Index plus Nothing for the Win!
Week 33 - Equity Portfolio Update
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All green on the board again after a short term wiggle.
6339 to break momentum
5883 to break trend
All Strength of Signal (SoS) are rising.
We remain in the green zone where SPX spends 65% of its trading time. This zone has a narrow but positively skewed distribution.
Current Open Equity = 28.6%
Stop Loss Trigger = 25.4%
Current Closed Equity Return = 25.6%
Our open equity outstanding is ~29% since we started in Dec ‘23. We have been able to capture ~26% returns in closed trades, meaning ~3% open equity still belongs to Mr Market. Until we close the trade it doesn’t yet belong to us!
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Hot Takes with Hank
Think pieces!
TL;DR
Corrections are out in force. Will the short term leak into the long term?
➐ MAG 7 MoMo and Chill
💡 Utilities Chose violence.
🏗️ Industrials breaking bad?
After the fastest recovery on record a bit of consolidation is to be expected. I highlighted in HTwH this week the view that we could see a similar move to Jan 2024 after the Halloween recovery. That was a period of “this market cannot survive only on strength from the MAG7”
Who knows?
Remove : NVDA EMR QCOM SMCI PPG VLO GILD KMI INTC CTSH ADP ISRG CPT
Addition : TMUS PCG
Have a great week, everyone. As always, if there are big moves intra-week I will post updates.
If you have questions please ask. Also, if you want me to cover something in next week’s HTwH post them here.
Dashboard ← Use this link to view the SP500 tickers dashboard.
1M/3M MOMO ← Use this link to find the stock’s positions relative to 1M + 3M momentum.
Signal Strength Dots ← Tracking all tickers in their SoS cycle.
Sub-Sector Signal Strength ←Sub-Sector SoS value chart
Wow! 52% cash and less $NVDA. Let’s get spicy. 🌶️