🟢 Market Signal: GREEN — S&P 500 is above the MA200

Welcome to Trade Tuesday!

Every Tuesday, I trade stocks according to a ranking based on the strength of the trend. Download the latest ranking table.

The idea is based on the “Adjusted Slope” as described in Andreas Clenow’s book “Stocks on the Move”.

Be sure to read the Disclaimer.

2022 Summary

That’s a wrap! Here’s a quick look back at 2022 and what a year it was!.

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Momentum Ranking Week 49, 2022

Market Signal: Red, no holdings (cash only) until the S&P 500 reclaims the 200 day MA

While the S&P 500 flirted with its 200 day moving average (but failed to claim it), I had to sell the only remaining position in McKessen (MCK) because it is no longer in the top 20%.

November was -5% for the Momentum Portfolio, while the S&P500 was up about 5%. This is because the base currency for my portfolio is EUR, I am holding mostly cash (USD) and the Euro gained 5% vs the USD in November.

Click here for the Momentum Ranking of week 49.

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CW49  2022 

Momentum Ranking Week 48, 2022

Market Signal: Red

The 200 day Moving Average is getting closer for the S&P 500, but we’re not quite there yet. Will Powell tonight pour some cold water on this market again or will the year-end rally start soon?

Click here for the Momentum Ranking of week 48.

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CW48  2022