Our weekly trading summary shows 2 new trades, with 2 buys and no sells.
Click here for the Momentum Ranking of week 18.
Momentum Trading Portfolio Update: Weekly Performance and Adjustments
This past week was quite engaging as we kept an eye on the market’s pulse. The S&P 500 has been above its 200-day moving average for 16 days now, which aligns with our strategy of opening new positions. However, today is proving to be a rough day, and we used this opportunity to rebalance some positions. Our portfolio remains almost fully invested with a cash share of just 6.3%, meaning we’re mostly in the market.
Trades and Rebalancing
This week, we initiated new buys in APA and VAL. APA is a company in the energy sector, focusing mainly on oil and gas exploration. VAL, on the other hand, is involved in offshore drilling. It’s always interesting seeing how different sectors behave across various market conditions.
There were no new sells this week, but we did make some adjustments to existing positions. We trimmed our positions in AMAT, CIEN, MRNA, TER, WDC, and WLK. This allows us to realign our portfolio with our momentum strategy, as outlined in Andreas Clenow’s book, ‘Stocks On The Move’.
Summary and Sector Highlights
Technology remains our top sector, often known for driving innovation and growth in portfolios. Some familiar faces in this space include AAPL (Apple), which remains highly ranked but isn’t yet in our holdings. Our current top holdings are ATI, cash, and FIX, showcasing a mix of industrial metals, holdings in reserve, and mechanical services. This week, our best performers include DOCN with a whopping 15.6% gain, TTMI at 14.2%, and STX at 8.8%. On the other side, MRNA took a hit with a -9.3% return, along with COHR and ATI, both at -6.8%.
Interestingly, our portfolio showed a healthy weekly return of 2.54%, significantly outperforming the SPY, which dipped to -0.04%. Our model continues to favor stocks like A, AA, AAL, and others not currently in the portfolio. Make sure to share your thoughts and any questions in the comments below. Stay tuned as next week we’ll also take a retrospective look at April’s performance!
This week’s transactions:
-
Sold:
- No sells in this week!
-
Bought:
-
Rebalanced / added:
- No positions were added to in this week!
-
Rebalanced / reduced:
Index Distribution:
The S&P 500 sector is where most of our investments are right now.
Current portfolio allocation:
The Technology sector now has the largest share in the portfolio:
Weekly sector distribution:
Current portfolio (@finviz):
| Symbol | Name | Index | Sector | MC | Dist to 52w High | pct |
|---|---|---|---|---|---|---|
| ATI | ATI Inc | S&P 400 | Industrials | 20.46B | -10.84% | 0.066 |
| cash | Cash | Cash | Cash | – | - | 0.063 |
| FIX | Comfort Systems USA Inc | S&P 500 | Consumer Cyclical | 60.45B | -6.14% | 0.059 |
| ROIV | Roivant Sciences Ltd | S&P 400 | Healthcare | 20.25B | -6.73% | 0.058 |
| TER | Teradyne Inc | S&P 500 | Technology | 59.58B | -9.84% | 0.057 |
| CIEN | CIENA Corp | S&P 500 | Utilities | 66.46B | -10.96% | 0.056 |
| MTSI | MACOM Technology Solutions Holdings Inc | S&P 400 | Technology | 19.88B | -9.87% | 0.055 |
| AMAT | Applied Materials Inc | S&P 500 | Technology | 304.01B | -8.90% | 0.049 |
| DAR | Darling Ingredients Inc | S&P 400 | Consumer Defensive | 9.66B | -6.25% | 0.046 |
| WDC | Western Digital Corp | S&P 500 | Technology | 130.67B | -7.43% | 0.044 |
| VAL | Valaris Ltd | S&P 400 | Energy | 6.79B | -6.94% | 0.044 |
| APA | APA Corp | S&P 500 | Energy | 13.61B | -15.66% | 0.043 |
| DOW | Dow Inc | S&P 500 | Basic Materials | 27.44B | -10.94% | 0.041 |
| TTMI | TTM Technologies Inc | S&P 400 | Technology | 14.29B | -7.69% | 0.04 |
| STX | Seagate Technology Holdings Plc | S&P 500 | Technology | 126.11B | -4.87% | 0.039 |
| GLW | Corning Inc | S&P 500 | Technology | 132.61B | -13.80% | 0.037 |
| MKSI | MKS Inc | S&P 400 | Technology | 18.09B | -8.64% | 0.037 |
| ALB | Albemarle Corp | S&P 500 | Basic Materials | 22.12B | -13.00% | 0.035 |
| LRCX | Lam Research Corp | S&P 500 | Technology | 308.89B | -10.46% | 0.026 |
| WLK | Westlake Corp | S&P 400 | Basic Materials | 14.07B | -11.55% | 0.023 |
| DOCN | DigitalOcean Holdings Inc | S&P 400 | Technology | 9.85B | -3.05% | 0.02 |
| LYB | LyondellBasell Industries NV | S&P 500 | Basic Materials | 22.97B | -15.06% | 0.019 |
| AA | Alcoa Corp | S&P 400 | Basic Materials | 17.11B | -14.33% | 0.018 |
| COHR | Coherent Corp | S&P 500 | Healthcare | 58.03B | -18.53% | 0.014 |
| MRNA | Moderna Inc | S&P 500 | Healthcare | 18.97B | -19.69% | 0.011 |
As always, more trades next week!
See also
- Week 22: FLEX and VRT Join Our Momentum-Focused Portfolio (22 / 2026)
- Week 21: Buying DELL, Selling MRNA in Momentum Strategy (21 / 2026)
- Week 20 Highlights: DOCN Surges, APA Sinks, CHRD Added (20 / 2026)
- Portfolio Week 19: Selling AA and TER; Buying KEYS and LITE (19 / 2026)
- 1. Week 17 Portfolio Highlights: DOCN Acquired, LYB Position Reduced (17 / 2026)