Daily Equity Update

Tuesday 12th March - Daily Equity Update

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**********Fog of war starts here-T minus 4 days********

I want to increase the interaction. I hate speaking into the void, I am at my best when there is a back and forth.

Anyone who replies here in chat or on Twitter can name 3 tickers and I will depending on the amount of requests do a run down of them. Hopefully, this will be more interactive and less prescriptive than me blurting out tickers weekly.

PCT is on the ban list. I'm not too fond of shoes.

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Reduce   : Cash META
         : Half GWW

Addition : FSLR TSN

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I highlighted XLU last night in chat. Over the last week or so there have been 4-5 buy signals on individual names contained within it. They have not gone into the portfolio as there are other stronger candidates.

This (as usual) unlabelled chart shows the different Signal scores by timeframe for XLU. You can see that in the past it went through quite defined periods of strength and weakness. Since the end of 2021, it has been I guess in what can best be described as Brownian Motion. A whole load of nothing.

Hopefully, we get some good names and I can show you how I use these measures to define periods of strength for certain stocks.

A takeaway right now is from something I have seen more of recently, lots of people have been posting ratio measures. One example would be SPHB/SPLV showing the relative performance of high beta equity over low volatility. Is it helpful? Well, it is certainly useful for people to “oh aah” over charts on Twitter and probably earn some Elon’Bux. What we can see is that XLU as a measure of has probably broken down. Those may have been helpful until 2021, now though not so much.

We have to constantly measure what we are using, and if it remains a useful guide.