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	Alpha	Beta	Order Date
MELI	Long	27.66	0.00%	7.75	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	Alpha	Beta	Order Date
HLF	Long	25.66	2.28%	6.16	33.87%	-0.26	27/05/2014
HLF	Long	14.20	3.67%	8.33	68.69%	0.26	27/05/2014
HLF	Long	5.64	7.79%	5.22	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	Alpha	Beta	Order Date

TradeProphet Triggers

:

Ticker	Position	Profit/Loss Ratio	Max. Draw Down	Sharpe	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.