For the week, the S&P500 index opened at 1,960.79 and closed at 1,985.44, making 1.25%.
Looking at the support resistance picture (below)
S&P500 index support resistance picture (6 months)
Technically speaking, the market is continuing the very strong bullish move it had started, correction? What correction ?
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 | Close Long | 92.70 | 0.39% | 5.44 | 18.12% | 0.45 | 03/07/2014 |
SPY | Long | 6.40 | 5.15% | 4.36 | 17.93% | 0.46 | 03/07/2014 |
QQQ | Long | 9.50 | 3.59% | 4.15 | 22.47% | 0.54 | 03/07/2014 |
QQQ | Long | 9.03 | 3.90% | 5.36 | 21.39% | 0.45 | 03/07/2014 |
QQQ | Long | 6.12 | 5.52% | 6.27 | 24.52% | 0.35 | 03/07/2014 |
DIA | Long | 5.28 | 3.87% | 3.32 | 19.60% | 0.54 | 03/07/2014 |
DIA | Close Long | 19.59 | 2.78% | 5.93 | 17.71% | 0.21 | 03/07/2014 |
TradeProphet Triggers
Market recommendation is (almost) totally bullish, supporting the technical picture, the trend is bullish.
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 |
BSTC | Short | 17.06 | 0.00% | 7.10 | 83.37% | -0.03 | 03/07/2014 |
BWLD | Short | 64.88 | 0.00% | 7.13 | 72.93% | -0.18 | 03/07/2014 |
PRLB | Long | 43.88 | 0.00% | 10.69 | 96.09% | 0.05 | 03/07/2014 |
PRLB | Long | 56.53 | 1.67% | 10.60 | 65.20% | 0.59 | 03/07/2014 |
SAVE | Long | 105.58 | 1.63% | 7.30 | 66.02% | 0.45 | 03/07/2014 |
TradeProphet Triggers
This week we have a number of very nice recommendations, PRLB and SAVE were recommended last week .
Value Model Portfolio
Any good triggers in the Value portfolio? Let's look at the issued triggers:
(click here for help on the info below)
Ticker | Position | Profit/Loss Ratio | Max. Draw Down | Sharpe | Alpha | Beta | Order Date |
BODY | Close Short | 69.49 | 0.63% | 12.96 | 422.33% | -0.62 | 03/07/2014 |
BAH | Long | 57.26 | 0.79% | 12.69 | 58.00% | 0.82 | 03/07/2014 |
CPLA | Short | 141.39 | 0.98% | 7.25 | 142.94% | 0.69 | 03/07/2014 |
GNI | Short | 29.69 | 0.00% | 7.06 | 70.59% | -0.25 | 03/07/2014 |
TradeProphet Triggers
Best undervalued Sectors (And best picks within that sector)
(click here for help on the info below)
Ticker | Position | Profit/Loss Ratio | Max. Draw Down | Sharpe | Alpha | Beta | Order Date |
XAR | Long | 33.89 | 1.13% | 10.81 | 54.11% | 0.42 | 03/07/2014 |
XLU | Short | 164.08 | 0.20% | 10.70 | 53.53% | -0.32 | 03/07/2014 |
TradeProphet Triggers
XAR - S&P Aerospace & Defense Select Industry Index
XLU - Utilities Select Sector SPDR
(click here for help on the info below)
Ticker | Position | Profit/Loss Ratio | Max. Draw Down | Sharpe | Alpha | Beta | Order Date |
TradeProphet Triggers
Conclusion time –Clouds in the horizon…the picture is bullish but it used to be VERY bullish, keep a tight stop loss or close profitable positions waiting for the next move.
No reason for panic, the long term move is still bullish.
Happy trading,
The TradeProphet team.
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