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)
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.