Saturday, October 2, 2010

Weekend Update 10-1-10

Starting out with the spx projection this week. According to this, next week doesnt look pretty from a bull's perspective, but these things have been known to invert which would not surprise me in the least.



Below is the trading test results. Last week proved to be more in line with expectations. For a $25,000 portfolio, I would hope one could see an average daily return of about $50. Nice pocket change, but key to it all would be consistency which hopefully will be proven over time.

Note that I have made a few adjustments to some of the stock signals. These are actually improvements to performance....one of which was a quicker trigger on cnxt using a short sma crossover of a slower ema. The change put cnxt into a buy mode on9/21 at $1.48. Because this system is still in test mode and I want to find the "best" fit for all stocks, these kind of changes will happen for the first couple of months I would assume. All for the betterment and performance improvement. Stocks to watch on the long side moving forward here I think will be cnxt, gfre, nxwi, mmrf. Also note that I have added a cash line on row 33. Basically this is the result of reversing from short to long on cnxt, and in real time, real life this would represent spendable gains on the account. Keep in mind that we are always invested $5,000 on each stock, so gains have to go somewhere...right into a pocket. :)

My original concept here, in case you forgot, was to take a small, fixed amount of retirement cash ($25,000) and keep it invested in a somewhat aggressive mode. Still a few years away from hanging up the slide rule, I want to test a method of doing just this. Take some pressure off the retirement account and make "frivolous" expenditures in retirement an easier decision to make.

If you're nervous right now and looking down, here's some potential stocks out of this list that have had good runups and might be due for a correction (after the signal is received of course): TQNT, EXAS, KMKCF.OB Again, dont jump in, wait for the signal.



And, of course, the weekly tide chart. No words needed here. :)