Another roller coaster week with the Nasdaq ending on a positive note.
We have a few more days to go in this Green period, so look for a bit more upside.
But the next Red period is looming, so I would use any up days this week to lighten up on positions. We only got a flat market in the current Green period, which suggests further weakness ahead.
***
Meanwhile we have started a little experiment with test portfolios on tickerspy.com
We will try to do better than the S&P500 benchmark in the longer term.
Portfolio 1 uses only stocks taken from the S&P 500 Index.
Portfolio 2 is chosen from the Nasdaq Composite.
Each selection starts with 10 stocks that are randomly chosen.
Towards the end of each Green period we will remove the stock that has the worst 1 month performance, and go to 10% cash (invested in SHY).
At the end of each Red Period will add a new randomly picked stock to get us back to 10 stocks in the portfolio.
In this way we try to get rid of lagging stocks and hold on to the winners.
Using the lunar cycles we try to do our buying and selling at more opportune moments.
We will see how this works out.
You can follow our test portfolios here:
http://www.tickerspy.com/portfolio.php?pid=112814
http://www.tickerspy.com/portfolio.php?pid=112817
Good Luck, Danny
Like this:
Like Loading...
New page about Earl indicators
Posted by Danny on July 12, 2013
I am getting frequent questions about the Earl and Earl2 indicators you can find in most charts on this blog.
So, I have now put up a new permanent page on the blog, explaining them in more detail.
You can always find it through the links on the left side , see “Pages”.
Or just click here: https://lunatictrader.wordpress.com/earl-indicators/
As always, your questions or critical remarks are welcome.
Danny
Share this:
Like this:
Posted in Announcements, Market Commentary | Tagged: Earl, Earl2 | 4 Comments »