Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

TradeProphet Weekly Report 5/10/2014

|Includes:ANIK, BAH, DIA, EDU, KORS, NATR, PEGA, QQQ, SH, SPDR S&P 500 Trust ETF (SPY), TNH, VXX, 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)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

Click to enlarge

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

Click to enlarge

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

Click to enlarge

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