Saturday, August 2, 2014

TradeProphet Weekly Report 02/08/2014

 

For the week, the S&P500 index opened at 1,978.25 and closed at 1,925.15, moving down 2.7%.

Looking at the support resistance picture (below)

image 
S&P500 index support resistance picture
(6 months)

Correction time, crossing the 1960 level indicates a short term correction(which may evolve to full blown long term correction), next level to watch is the resistance at 1950-1960 and the support at
1860-1870.

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

01/08/2014

QQQ

Short

39.35

0.00%

6.30

26.25%

-0.61

01/08/2014

QQQ

Short

30.19

0.00%

9.37

32.47%

-0.45

01/08/2014

^GSPC

Short

576.53

0.00%

8.72

27.05%

-0.61

01/08/2014

 TradeProphet Triggers

As clear as a whistle– stay out ,definitely open short positions ,if not opened 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

.

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

01/08/2014

XLE

Short

26.40

0.00%

9.51

49.07%

-0.31

01/08/2014

XLE

Short

24.26

0.00%

9.58

64.76%

-0.34

01/08/2014

XOVR

Short

20.38

0.11%

8.81

35.33%

-0.27

01/08/2014

XAR

Long

16.25

2.34%

10.56

68.64%

0.38

01/08/2014

 TradeProphet Triggers

XME - SPDR S&P Metals and Mining ETF

XLE - Energy Select Sector SPDR Fund

XOVR - The SPDR BofA Merrill Lynch Crossover Corporate Bond ETF

XAR - SPDR® S&P Aerospace & Defense 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 – shorting time, the correction is on, short opportunities should be taken, at least for the short (!!) term.

Happy trading,
The TradeProphet team.

http://3.bp.blogspot.com/-CghrZu_hYA8/U0qsknr9gEI/AAAAAAAACa0/ERXv3dIDoDE/s1600/TP_Complete.png

 

 

No comments:

Post a Comment