Stocks: 25th July 2016

Disclaimer - Read this first!

This is not a signal service. While endeavoring to post signals before time occasionally I will only be able to post signals a day or two late

I am not a financial adviser. These are paper trades. I am not suggesting you follow these signals. If you take any action based on my blog you do so at your own risk.

Weekly Trend Trading (WETT) System

System Status: ON (As at 30 May 2016) Take new positions. Existing stops stay as they were - new stops are approx 60% of buy price.

Opening Stock Trades

Nil

Closing Stock Trades

Nil

Weekly Momentum System

System Status: ON - as at 30 May - Portfolio re-balanced monthly, positions checked weekly. Stop Loss either a weekly close below the 100 day SMA on the WEEKLY chart, or, a spike above 7% in the 2 day volatility on the daily chart.

Opening Stock Trades

Nil

Closing Stock Trades

Nil

Chart(s) of the day

Nil

Further Information

Disclosure - Personal Interests: ALU, FBU, MQA, SDF, SXL

All Stock charts courtesy of www.IncredibleCharts.com

** WETT Trading style is Similar to the methodology described in 'The Weekend Trend Trader' by Nick Radge, Buy his book if you wish to discover how I am generating these signals (note: I do not receive any benefit from promoting Nick Radge, Dave Landry, Andreas F Clenow, Incredible Charts or anything else.)

Stocks: 18th July 2017

Disclaimer - Read this first!

This is not a signal service. While endeavoring to post signals before time occasionally I will only be able to post signals a day or two late

I am not a financial adviser. These are paper trades. I am not suggesting you follow these signals. If you take any action based on my blog you do so at your own risk.

Weekly Trend Trading (WETT) System

System Status: ON (As at 30 May 2016) Take new positions. Existing stops stay as they were - new stops are approx 60% of buy price.

Opening Stock Trades

Nil

Closing Stock Trades

Nil

Weekly Momentum System

System Status: ON - as at 30 May - Portfolio re-balanced monthly, positions checked weekly. Stop Loss either a weekly close below the 100 day SMA on the WEEKLY chart, or, a spike above 7% in the 2 day volatility on the daily chart.

Opening Stock Trades

Nil

Closing Stock Trades

Nil

Sold PLS last Monday due to Volatility stop.

Chart(s) of the day

Nil

Further Information

Disclosure - Personal Interests: ALU, FBU, MQA, SDF, SXL

All Stock charts courtesy of www.IncredibleCharts.com

** WETT Trading style is Similar to the methodology described in 'The Weekend Trend Trader' by Nick Radge, Buy his book if you wish to discover how I am generating these signals (note: I do not receive any benefit from promoting Nick Radge, Dave Landry, Andreas F Clenow, Incredible Charts or anything else.)

Stocks: 11th July 2016

Disclaimer - Read this first!

This is not a signal service. While endeavoring to post signals before time occasionally I will only be able to post signals a day or two late

I am not a financial adviser. These are paper trades. I am not suggesting you follow these signals. If you take any action based on my blog you do so at your own risk.

Weekly Trend Trading (WETT) System

System Status: ON (As at 30 May 2016) Take new positions. Existing stops stay as they were - new stops are approx 60% of buy price.

Opening Stock Trades

Nil

Closing Stock Trades

Nil

Weekly Momentum System

System Status: ON - as at 30 May - Portfolio re-balanced monthly, positions checked weekly. Stop Loss either a weekly close below the 100 day SMA on the WEEKLY chart, or, a spike above 7% in the 2 day volatility on the daily chart.

Opening Stock Trades

Nil

Closing Stock Trades

Sell PLS on Mondays open (Volatility Stop)

Sold OML las Monday as part of re-balancing

Here is the portfolio after last Mondays re-balancing. I have shown position adjustments as extra trades which means I have to add back closing commission because, naturally, I would only use one trade to close the lot.

It's early days with this portfolio but after around six weeks it is up 11% while the index is down 2.8%. This is pretty astonishing performance and I wouldn't expect to bang out 100% P.A. returns year after year but the basic principal of holding a tight group of out-performing stocks should see this going well over the long run with around 10% - 20% p.a. annualized returns and draw-downs limited to 25% - 30% (this is a guesstimate based on Clenow's book)

Chart(s) of the day

Nil

Further Information

Disclosure - Personal Interests: ALU, FBU, MQA, SDF, SXL

All Stock charts courtesy of www.IncredibleCharts.com

** WETT Trading style is Similar to the methodology described in 'The Weekend Trend Trader' by Nick Radge, Buy his book if you wish to discover how I am generating these signals (note: I do not receive any benefit from promoting Nick Radge, Dave Landry, Andreas F Clenow, Incredible Charts or anything else.)

