We held steady this week with no new trades.
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This Week’s Trading Activity: A Conservative Week with Focus on Rebalancing
This week, our trading activities reflected the strategic approach defined by the momentum ranking strategy from Andreas Clenow’s ‘Stocks On The Move’. Emphasizing cautiously managed movements, we focused primarily on rebalancing our current portfolio. Our largest allocation remains in cash reserves, indicating a cautious stance given current market conditions.
Review of Buys and Sells
This week did not see any new buys or complete sells. However, there were significant rebalancing moves. We added to our positions in GEV, a leading company in the renewable energy sector. On the other hand, some reduction was seen in EME, keeping our balance in line with the momentum rankings. This careful realignment ensures our portfolio maintains a robust momentum posture while managing risks amid market uncertainties.
Portfolio Analysis and Summary
Currently, cash reserves form the majority of our portfolio. Such a significant allocation to cash indicates a defensive strategy to mitigate potential market volatility and to be poised for opportunities that align with our momentum criteria. Among our top holdings, EME (Emerson Electric Co.) remains a leading player in the industrial sector, while WING (Wingstop Inc.) continues to perform well in the consumer discretionary sector.
In summary, our trading activities reflect a disciplined adherence to our momentum ranking strategy. With the largest portion maintained in cash, and strategic rebalancing moves focused on GEV and EME, we are well-positioned to adapt to market changes as they emerge, ensuring our portfolio’s resilience and growth potential.
This week’s transactions:
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Sold:
- No sells in this week!
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Bought:
- No buys in this week!
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Rebalanced / added:
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Rebalanced / reduced:
Index Distribution:
At the moment, we are holding mostly cash:
Current portfolio allocation:
Things are a bit quiet in the portfolio, mostly just cash and waiting for the right moment:
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| cash | Cash | Cash | Cash | – | 136422 | 0.84 |
| EME | Emcor Group, Inc. | S&P 400 | Industrials | 17.68B | -6.41% | 0.033 |
| WING | Wingstop Inc | S&P 400 | Consumer Cyclical | 12.35B | -2.25% | 0.028 |
| CEG | Constellation Energy Corporation | S&P 500 | Utilities | 69.66B | -6.48% | 0.023 |
| GEV | GE Vernova Inc. | S&P 500 | Utilities | 49.47B | -2.70% | 0.022 |
| NVDA | NVIDIA Corp | S&P 500 | Technology | 3104.52B | -10.34% | 0.015 |
| VST | Vistra Corp | S&P 500 | Utilities | 30.89B | -17.09% | 0.014 |
| FSLR | First Solar Inc | S&P 500 | Technology | 27.44B | -16.42% | 0.01 |
| IESC | IES Holdings Inc | Barrons 400 | Industrials | 2.74B | -26.47% | 0.009 |
| VRT | Vertiv Holdings Co | Barrons 400 | Industrials | 34.21B | -16.36% | 0.008 |
As always, more trades next week!