This week’s trading activity totaled 1 new trades: no buys and 1 sell.
Looking for reliable stock performance data? Check out our weekly Momentum Ranking (based on Andreas Clenow’s book Stocks on the Move), updated every week with the latest figures! Click here to see the report for week 07.
In this week’s market seeting, we’re observing the S&P 500 sitting pretty comfortably above its 200-day moving average for 189 straight days. Despite a low cash share of just 1.3%, which signals we’re almost fully invested, no new positions were opened this week. This is because our momentum strategy—sculpted from Andreas Clenow’s ‘Stocks On The Move’—keeps us disciplined in our approach.
This week, we decided to sell our stake in ILMN. The decision was based on ILMN trading below its 100-day moving average, which doesn’t fit our portfolio’s criteria for momentum investment. Meanwhile, we added to our existing position in GMED, while any reductions or new buys were off the table.
Our top-performing stock was LITE, showing a whopping 47.29% increase, while unfortunately, MU lagged as the worst performer, experiencing a dip of 7.56%. The Technology sector continues to be at the forefront of our portfolio, reflecting its integral role in growth-oriented strategies. Leading companies in this area include TER, GMED, and ATI—all standout names within our holdings.
We’re keeping our eyes on momentum and following our systematic approach to investing. Feel free to share your thoughts or how you’re managing your own portfolio in the comments below.
This week’s transactions:
-
Sold:
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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:
We’re mainly invested in stocks from the S&P 400 group at the moment.
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 |
|---|---|---|---|---|---|---|
| TER | Teradyne, Inc | S&P 500 | Technology | 47.67B | -3.84% | 0.078 |
| GMED | Globus Medical Inc | S&P 400 | Healthcare | 11.99B | -12.16% | 0.067 |
| ATI | ATI Inc | S&P 400 | Industrials | 18.48B | -0.70% | 0.067 |
| AMAT | Applied Materials Inc | S&P 500 | Technology | 264.49B | -3.21% | 0.067 |
| ROIV | Roivant Sciences Ltd | S&P 400 | Healthcare | 19.80B | -0.21% | 0.066 |
| CIEN | CIENA Corp | S&P 400 | Technology | 41.80B | -0.09% | 0.055 |
| WDC | Western Digital Corp | S&P 500 | Technology | 89.65B | -10.82% | 0.054 |
| MTSI | MACOM Technology Solutions Holdings Inc | S&P 400 | Technology | 17.18B | -5.21% | 0.053 |
| FIX | Comfort Systems USA, Inc | S&P 500 | Consumer Cyclical | 45.38B | -1.02% | 0.049 |
| ALB | Albemarle Corp | S&P 500 | Basic Materials | 19.66B | -14.62% | 0.046 |
| WBD | Warner Bros. Discovery Inc | S&P 500 | Communication Services | 68.75B | -7.53% | 0.046 |
| LITE | Lumentum Holdings Inc | S&P 400 | Technology | 40.15B | -6.19% | 0.044 |
| MU | Micron Technology Inc | S&P 500 | Technology | 425.94B | -16.92% | 0.043 |
| MKSI | MKS Inc | S&P 400 | Technology | 16.85B | -0.45% | 0.038 |
| AA | Alcoa Corp | S&P 400 | Basic Materials | 16.25B | -6.29% | 0.038 |
| COHR | Coherent Corp | S&P 400 | Technology | 43.75B | -5.59% | 0.037 |
| STX | Seagate Technology Holdings Plc | S&P 500 | Technology | 87.30B | -12.87% | 0.032 |
| AMKR | AMKOR Technology Inc | S&P 400 | Technology | 12.85B | -5.75% | 0.031 |
| SATS | EchoStar Corp | S&P 400 | Communication Services | 33.72B | -11.43% | 0.03 |
| LRCX | Lam Research Corp | S&P 500 | Technology | 282.70B | -10.12% | 0.026 |
| HL | Hecla Mining Co | S&P 400 | Consumer Cyclical | 15.69B | -31.47% | 0.02 |
| cash | Cash | Cash | Cash | – | - | 0.013 |
As always, more trades next week!