For the week, the S&P500 index opened at 1,976.93 and closed at 1,978.34, barely moving.
Looking at the support resistance picture (below)
S&P500 index support resistance picture (6 months)
This week ( or weak..) failed the 1980 resistance level , a sell trigger was issued and the market faced down,next support level is the 1960 level,
crossing that level and we may have a correction on our hands.
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 | Close Long | 10.24 | 5.23% | 12.47 | 39.97% | 0.35 | 25/07/2014 |
SPY | Close Long | 18.19 | 3.35% | 10.83 | 36.25% | 0.37 | 25/07/2014 |
DIA | Close Long | 18.51 | 3.58% | 12.98 | 33.81% | 0.14 | 25/07/2014 |
VXZ | Long | 6.15 | 5.94% | 5.35 | 31.92% | -0.10 | 25/07/2014 |
VXZ | Long | 6.01 | 7.10% | 6.52 | 29.68% | -0.01 | 25/07/2014 |
TradeProphet Triggers
As clear as a whistle– stay out ,don’t short yet.
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 |
TradeProphet Triggers
Long triggers with in a downward market? Good question. .
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 |
TradeProphet Triggers
Best overvalued / 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 |
XME | Short | 30.33 | 0.00% | 11.47 | 36.81% | -0.49 | 25/07/2014 |
XLE | Short | 26.40 | 0.00% | 9.51 | 49.07% | -0.31 | 25/07/2014 |
XTN | Close Long | 26.32 | 0.85% | 18.08 | 84.11% | 0.27 | 25/07/2014 |
XLE | Short | 24.26 | 0.00% | 9.58 | 64.76% | -0.34 | 25/07/2014 |
TradeProphet Triggers
XOP - SPDR® S&P® Oil & Gas Exploration & Production ETF
XME - SPDR® S&P Metals and Mining ETF
(click here for help on the info below)
Ticker | Position | Profit/Loss Ratio | Max. Draw Down | Sharpe | Alpha | Beta | Order Date |
TradeProphet Triggers
Conclusion time – bearish triggers appeared like mushrooms after the rain, hold a tight stop, take profit and maybe open a short position in one of the above offers.
Happy trading,
The TradeProphet team.