For the week, the S&P500 index opened at 1,962.92 and closed at 1,960.96, making no substantial move.
Looking at the support resistance picture (below)
S&P500 index support resistance picture (6 months)
For the past few days the market pulled back a bit, and then froze for a while ,the system does not recognize any movement in the short term, in the long term the market is still in bearish mode.
As far as the triggers from TradeProphet system for the market, this is how it looks:
(click here for help on the info below)
Ticker | Position | Profit/Loss Ratio | Max. Draw Down | Sharpe | Alpha | Beta | Order Date |
SPY | Short | 55.38 | 0.00% | 10.83 | 32.16% | -0.40 | 27/06/2014 |
SPY | Long | 10.10 | 2.50% | 4.99 | 19.83% | 0.47 | 27/06/2014 |
SPY | Long | 92.70 | 0.39% | 5.44 | 18.12% | 0.45 | 27/06/2014 |
DIA | Short | 50.66 | 0.00% | 5.51 | 11.48% | -0.44 | 27/06/2014 |
DIA | Short | 33.84 | 0.00% | 6.49 | 16.37% | -0.48 | 27/06/2014 |
DIA | Long | 13.87 | 3.58% | 14.27 | 39.88% | 0.32 | 27/06/2014 |
DIA | Long | 19.59 | 2.78% | 5.93 | 17.71% | 0.21 | 27/06/2014 |
^GSPC | Short | 666.00 | 0.00% | 6.94 | 16.26% | -0.47 | 25/06/2014 |
TradeProphet Triggers
This time the market is not that bullish, there are a few short triggers with very high grades (lines marked red in the table above).
Growth Model Portfolio
Lets now look at the Growth portfolio, TradeProphet system issued the triggers below for the growth portfolio :
(click here for help on the info below)
Ticker | Position | Profit/Loss Ratio | Max. Draw Down | Sharpe | Alpha | Beta | Order Date |
IMAX | Short | 28.49 | 0.00% | 3.94 | 57.15% | -0.85 | 27/06/2014 |
PRLB | Long | 43.88 | 0.00% | 10.69 | 96.09% | 0.05 | 27/06/2014 |
PRLB | Long | 56.53 | 1.67% | 10.60 | 65.20% | 0.59 | 27/06/2014 |
SAVE | Long | 105.58 | 1.63% | 7.30 | 66.02% | 0.45 | 27/06/2014 |
TradeProphet Triggers
This week we have a number of very nice recommendations, PRLB and SAVE were recommended last week .
Value Model Portfolio
Any good triggers in the Value portfolio? Let's look at the issued triggers:
(click here for help on the info below)
Ticker | Position | Profit/Loss Ratio | Max. Draw Down | Sharpe | Alpha | Beta | Order Date |
BODY | Short | 69.49 | 0.63% | 12.96 | 422.33% | -0.62 | 25/06/2014 |
CF | Long | 168.91 | 0.00% | 14.03 | 88.06% | 1.05 | 27/06/2014 |
HFC | Long | 41.45 | 8.36% | 16.35 | 141.43% | 0.76 | 25/06/2014 |
QCOR | Long | 31.98 | 23.57% | 10.32 | 120.10% | 0.77 | 27/06/2014 |
TradeProphet Triggers
Best undervalued Sectors (And best picks within that sector)
(click here for help on the info below)
Ticker | Position | Profit/Loss Ratio | Max. Draw Down | Sharpe | Alpha | Beta | Order Date |
XHE | Close Long | 27.91 | 0.50% | 19.75 | 33.38% | -0.01 | 27/06/2014 |
XHS | Close Long | 37.46 | 0.26% | 17.26 | 50.22% | 0.41 | 25/06/2014 |
XLI | Close Long | 37.17 | 1.36% | 15.09 | 40.33% | 0.41 | 27/06/2014 |
TradeProphet Triggers
XHE - S&P Health Care Equipment Select Industry Index
XHS - S&P Health Care Services Select Industry Index
XLI - The Industrial Select Sector SPDR® Fund
(click here for help on the info below)
Ticker | Position | Profit/Loss Ratio | Max. Draw Down | Sharpe | Alpha | Beta | Order Date |
PCP(+) | Long | 16.06 | 4.24% | 15.23 | 60.40% | 0.45 | 20/06/2014 |
TradeProphet Triggers
Conclusion time – the movement to the upside seems to have stopped for a while, the triggers aren't so bullish any more, keep a tight stop loss or close profitable positions waiting for the next move.
No reason for panic, the long term move is still bullish.
Happy trading,
The TradeProphet team.