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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 5/24/2014 0 comments
    May 25, 2014 2:32 PM | about stocks: SPY, QQQ, DIA

    TradeProphet Weekly Report 5/24/2014
    (technical difficulties prevent us from publishing the entire report, this report will be updated during next week)

    For the week, the S&P500 index opened at 1,876.66 and closed at 1,900.53 (all time high) moving up 1.3% (confirming the long position we recommended two weeks ago).

    Looking at the support resistance picture (below)

    (click to enlarge)
    S&P500 index support resistance picture(6 months)

    A very important psychological resistance was broken last week breaking the 1900 level (and staying there) which is a good sign for the bulls. Technically speaking the bulls have the upper hand.

    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

    Alpha

    Beta

    Order Date

    S&P500

    Close Long

    13.37

    2.48%

    3.49

    17.48%

    0.44

    23/05/2014

    DOW30

    Short

    57.19

    0.00%

    9.65

    15.01%

    -0.51

    23/05/2014

    DOW30

    Short

    33.84

    0.00%

    6.49

    16.37%

    -0.48

    23/05/2014

    DOW30

    Short

    13.62

    0.00%

    7.21

    16.44%

    -0.37

    23/05/2014

    DOW30

    Close Long

    18.51

    3.58%

    12.98

    33.81%

    0.14

    23/05/2014

    QQQ

    Close Long

    15.11

    0.00%

    5.39

    21.42%

    0.45

    23/05/2014

    QQQ

    Close Long

    14.33

    0.00%

    6.32

    24.59%

    0.35

    23/05/2014

    TradeProphet Triggers

    The TradeProphet system tells a different story, the triggers are mixed, at best (DOW30), but the overall picture is no longer bullish, it's not bearish yet since most of the triggers are to close long positions.
    The triggers are not bearish ("Short") for the entire market (DOW30 is the only one with "Short" triggers).
    S&P500 and the Nasdaq100 index received a "Close Long" position and the DOW30 index has 3 (!) short triggers. The future picture does not look good for the bulls.

    Growth Model Portfolio

    Lets now look at the Growth portfolio, 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

    MELI

    Long

    27.66

    0.00%

    7.75

    0.01

    83.63%

    0.97

    23/05/2014

    TradeProphet Triggers

    The growth model portfolio produced a long trigger for MELI, with a nice Alpha .

    Value Model Portfolio

    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

    HLF

    Long

    25.66

    2.28%

    6.16

    0.02

    33.87%

    -0.26

    27/05/2014

    HLF

    Long

    14.20

    3.67%

    8.33

    0.01

    68.69%

    0.26

    27/05/2014

    HLF

    Long

    5.64

    7.79%

    5.22

    0.03

    48.65%

    0.06

    27/05/2014

    TradeProphet Triggers

    Value model portfolio produced a strong long recommendation for HLF, this is the only long position recommendation for a long position, there are no short recommendation.

    Best undervalued Sectors (And best picks within that sector)

    Ticker

    Position

    Profit/Loss Ratio

    Max. Draw Down

    Sharpe

    Std. Deviation

    Alpha

    Beta

    Order Date

                     

    TradeProphet Triggers

    :

    Ticker

    Position

    Profit/Loss Ratio

    Max. Draw Down

    Sharpe

    Std. Deviation

    Alpha

    Beta

    Order Date

                     

    TradeProphet Triggers

    Conclusion time - since the system posted a recommendation to close long positions,we have two options - one ,close all long positions and not to open new ones, the other is to keep a close trailing stop on our long positions
    enabling us to profit some from the last up move to all time high.

    Happy trading,
    The TradeProphet team.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in SPY, QQQ, DIA, MELI, HLF over the next 72 hours.

    Stocks: SPY, QQQ, DIA
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