For the week, the S&P500 index opened at 1,948.97 and closed at 1,936.16 ,moving down 0.66%.
Looking at the support resistance picture (below)
S&P500 index support resistance picture(6 months)
We see the downward pressure on the index, there is a light support in the 192.5 levels but the real meaningful support is at the 188.5 level. If the downturn continues, this is the next line in the sand, closing below it, and we may have a light correction.
Anyway, as long as the S&P500 index stays above the 188.5 level, It is still a bullish market.
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 |
| SPY | Long | 12.63 | 3.22% | 15.56 | 55.86% | 0.09 | 13/06/2014 |
| SPY | Long | 10.10 | 2.50% | 4.99 | 19.83% | 0.47 | 13/06/2014 |
| QQQ | Long | 7.47 | 3.98% | 6.18 | 46.05% | 0.65 | 13/06/2014 |
| QQQ | Long | 21.29 | 2.96% | 11.42 | 56.76% | 0.61 | 13/06/2014 |
| DIA | Long | 5.28 | 3.87% | 3.32 | 19.60% | 0.54 | 13/06/2014 |
| DIA | Long | 6.19 | 3.78% | 4.45 | 15.07% | 0.23 | 13/06/2014 |
TradeProphet Triggers
Bullish ,all across the board. Nothing to add to that, strait and to the point, the market is in bull mode.
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 | Alpha | Beta | Order Date |
| PRLB(+) | Long | 56.53 | 1.67% | 10.60 | 65.20% | 0.59 | 13/06/2014 |
| SAVE(+) | Long | 105.58 | 1.63% | 7.30 | 66.02% | 0.45 | 13/06/2014 |
| SAVE(+) | Long | 95.12 | 0.41% | 15.73 | 78.59% | 0.48 | 13/06/2014 |
| SAVE(+) | Long | 59.00 | 2.39% | 11.89 | 58.06% | 0.22 | 13/06/2014 |
TradeProphet Triggers
Both PRLB and SAVE look like a reasonably offers from the Growth Model Portfolio.
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 | Alpha | Beta | Order Date |
| HLF(+) | Long | 36040.00 | 0.01% | 20.69 | 120.10% | 0.15 | 13/06/2014 |
| RDA(+) | Long | 15.63 | 2.06% | 14.27 | 93.68% | 1.04 | 13/06/2014 |
| STRA(+) | Short | 109.65 | 0.00% | 14.13 | 113.06% | -0.48 | 13/06/2014 |
| STRA(+) | Short | 58.77 | 0.00% | 13.18 | 100.31% | -0.08 | 13/06/2014 |
TradeProphet Triggers
HLF and RDA look very attractive selections from the Value Model Portfolio, STRA is a short selection(though I wouldn’t short on a long market)
Best undervalued Sectors (And best picks within that sector)
| Ticker | Position | Profit/Loss Ratio | Max. Draw Down | Sharpe | Alpha | Beta | Order Date |
| XAR(+) | Long | 59.20 | 0.47% | 10.23 | 27.94% | 1.00 | 13/06/2014 |
| XAR(+) | Long | 87.81 | 0.22% | 9.98 | 22.24% | 0.92 | 13/06/2014 |
| XTN(+) | Long | 90.30 | 0.07% | 35.12 | 32.49% | 0.36 | 13/06/2014 |
TradeProphet Triggers
XAR - SPDR S&P Aerospace & Defense
XTN - S&P Transportation Select Industry Index
| Ticker | Position | Profit/Loss Ratio | Max. Draw Down | Sharpe | Std. Deviation | Alpha | Beta | Order Date |
TradeProphet Triggers
Conclusion time – moving up, no doubt about it, open Long position and stay there no matter what.
Happy trading,
The TradeProphet team.
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