The portfolio remained unchanged this week, with no new trades.
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Weekly Trading Recap: Navigating the Market with Precision
This week, our momentum-based trading strategy continues to navigate the financial markets with a steady hand. Leveraging the strategy outlined in Andreas Clenow’s book, ‘Stocks On The Move’, we maintain a disciplined approach, ranking stocks based on their annualized adjusted slope and adjusting our portfolio as needed. The S&P 500, a crucial regime filter in our strategy, remains above its 200-day moving average, now for an impressive 304 days, enabling us to keep our options open for future opportunities.
This week, there were no new buys or sells in our portfolio, but we did choose to rebalance by adding to our position in BILL. We maintain a strong focus on the industrials sector, which represents the largest portion of our portfolio, with significant positions in companies like PAYO, GEV, and AAL. In terms of performance, AGX stands out as the best performer with a 14.27% gain over the past seven trading days. Meanwhile, PAY has been the weakest link, showing a 4.77% loss over the same period.
To conclude, this week’s trading activity was characterized by stability rather than change, with a keen eye on maintaining well-performing positions. While no new trades were initiated, the decision to increase our holdings in BILL underscores our commitment to strategic growth. As always, we invite readers to share their thoughts or questions in the comments below, fostering a community of informed and engaged investors.
This week’s transactions:
-
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:
- No positions were reduced in this week!
Index Distribution:
The Barrons 400 index is currently contributing the most to our portfolio.
Current portfolio allocation:
The Industrials sector is currently our top dog in terms of portfolio allocation.
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| PAYO | Payoneer Global Inc | Barrons 400 | Technology | 3.71B | -7.97% | 0.066 |
| GEV | GE Vernova Inc | S&P 500 | Utilities | 114.18B | 2.50% | 0.06 |
| AAL | American Airlines Group Inc | S&P 400 | Industrials | 12.11B | -0.78% | 0.057 |
| ALTM | Arcadium Lithium PLC | S&P 400 | Basic Materials | 6.15B | -0.25% | 0.056 |
| GTLS | Chart Industries Inc | S&P 400 | Industrials | 9.36B | -0.68% | 0.056 |
| UAL | United Airlines Holdings Inc | S&P 500 | Industrials | 35.87B | -1.66% | 0.054 |
| BILL | BILL Holdings Inc | S&P 400 | Technology | 9.30B | -8.21% | 0.052 |
| CORT | Corcept Therapeutics Inc | Barrons 400 | Healthcare | 6.36B | -2.43% | 0.047 |
| LITE | Lumentum Holdings Inc | S&P 400 | Technology | 6.66B | 0.77% | 0.046 |
| AGX | Argan, Inc | Barrons 400 | Industrials | 2.49B | 0.98% | 0.043 |
| NCLH | Norwegian Cruise Line Holdings Ltd | S&P 500 | Consumer Cyclical | 11.91B | -5.46% | 0.041 |
| UTI | Universal Technical Institute Inc | Barrons 400 | Consumer Defensive | 1.43B | -3.03% | 0.041 |
| VRT | Vertiv Holdings Co | Barrons 400 | Industrials | 53.55B | -2.07% | 0.041 |
| VST | Vistra Corp | S&P 500 | Utilities | 63.93B | 5.33% | 0.038 |
| PAY | Paymentus Holdings Inc | Barrons 400 | Technology | 3.90B | -19.62% | 0.033 |
| APO | Apollo Global Management Inc | S&P 500 | Financial Services | 95.95B | -10.51% | 0.031 |
| PLTR | Palantir Technologies Inc | S&P 500 | Technology | 167.31B | -13.39% | 0.03 |
| UPWK | Upwork Inc | Barrons 400 | Communication Services | 2.12B | -12.40% | 0.027 |
| TPL | Texas Pacific Land Corporation | S&P 500 | Energy | 32.58B | -19.84% | 0.026 |
| STRL | Sterling Infrastructure Inc | Barrons 400 | Industrials | 5.97B | -4.45% | 0.024 |
| DOCS | Doximity Inc | S&P 400 | Healthcare | 10.33B | -10.39% | 0.023 |
| AXON | Axon Enterprise Inc | S&P 500 | Industrials | 46.16B | -13.35% | 0.022 |
| CCL | Carnival Corp | S&P 500 | Consumer Cyclical | 32.06B | -5.80% | 0.022 |
| USLM | United States Lime & Minerals Inc | Barrons 400 | Basic Materials | 3.39B | -25.65% | 0.02 |
| DUOL | Duolingo Inc | S&P 400 | Technology | 14.73B | -11.54% | 0.02 |
| APP | Applovin Corp | Barrons 400 | Technology | 117.46B | -16.19% | 0.019 |
| cash | Cash | Cash | Cash | – | 251 | 0.005 |
As always, more trades next week!