During the past week, we made 2 new trades - 1 buy(s) and 1 sell(s).
Discover the top-performing stocks of the week with our Momentum Ranking! Click here to access the latest data for week 06.
Trading Activity Update: Navigating Momentum and Market Trends
Hello, fellow traders! This week was quite dynamic for our momentum-based strategy as defined by Andreas Clenow in ‘Stocks On The Move’. Our trading decisions remain guided by our systematic ranking using the annualized adjusted slope, ensuring we stay aligned with market momentum. Currently, the S&P 500 has been above its 200-day moving average for 314 days, allowing us the flexibility to add new positions to our portfolio.
Buys and Sells This Week
Exciting news! We welcomed Chart Industries, Inc. (GTLS) to our portfolio. GTLS, operating in the Commercial Services sector, has caught our attention with its strong annualized adjusted slope ranking. This addition fits perfectly within our strategy, focusing only on top contenders. On the other hand, we bid farewell to Lumentum Holdings Inc. (LITE) in our portfolio. LITE, a technology sector company, was sold because its momentum slipped below our acceptable threshold.
Moreover, we’ve rebalanced some of our holdings, adding to positions in Apollo Global Management (APO), Doximity (DOCS), and Duolingo (DUOL), benefiting from their promising prospects. Concurrently, we have reduced our stake in American Airlines (AAL) and Upwork (UPWK). Our portfolio remains primarily in the Technology sector, supported by strong performances from holdings like Tapestry, Inc. (TPR) and Kyndryl Holdings, Inc. (KD). Notably, Corcept Therapeutics (CORT) emerged as our best performer with a gain of ~10.94% while UPWK recorded the worst performance, declining by ~6.36% over the past week.
Summary
In January, our “Trade Tuesday” approach delivered a solid gain of 3.98%, outpacing the S&P 500’s 2.7% rise—an encouraging start to the year. Presently, we are maintaining significant cash reserves, ready for new opportunities and ensuring liquidity if market conditions shift. The technology sector continues to dominate our holdings, cementing its role as a key engine within our portfolio.
Trading has been eventful, and we look forward to the journey ahead. What’s your take on this week’s activities? Have any questions or thoughts? We’d love to hear from you in the comments below!
This week’s transactions:
Index Distribution:
The S&P 500 index is currently contributing the most to our portfolio.
Current portfolio allocation:
Currently, the Technology sector is the main player in our portfolio.
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| TPR | Tapestry Inc | S&P 500 | Consumer Cyclical | 17.02B | -4.54% | 0.076 |
| KD | Kyndryl Holdings Inc | S&P 400 | Technology | 9.10B | -0.93% | 0.067 |
| APO | Apollo Global Management Inc | S&P 500 | Financial Services | 91.97B | -14.22% | 0.066 |
| PAYO | Payoneer Global Inc | Barrons 400 | Technology | 3.85B | -4.38% | 0.065 |
| AXON | Axon Enterprise Inc | S&P 500 | Industrials | 49.96B | -6.23% | 0.061 |
| DOCS | Doximity Inc | S&P 400 | Healthcare | 11.11B | -3.64% | 0.057 |
| ALTM | Arcadium Lithium PLC | S&P 400 | Basic Materials | 6.17B | -0.35% | 0.056 |
| CORT | Corcept Therapeutics Inc | Barrons 400 | Healthcare | 7.00B | -6.33% | 0.056 |
| BILL | BILL Holdings Inc | S&P 400 | Technology | 9.89B | -4.66% | 0.055 |
| UAL | United Airlines Holdings Inc | S&P 500 | Industrials | 35.09B | -8.03% | 0.053 |
| GTLS | Chart Industries Inc | S&P 400 | Industrials | 8.95B | -4.99% | 0.051 |
| DUOL | Duolingo Inc | S&P 400 | Technology | 16.57B | -0.44% | 0.048 |
| NCLH | Norwegian Cruise Line Holdings Ltd | S&P 500 | Consumer Cyclical | 12.11B | -5.97% | 0.042 |
| UTI | Universal Technical Institute Inc | Barrons 400 | Consumer Defensive | 1.52B | -0.02% | 0.042 |
| PAY | Paymentus Holdings Inc | Barrons 400 | Technology | 3.97B | -18.27% | 0.035 |
| PLTR | Palantir Technologies Inc | S&P 500 | Technology | 232.65B | 19.84% | 0.034 |
| AAL | American Airlines Group Inc | S&P 400 | Industrials | 11.03B | -12.13% | 0.027 |
| TPL | Texas Pacific Land Corporation | S&P 500 | Energy | 31.06B | -23.58% | 0.025 |
| CCL | Carnival Corp | S&P 500 | Consumer Cyclical | 33.68B | -6.48% | 0.023 |
| UPWK | Upwork Inc | Barrons 400 | Communication Services | 2.08B | -14.06% | 0.021 |
| APP | Applovin Corp | Barrons 400 | Technology | 124.71B | -11.02% | 0.02 |
| cash | Cash | Cash | Cash | – | 1033 | 0.019 |
As always, more trades next week!