Learn the Discipline

Learn the Discipline Model Portfolio Summary - Week 12 You can see all the positions opened in the Model Portfolio since March 10. Positions prior to March 10 are listed in earlier posts. If you are new to the blog there is a description in the February 7 post that details an overview of how the Model Portfolio is being run. You can read it by clicking here: http://chartsignals.blogspot.com/2009/02/coming-next-week_07.html All prior posts can be found in the left hand menu under Key Topics...Learn the Discipline. As of Friday April 24 the portfolio is 49.86% invested in stocks. The balance is in cash. The drop is stocks positions was a result of being stopped out of four positions this week: NTLS, MOS, MYGN, and BDX. We entered no new positions this week primarily a function of market action and Dave's focus on teaching a two day Advanced Technical Analysis Workshop in Atlanta. The total value of open stock positions is $80,963.87 and the total portfolio value is $162,383.49. The portfolio value increased this week while the SPX was down three points. There are now eight positions that have been open at least four weeks ranging in returns from -0.83% to +35.68%. The longer (six month) intermediate term trend in the market is still neutral or sideways. These eight trades are suggesting that the intermediate term strategy is working. As we have stated for the past several weeks the performance time period is still too short to be conclusive. The early results are still very positivie. The portfolio continues to outperform the SPX since February 2. The portfolio has mostly been less than 50% invested during its existence which means it has been taking less risk than the SPX which is fully invested. As a result the risk adjusted returns continue to be more than double the SPX. Full details on the positions can be viewed in the table below. (click image to enlarge)