TradeProphet Weekly Report 07/06/2014

 

For the week, the S&P500 index opened at 1,960.79 and closed at 1,985.44, making 1.25%.

Looking at the support resistance picture (below)

 
S&P500 index support resistance picture (6 months)

Technically speaking, the market is continuing the very strong bullish move it had started, correction? What correction ?

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	92.70	0.39%	5.44	18.12%	0.45	03/07/2014
SPY	Long	6.40	5.15%	4.36	17.93%	0.46	03/07/2014
QQQ	Long	9.50	3.59%	4.15	22.47%	0.54	03/07/2014
QQQ	Long	9.03	3.90%	5.36	21.39%	0.45	03/07/2014
QQQ	Long	6.12	5.52%	6.27	24.52%	0.35	03/07/2014
DIA	Long	5.28	3.87%	3.32	19.60%	0.54	03/07/2014
DIA	Close Long	19.59	2.78%	5.93	17.71%	0.21	03/07/2014

TradeProphet Triggers

Market recommendation is (almost) totally bullish, supporting the technical picture, the trend is bullish.

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
BSTC	Short	17.06	0.00%	7.10	83.37%	-0.03	03/07/2014
BWLD	Short	64.88	0.00%	7.13	72.93%	-0.18	03/07/2014
PRLB	Long	43.88	0.00%	10.69	96.09%	0.05	03/07/2014
PRLB	Long	56.53	1.67%	10.60	65.20%	0.59	03/07/2014
SAVE	Long	105.58	1.63%	7.30	66.02%	0.45	03/07/2014

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	Close Short	69.49	0.63%	12.96	422.33%	-0.62	03/07/2014
BAH	Long	57.26	0.79%	12.69	58.00%	0.82	03/07/2014
CPLA	Short	141.39	0.98%	7.25	142.94%	0.69	03/07/2014
GNI	Short	29.69	0.00%	7.06	70.59%	-0.25	03/07/2014

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
XAR	Long	33.89	1.13%	10.81	54.11%	0.42	03/07/2014
XLU	Short	164.08	0.20%	10.70	53.53%	-0.32	03/07/2014

TradeProphet Triggers

XAR - S&P Aerospace & Defense Select Industry Index

XLU - Utilities Select Sector SPDR

(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 –Clouds in the horizon…the picture is bullish but it used to be VERY bullish, 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.