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.)
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