DIYQuant System US Market Analysis for Next Week 29th Jan - 2nd Feb 2018 [No More Buying until Correction]

US indices continue to march north with S&P index rising 2.22% this week. With the weak dollar and the positive sentiment boost from the tax reform, it is no wonder we see such rampant exuberance in the US stock market that started at the beginning of this year. And now I am even more confident to say that we are already in a melt-up.

This week the system sold off 2 stocks namely LUNA and LRAD for a minute profit of 2.09% and 1.29% respectively. Currently it is holding 5 stocks. Below is the P/L of the 2 stocks that I shared freely in 2017.

NVFY +32.01%
ALSK -14.63%

Market-wise, the total number of stocks in the uptrend maintained at 75%. As per last week, the system has deemed the current market to be too expensive and stopped adding positions to the portfolio until the next correction or consolidation.

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