Daily Watchlist · On Our Radar · Portfolio Update · Uncategorized

2016/11/02 – Portfolio Update

Quantitative Strategy – Automated Portfolio Update

Performance

ASSET CLASS TYPE LONG or SHORT DAILY % MTD % QTD % YTD%
Equities Short-Term Long Only        
-0.94% -2.39% -5.10% 41.20%
    Short Only        
      1.77% 3.25% 2.96% 37.27%
    Long/Short        
      0.14% -0.13% -1.92% 39.77%
  Medium-Term Long Only        
      -1.07% -2.26% -6.21% 14.53%
ETF Short-Term Long Only        
      -0.71% -0.61% -2.70% 28.26%
    Short Only        
      1.24% 2.33% 4.43% 11.23%
    Long/Short        
      -0.28% 0.22% -0.37% 29.77%
  Medium-Term Long Only        
      -1.12% -1.87% -2.92% 22.62%
Futures Short-Term Long/Short        
      0% 0% 3.40% 9.96%
FX Short-Term Long/Short        
      0% 0% 1.89% 17%
SPX Benchmark Index          
      -0.65% -1.33% -3.24% 2.64%
             

Daily Trade Signals

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Portfolio Commentary

Our Equities portfolio has gone long VRX, which had plummeted to new 52 week lows before a massive rebound with a bullish engulfing candle. Yesterday it retraced about 50% of the up move but we believe there should be further upside to come based on our statistical signal. Obviously a risky trade with substantial headline risk, so subscribers should understand the potential volatility and risk that it may plunge back to recent lows.

 

 

Chart in Focus

VRX  –  Short-Term & Medium-Term Long

Target: 25.46

Entry Point(s): 21.12

Comments:  50% retracement and backtest of broken down channel after a massive bullish engulfing candle. Should have further upside towards 50DMA area.

 20161103-VRX.png


 

KEY  – Short-Term Short

Target: 13

Entry Point(s): 13.95

Comments: Very overbought condition after closing way above boll band on the weekly chart, should pull back towards breakout area near 13

20161103-KEY.png

 

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