Daily Watchlist · On Our Radar · Portfolio Update

2016/11/11 – Portfolio Update

Quantitative Strategy – Automated Portfolio Update

Performance

ASSET CLASS TYPE LONG or SHORT DAILY % MTD % QTD % YTD%
Equities Short-Term Long Only        
0.09% -1.22% -3.93% 42.37%
    Short Only        
      -0.53% -3.61% -3.91% 30.41%
    Long/Short        
      -0.17% -2.06% -3.84% 37.85%
  Medium-Term Long Only        
      1.09% 0.33% -3.62% 17.12%
ETF Short-Term Long Only        
      -3.56% -0.35% -2.45% 28.52%
    Short Only        
      -1.13% -4.02% -1.92% 4.88%
    Long/Short        
      -2.25% -1.03% -1.61% 28.52%
  Medium-Term Long Only        
      -0.34% 1.55% 0.51% 26.05%
Futures Short-Term Long/Short        
      0.89% 2.41% 5.81% 12.37%
FX Short-Term Long/Short        
      -0.10% -0.10% 1.79% 16.90%
SPX Benchmark Index          
      -0.14% 1.80% -0.18% 5.90%
             

Daily Trade Signals

Equities Short-Term Long
SYMBOL TRADE TYPE NEW/EXIT POSITION DAILY CLOSE INITIATE DATE INITIATE PRICE PNL
ADM Contrarian New 41.73 2016/11/11 41.73  
0%
 
AEP Contrarian New 59.99 2016/11/11 59.99  
0%
 
GPN Contrarian New 69.49 2016/11/11 69.49  
0%
 
PM Contrarian New 88.95 2016/11/11 88.95  
0%
 
ABBV Contrarian Exit 63.1 2016/10/31 55.78  
13.12%
 
IVZ Contrarian Exit 31.2 2016/10/31 28.09  
11.07%
 
MMM Contrarian Exit 175.08 2016/10/31 165.3  
5.92%
 
AMZN Contrarian Exit 739.01 2016/10/28 776.32  
-4.81%
 
TRV Contrarian Exit 110.28 2016/10/26 108.82  
1.34%
 
Equities Short-Term Short
SYMBOL TRADE TYPE NEW/EXIT POSITION DAILY CLOSE INITIATE DATE INITIATE PRICE PNL
COG Contrarian New 21.33 2016/11/11 21.33  
0%
 
FCX Contrarian New 13.94 2016/11/11 13.94  
0%
 
PAYX Contrarian New 56.68 2016/11/11 56.68  
0%
 
MAS Momentum Exit 31.27 2016/11/7 30.27  
-3.30%
 
UAL Contrarian Exit 60.25 2016/11/7 58.53  
-2.94%
 
Equities Medium-Term Long
SYMBOL TRADE TYPE NEW/EXIT POSITION DAILY CLOSE INITIATE DATE INITIATE PRICE PNL
ADM Contrarian New 41.73 2016/11/11 41.73  
0%
 
EXPE Contrarian New 121.2 2016/11/11 121.2  
0%
 
VG Contrarian Exit 6.35 2016/10/14 6.2  
2.42%
 
ETF Short-Term Long
SYMBOL TRADE TYPE NEW/EXIT POSITION DAILY CLOSE INITIATE DATE INITIATE PRICE PNL
EWP Contrarian New 25.85 2016/11/11 25.85  
0%
 
GDXJ Contrarian New 34.24 2016/11/11 34.24  
0%
 
IAU Contrarian New 11.83 2016/11/11 11.83  
0%
 
JNK Contrarian New 35.13 2016/11/11 35.13  
0%
 
ETF Short-Term Short
SYMBOL TRADE TYPE NEW/EXIT POSITION DAILY CLOSE INITIATE DATE INITIATE PRICE PNL
IJH Contrarian New 156.07 2016/11/11 156.07  
0%
 
IWO Contrarian New 149.6 2016/11/11 149.6  
0%
 
ETF Medium-Term Long
SYMBOL TRADE TYPE NEW/EXIT POSITION DAILY CLOSE INITIATE DATE INITIATE PRICE PNL
FXI Contrarian Exit 35.98 2016/10/17 37.25  
-3.41%
 

Portfolio Commentary

The Trump trade continues unabated and gets ever more overstretched. We are in the camp last week’s spectacular moves are overdone and retracements are due. Hence we are positioning ourselves by buying heavily oversold sectors such as Gold, bonds and technology names, and selling small caps in our short-term portfolio. Obviously a highly contrarian view on some highly volatile names, hence we advise using the Volatility measure in our WingDashboard to help you size your positions.

 

Chart in Focus

EXPE   –  Short-Term Long

Target: 125.63

Entry Point(s): 121.2

Comments: Plunged in sympathy with rest of technology sector, and dropped right to channel breakout where it should find strong support. Expecting quick bounce to 20DMA.

20161114-EXPE.png

 

JNK  –  Short-Term Long

Target: 35.6

Entry Point(s): 35.13

Comments:  Plunged along with bonds to deeply oversold conditions but should find support at the multi-year inverse H&S breakout area

20161114-JNK.png

 

FCX  –  Short-Term Short

Target: 12

Entry Point(s): 13.94

Comments:  Squeezed right to May swing high in extremely overbought conditions which most likely follow with sharp retracements. Good risk-reward short with stop above 15.

20161114-FCX.png

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