For the week, the S&P500 index opened at 1,984.22 and closed at 1,967.57, moving down 0.84%.
Looking at the support resistance picture (below)
S&P500 index support resistance picture (6 months)
This week we saw the first crack in the structure(really?),S&P500 didn’t know which way to go and was a bit down from the all-time high, next move is hard to guess but this is the first time the market gave
a consecutive triggers since the end of may(after which it continued the move up..).
The sell trigger still needs confirmation, which we may get beginning next week. We will have to wait and see.
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 |
| VXX | Short | 624.27 | 0.00% | 11.88 | 146.87% | 0.70 | 11/07/2014 |
| ^GSPC | Short | 467.27 | 0.00% | 9.02 | 24.17% | -0.53 | 11/07/2014 |
| SPY | Short | 36.99 | 0.00% | 6.66 | 7.26% | -0.51 | 11/07/2014 |
| QQQ | Short | 30.19 | 0.00% | 9.37 | 32.47% | -0.45 | 11/07/2014 |
| SDS | Short | 23.22 | 0.00% | 4.55 | 15.94% | 1.94 | 30/06/2014 |
| QQQ | Short | 10.52 | 2.45% | 6.03 | 16.22% | -0.85 | 11/07/2014 |
| SPY | Long | 10.10 | 2.50% | 4.99 | 19.83% | 0.47 | 11/07/2014 |
TradeProphet Triggers
The table above summarizes the triggers issued by the TradeProphet system sorted by the Profit to Loss ratio, the strongest triggers are to sell the market ,this is quite a reverse from
the last few weeks where the triggers were mostly ( or all..) bullish,we saw a bit of weakness last week , but this time the system is very clear – stay out and short .
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 |
| KORS | Long | 59.51 | 0.64% | 12.83 | 113.08% | -0.64 | 11/07/2014 |
| PRLB | Long | 56.53 | 1.67% | 10.60 | 65.20% | 0.59 | 11/07/2014 |
| SAVE | Long | 105.58 | 1.63% | 7.30 | 66.02% | 0.45 | 11/07/2014 |
TradeProphet Triggers
Long triggers with in a downward market? Good question, BUT notice the long trigger on KORS with negative low beta – I would grab it. .
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 |
| RDA | Long | 133.04 | 0.99% | 6.47 | 54.49% | -0.38 | 11/07/2014 |
| GME | Short | 36.29 | 0.00% | 7.30 | 59.98% | -0.42 | 11/07/2014 |
| CF | Close Long | 30.24 | 0.00% | 6.60 | 56.64% | 0.49 | 11/07/2014 |
| HLF | Close Long | 30.16 | 7.05% | 8.77 | 50.63% | -0.99 | 11/07/2014 |
| DTV | Short | 21.80 | 0.00% | 8.28 | 39.49% | -0.43 | 11/07/2014 |
| MSFT | Short | 21.13 | 0.00% | 7.53 | 37.66% | -0.65 | 11/07/2014 |
TradeProphet Triggers
Best overvalued / 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 |
| XBI | Close Long | 44.87 | 1.47% | 16.69 | 62.55% | 0.15 | 11/07/2014 |
| XOP | Short | 29.23 | 0.00% | 12.94 | 62.64% | -0.48 | 11/07/2014 |
| XLE | Short | 26.40 | 0.00% | 9.51 | 49.07% | -0.31 | 11/07/2014 |
TradeProphet Triggers
XOP - SPDR® S&P® Oil & Gas Exploration & Production ETF
XLE - Energy 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 – bearish triggers appeared like mushrooms after the rain, hold a tight stop, take profit and maybe open a short position in one of the above offers.
Happy trading,
The TradeProphet team.
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