Stocks: 8th August 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 RSG on Monday's open (Volatility Stop)

These four were closed as part of the monthly re-balancing

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

RSG has managed once again to pop in and out almost immediately. Sometimes this can be frustrating but any rule based system throws up oddities like this so all we can do is follow the rules and remember that it is the sum of all trades that count rather than individual trades.

Chart(s) of the day

Nil

Further Information

Disclosure - Personal Interests: ALU, FBU, MQA, SDF, SIP, 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.)