Seeking Alpha

Scott's Investm...'s  Instablog

Scott's Investments
Send Message
I am an independent investor writing at Scott's Investments (http://www.scottsinvestments.com). My site is dedicated to discussing and publicly tracking historically successful investments strategies and sharing free investment resources. I emphasize empirical, historical, and quantitative... More
My company:
Scott's Investments / Stock Loon LLC
My blog:
Scott's Investments
  • GLD And SPY Signals 0 comments
    Aug 24, 2012 11:45 AM | about stocks: GLD, SPY

    The MarketClub ETF Portfolio/strategy created earlier this year has been quiet this summer as all four ETFs were on either a neutral or short (sell) signal. At its core, the service is a trend-following trading system. The strategy I created tracks MarketClub's Trade Triangle buy/sell signals on four ETFs - USO, SPY, FXE, and GLD. For background on the portfolio please see my initial article on the portfolio here.

    This portfolio should be looked at more as a collection of trades, rather than a comprehensive portfolio. The reason the "portfolio" has been so quiet this summer is the four ETFs tend to be highly correlated, so when one is on a signal, the other ETFs have a high probability of sharing the same signal. This is not a fault of the signals, but in my choice of ETFs. I may add some uncorrelated ETFs, such as TLT, in the near future in order to increase the number of signals and offer a better overall representation of potential applications of the signals.

    MarketClub is a sponsor of Scott's Investments, but these trades/tests are conducted in near real-time (I typically don't have time during the day to publish the trades, so I post them in the evening). My objective is to track and test, out-of-sample, the effectiveness of their trade signals.

    Two long trades have been signaled on GLD and SPY in the past week. A monthly trade triangle was triggered today (8/23) for GLD at 162.18. SPY had a monthly trade triangle signal last week (8/16) at 141.66. My blog update regarding the SPY signal is tardy, but I will track the portfolio using the 8/16 signal price.

    The MarketClub chart for GLD is below:

    The MarketClub chart for SPY is below:

    (click to enlarge)

    To track the historical performance and current trade performance click on the "Marketclub ETF Portfolio" on the right hand side of Scott's Investments.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: GLD, SPY
Back To Scott's Investments' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.