DIYQuant System US Market Analysis for Next Week 5th - 9th Feb 2018 [No More Buying until Correction]

This week US market selloff was something we have not seen for a while. Dow Jones shed 666 points in a week,.first time since June 2016 despite the strong job report. The key reason is rising interest rates with the benchmark 10 years Treasury yield reaching 2.85%.

This week the system sold off another stock ALSK for a loss of 15.38%. Currently it is holding 4 stocks and the current portfolio %P&L+Div stands at +14.37%. Here is the remaining stock %P&L+Div that I shared freely in 2017.

NVFY +27.61%

Market-wise, the total number of stocks in the uptrend dropped from 75% to 71%. Since 2 weeks ago, the system has deemed the current market to be too expensive and stopped adding positions to the portfolio until the next correction or consolidation. Though the proportion of uptrend has drop 4%, the system does not deem the overall uptrend has reversed. Further decline is required to confirm. We will see next week. Have a good rest this weekend.

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