We didn’t add any new positions to the portfolio this week.
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This Week in Trading: Navigating Uncharted Waters
Hello, fellow traders! This week has been pretty interesting. We’re closely watching the S&P500, which has been above its 200-day moving average for the last 2 days. Yet, we’re holding off on making new buys until it stays there for one more day - a key part of our strategy. Patience is a virtue, especially when it comes to smart investing!
Speaking of strategies, as detailed in Andreas Clenow’s ‘Stocks On The Move’, our trading focuses on a momentum ranking. We only consider stocks from the top 10% of the ranking based on the annualized adjusted slope. Last Friday, we also adjusted our stock universe. This was thanks to the Barrons 400 index’s biannual rebalance.
Buys and Sells Update
There were no new buys or sells this week. We’re maintaining a strong cash position, keeping our powder dry and ready for the right opportunities. Notably, cash is our largest holding, demonstrating a cautious approach as we wait for all signals to line up perfectly.
Our current positions include a focus on a few sectors. UGI continues as a key holding, bringing stability from the utilities sector. It’s known for consistent performance and fits well with our strategy. Additionally, LRN, a player in educational technology, represents another significant sector in our portfolio, emphasizing the diversification of our investments.
Performance Insights
Highlighting recent performance, PLTR is shining bright with a 12.18% gain over the last week. On the other hand, cash, as you might expect, held steady with no change. The balance between performance and preparedness is crucial in our trading philosophy.
To wrap up, this week’s trading activity was marked by strategic patience. The S&P500 is on the edge, and we’re watching closely. While cash remains a significant part of our portfolio, we stand ready to act when conditions align with our momentum strategy. We invite you to share your thoughts or questions in the comments below. Your insights are valuable to us. Until next week, trade wisely and stay informed!
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:
We’re mainly invested in stocks from the S&P 500 group at the moment.
Current portfolio allocation:
We’re keeping most of our money in cash for the time being in the portfolio:
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| cash | Cash | Cash | Cash | – | 13103 | 0.282 |
| UGI | UGI Corp | S&P 400 | Utilities | 7.02B | -5.31% | 0.115 |
| LRN | Stride Inc | Barrons 400 | Consumer Defensive | 5.51B | -12.81% | 0.073 |
| OSIS | OSI Systems, Inc | Barrons 400 | Technology | 3.42B | -7.41% | 0.066 |
| TPR | Tapestry Inc | S&P 500 | Consumer Cyclical | 15.41B | -18.06% | 0.065 |
| TKO | TKO Group Holdings Inc | S&P 500 | Communication Services | 26.20B | -14.54% | 0.062 |
| VRSN | Verisign Inc | S&P 500 | Technology | 23.32B | -0.32% | 0.058 |
| UTI | Universal Technical Institute Inc | Barrons 400 | Consumer Defensive | 1.48B | -10.67% | 0.048 |
| FOX | Fox Corporation | S&P 500 | Communication Services | 23.66B | -8.37% | 0.044 |
| EQT | EQT Corp | S&P 500 | Energy | 32.36B | -4.41% | 0.035 |
| DOCS | Doximity Inc | S&P 400 | Healthcare | 12.64B | -20.93% | 0.033 |
| SLM | SLM Corp | S&P 400 | Financial Services | 6.35B | -7.49% | 0.033 |
| PLTR | Palantir Technologies Inc | S&P 500 | Technology | 225.61B | -23.30% | 0.031 |
| PEN | Penumbra Inc | S&P 400 | Healthcare | 11.07B | -7.31% | 0.031 |
| AR | Antero Resources Corp | S&P 400 | Energy | 12.84B | -0.81% | 0.025 |
As always, more trades next week!