No new buys for us this week, due to the S&P 500 being below its 200-day moving average. However, we did make some changes to our existing positions.
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Portfolio Update: A Peek into This Week’s Performance
In this week’s investment update, we find ourselves in a slightly unusual market climet. The S&P 500 has been below its 200-day moving average for -3 days now, notably marking the first time since May 2025. With this shift in the regime filter, our ability to open new positions is paused. We’re focused on scrutinizing our current holdings and ensuring they still meet our momentum criteria. Currently, we’re holding 15.8% of our portfolio in cash, positioning us to act swiftly once conditions permit.
This week, we made some notable adjustments to our portfolio. We sold Dollar General (DG) and Southwest Airlines (LUV) as both stocks dipped below their 100-day moving averages, signaling it was time to part ways. From our rebalancing activity, we decided to reduce our position in Micron Technology (MU), keeping a balanced view on our exposure.
Our investments continue to be prominently tilted towards the Technology sector, reflecting our adherence to momentum ranking strategies as detailed in Andreas Clenow’s insightful book, Stocks On The Move. This sector often serves a dynamic role in portfolios by providing growth opportunities through innovation-lead companies. Notable in our holdings are companies like Ciena (CIEN), which has been our high performer, boasting an impressive gain of +20.90%. On the other hand, Alcoa (AA) lagged, losing -11.81% this week. This diversification across industries helps maintain our overall balance.
In summary, our top holdings currently include cash, Ciena (CIEN), and Teradyne (TER). Each plays a distinct role in our strategy, offering growth and stability. Given the market’s present stance, we’re holding reserve cash, ready for future opportunities.
We’d love to hear your thoughts! Feel free to share your insights or ask questions in the comments below.
This week’s transactions:
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Sold:
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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:
Index Distribution:
Most of our holdings are from the S&P 500 index right now.
Current portfolio allocation:
The biggest share of our portfolio is currently allocated to the Technology sector.
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| cash | Cash | Cash | Cash | – | - | 0.158 |
| CIEN | CIENA Corp | S&P 500 | Utilities | 60.55B | 2.00% | 0.076 |
| TER | Teradyne, Inc | S&P 500 | Technology | 49.83B | -7.72% | 0.076 |
| AMAT | Applied Materials Inc | S&P 500 | Technology | 296.28B | -5.71% | 0.072 |
| ATI | ATI Inc | S&P 400 | Industrials | 20.46B | -11.14% | 0.071 |
| ROIV | Roivant Sciences Ltd | S&P 400 | Healthcare | 19.32B | -11.01% | 0.066 |
| WDC | Western Digital Corp | S&P 500 | Technology | 98.24B | -9.34% | 0.055 |
| FIX | Comfort Systems USA, Inc | S&P 500 | Consumer Cyclical | 50.63B | -4.03% | 0.053 |
| MTSI | MACOM Technology Solutions Holdings Inc | S&P 400 | Technology | 17.96B | -7.56% | 0.051 |
| DAR | Darling Ingredients Inc | S&P 400 | Consumer Defensive | 9.31B | 1.27% | 0.049 |
| MKSI | MKS Inc | S&P 400 | Technology | 16.30B | -10.20% | 0.035 |
| ALB | Albemarle Corp | S&P 500 | Basic Materials | 20.35B | -16.18% | 0.033 |
| TTMI | TTM Technologies Inc | S&P 400 | Technology | 10.84B | -7.57% | 0.032 |
| MU | Micron Technology Inc | S&P 500 | Technology | 442.89B | -16.68% | 0.03 |
| STX | Seagate Technology Holdings Plc | S&P 500 | Technology | 88.99B | -11.26% | 0.03 |
| LRCX | Lam Research Corp | S&P 500 | Technology | 296.58B | -7.47% | 0.026 |
| MRNA | Moderna Inc | S&P 500 | Healthcare | 20.53B | -12.70% | 0.026 |
| AA | Alcoa Corp | S&P 400 | Basic Materials | 14.94B | -17.24% | 0.017 |
| SATS | EchoStar Corp | S&P 400 | Communication Services | 32.50B | -14.93% | 0.016 |
| AMKR | AMKOR Technology Inc | S&P 400 | Technology | 12.10B | -14.27% | 0.013 |
| COHR | Coherent Corp | S&P 400 | Technology | 50.11B | -10.97% | 0.013 |
As always, more trades next week!