close long trigger also to complete the picture. "The cards have spoken!" the market is headed up. No time to short it.

    Lets now look at the Growth portfolio, growth stock were out of favor lately, TradeProphet system issued the triggers below for the growth portfolio :
    (click here for help on the info below)

    Ticker

    Position

    Profit/Loss Ratio

    Max. Draw Down

    Sharpe

    Std. Deviation

    Alpha

    Beta

    Order Date

    ANIK

    Long

    5.82

    10.77%

    14.30

    0.24

    67.07%

    -8.64

    09/05/2014

    EDU

    Long

    6.97

    8.92%

    21.30

    0.08

    32.89%

    1.12

    09/05/2014

    KORS

    Long

    22.73

    0.00%

    77.75

    0.02

    20.37%

    28.54

    09/05/2014

    PEGA

    Long

    10.76

    6.63%

    14.80

    0.18

    50.80%

    1.28

    09/05/2014

    TradeProphet Triggers

    The only suggestions for the growth model portfolio are EDU and PEGA, The rest of the suggestions are risky. The market is not very hungry for risk at these levels so I would leave the risky stocks aside.
    I would not go with KORS,ANIK since the beta is extremely high, but PEGA and EDU seems like a nice choice for a long opening position.

    Any good triggers in the Value portfolio? Let's look at the issued triggers:

    Ticker

    Position

    Profit/Loss Ratio

    Max. Draw Down

    Sharpe

    Std. Deviation

    Alpha

    Beta

    Order Date

    BAH

    Long

    13.27

    2.69%

    15.13

    0.09

    24.62%

    0.98

    09/05/2014

    NATR

    Long

    659.83

    0.10%

    12.69

    0.13

    33.15%

    4.08

    09/05/2014

    TNH

    Long

    10.22

    24.91%

    9.51

    0.24

    42.98%

    1.24

    09/05/2014

    WNR

    Long

    12.58

    11.79%

    13.45

    0.30

    77.88%

    4.10

    09/05/2014

    TradeProphet Triggers

    Still loyal to the lower risk play, out of the suggested list I would recommend TNH and BAH for opening a long position.
    Again, since the market is moving in the long position (see above), I wouldn't recommend a short position.

    Conclusion time - The market seems to be opening another long move (despite current high levels),under that assumption ,I wouldn't recommend going short but choosing the longs wisely,

    Happy trading,
    The TradeProphet team.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in SPY, DIA, QQQ, SH, VXX, ANIK, EDU, KORS, PEGA, BAH, NATR, TNH, WNR over the next 72 hours.

    Stocks: SPY, DIA, QQQ, SH, VXX, ANIK, EDU, KORS, PEGA, BAH, NATR, TNH, WNR
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