We didn’t add any new positions to the portfolio this week.
Get ahead of the game with our weekly Momentum Ranking report! Click here to see the top stocks for week 28.
This Week’s Trading Activity: A Steady Hand
This week, our momentum ranking strategy, inspired by Andreas Clenow’s ‘Stocks On The Move,’ showed us we are on the right track even with minimal trading activity. With most of our portfolio concentrated in cash reserves, we continue to maintain a conservative yet watchful approach in a volatile market.
Maintaining Momentum Amidst Market Fluctuations
Our portfolio’s strategy of ranking stocks by annualized adjusted slope highlighted no new buy or sell actions. This absence of transactions underscores our disciplined approach toward maintaining quality over quantity. Cash reserves still make up the largest portion of our portfolio, ensuring we are well-prepared for any sudden market changes while our financial base remains strong and flexible.
Among our top holdings, Wingstop Inc. (WING) continues to draw attention with its performance in the restaurant industry, delivering steady gains for our portfolio. Furthermore, Grayscale Ethereum Trust (GEV) plays a crucial role here as it aligns with our diversified strategy encompassing innovative digital assets.
Despite less trading activity, we maintained a diversified sector presence while our portfolio, bolstered by cash reserves, proved crucial this week. Notably, Wingstop Inc. (WING) remains a top performer in our portfolio, while Grayscale Ethereum Trust (GEV) follows closely, offering strength and diversity.
Performance Snapshot and Reflection
Analyzing the last 7 trading days, VST exhibited the most significant gain with an impressive 6.49% increase. Meanwhile, First Solar Inc. (FSLR) saw a drop of 9.12%, marking the steepest decline. The mixed performance reinforces our decision to keep a significant portion of our portfolio in cash as a risk management measure.
In conclusion, this week’s trading activity stayed true to our momentum-based strategy, ensuring stable and judicious decision-making despite market ebbs and flows. We invite you to share your own thoughts or questions about our strategy and performance. Feel free to join the conversation in the comments section below.
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:
- No positions were added to in this week!
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Rebalanced / reduced:
- No positions were reduced in this week!
Index Distribution:
At the moment, we are holding mostly cash:
Current portfolio allocation:
The portfolio is mostly just cash right now, waiting for some good opportunities:
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| cash | Cash | Cash | Cash | – | 145664 | 0.862 |
| WING | Wingstop Inc | S&P 400 | Consumer Cyclical | 11.64B | -8.07% | 0.031 |
| GEV | GE Vernova Inc. | S&P 500 | Utilities | 47.51B | -6.57% | 0.021 |
| EME | Emcor Group, Inc. | S&P 400 | Industrials | 17.15B | -9.20% | 0.017 |
| VST | Vistra Corp | S&P 500 | Utilities | 31.97B | -14.19% | 0.017 |
| NVDA | NVIDIA Corp | S&P 500 | Technology | 3200.46B | -7.57% | 0.015 |
| CEG | Constellation Energy Corporation | S&P 500 | Utilities | 68.08B | -8.61% | 0.011 |
| IESC | IES Holdings Inc | Barrons 400 | Industrials | 2.88B | -22.84% | 0.009 |
| VRT | Vertiv Holdings Co | Barrons 400 | Industrials | 34.83B | -14.85% | 0.008 |
| FSLR | First Solar Inc | S&P 500 | Technology | 24.36B | -25.81% | 0.008 |
As always, more trades next week!