Subject: Re: Managing Risk with Saul Picks
hiphop asked:
Is the idea to do an average of this along with the SaaS and Cloud ETFs to generate the short term transitions?
No. What you need is to find technical analysis indicators that identify points of extreme on the overbought and oversold sides. You do this for every stock in the universe and then average their readings to arrive at a consensus. Once you've done that you simply determine thresholds for buy and sell. Here are the values I use for the first month and a half of this year.
Average Average
Date BULL BEAR Signal
1/3/2023 0.80% 30.09% SELL
1/4/2023 13.27% 27.79%
1/5/2023 45.89% 3.48%
1/6/2023 54.35% 4.06% BUY
1/9/2023 14.81% 16.91%
1/10/2023 11.17% 7.51%
1/11/2023 2.08% 29.25% SELL
1/12/2023 2.22% 29.46%
1/13/2023 1.49% 15.89%
1/17/2023 0.81% 39.61%
1/18/2023 1.95% 12.45%
1/19/2023 35.57% 2.15% BUY
1/20/2023 9.60% 6.29%
1/23/2023 2.35% 33.24% SELL
1/24/2023 2.08% 12.57%
1/25/2023 16.26% 2.60% BUY
1/26/2023 1.76% 29.73%
1/27/2023 4.72% 30.79% SELL
1/30/2023 8.14% 2.54%
1/31/2023 7.07% 8.60%
2/1/2023 0.58% 53.60%
2/2/2023 0.58% 83.79%
2/3/2023 4.77% 3.22%
2/6/2023 13.92% 3.06% BUY
2/7/2023 28.61% 3.05%
2/8/2023 14.12% 4.68%
2/9/2023 23.14% 9.33%
2/10/2023 48.73% 5.70%
2/13/2023 21.83% 2.07%
2/14/2023 13.00% 7.33%
2/15/2023 4.00% 32.48% SELL
Trading Results
This is based on holding all the Saul picks long during a buy and selling all them short during a sell.
Date Signal % G/L
1/3/2023 SELL 9.48%
1/6/2023 BUY 7.55%
1/11/2023 SELL -0.08%
1/19/2023 BUY 9.08%
1/23/2023 SELL 2.99%
1/25/2023 BUY 8.18%
1/27/2023 SELL 1.11%
2/6/2023 BUY 14.69%
2/15/2023 SELL 11.39%