Stocks: 4th July 2016

Disclaimer - Read this first!

This is not a signal service. While endeavoring to post signals before time occasionally I will only be able to post signals a day or two late

I am not a financial adviser. These are paper trades. I am not suggesting you follow these signals. If you take any action based on my blog you do so at your own risk.

Weekly Trend Trading (WETT) System

System Status: ON (As at 30 May 2016) Take new positions. Existing stops stay as they were - new stops are approx 60% of buy price.

Opening Stock Trades

Nil

Closing Stock Trades

Nil

Performance as at end June 2016

The system turned on just in time to catch the seeming disaster of the BREXIT. So far the wide stops held while the system is on has kept all the positions open. If this turns into a protracted decline then the system will turn off soon enough and there will be some losers but until then there is nothing to do.

Here is the spreadsheet of current positions and a comparison chart to the All Ords.

Weekly Momentum System

System Status: ON - as at 30 May - Portfolio re-balanced monthly, positions checked weekly. Stop Loss either a weekly close below the 100 day SMA on the WEEKLY chart, or, a spike above 7% in the 2 day volatility on the daily chart.

Opening Stock Trades

Nil

Closing Stock Trades

Last Monday we sold SLK and TWE - here are the charts

This monday is monthly re-balancing day - I run the filter which gives the following output.

This is sorted by momentum and I want the portfolio to hold the 15 highest momentum stocks weighted by volatility. So, after dumping anything that has had a daily volatility spike in the last 6 weeks I fill out the following spreadsheet. 10 of the 15 were already in the portfolio from last month so they simply need re weighting.

Most need extra shares bought but SBM which is currently over $21,000 held needs to lose $6,400. With the exception of OML (last line) our transactions should be by value because we won't know the share price until after the open. OML is in the current portfolio but wasn't in the new portfolio so we should sell the total quantity held.

Also, I am ignoring any purchase or adjustment that doesn't have a transaction value of at least $2,000, With brokerage at $20 a side we don't want to be making tiny buys and sells all the time.

Chart(s) of the day

Nil

Further Information

Disclosure - Personal Interests: ALU and MQA

All Stock charts courtesy of www.IncredibleCharts.com

** WETT Trading style is Similar to the methodology described in 'The Weekend Trend Trader' by Nick Radge, Buy his book if you wish to discover how I am generating these signals (note: I do not receive any benefit from promoting Nick Radge, Dave Landry, Andreas F Clenow, Incredible Charts or anything else.)

Disclaimer - Read this first!

This is not a signal service. While endeavoring to post signals before time occasionally I will only be able to post signals a day or two late

I am not a financial adviser. These are paper trades. I am not suggesting you follow these signals. If you take any action based on my blog you do so at your own risk.

Weekly Trend Trading (WETT) System

System Status: ON (As at 30 May 2016) Take new positions. Existing stops stay as they were - new stops are approx 60% of buy price.

Opening Stock Trades

Nil

Closing Stock Trades

Nil

Weekly Momentum System

System Status: ON - as at 30 May - Portfolio re-balanced monthly, positions checked weekly. Stop Loss either a weekly close below the 100 day SMA on the WEEKLY chart, or, a spike above 7% in the 2 day volatility on the daily chart.

Opening Stock Trades

Nil

Closing Stock Trades

Sell SLK on Mondays open (100 day SMA Stop)

Sell TWE on Mondays open (100 day SMA Stop)

RSG sold last Monday - profit 0.6% of the portfolio.

Chart(s) of the day

Nil

Further Information

Disclosure - Personal Interests: ALU, FBU, MQA, SDF and SXL

All Stock charts courtesy of www.IncredibleCharts.com

** WETT Trading style is Similar to the methodology described in 'The Weekend Trend Trader' by Nick Radge, Buy his book if you wish to discover how I am generating these signals (note: I do not receive any benefit from promoting Nick Radge, Dave Landry, Andreas F Clenow, Incredible Charts or anything else.)