DIYQuant System US Market Analysis for Next Week 12th - 16th Feb 2018 [Cautious]

Since 3 weeks ago, the system has deemed the US market to be too expensive and stopped adding positions to the portfolio until the next correction or consolidation. The correction is here as predicted by the system and it has protected the portfolio by not adding more stocks to the portfolio. Check out this post on the system's call to stop buying https://diyquantfund.blogspot.sg/2018/01/why-am-i-so-concerned-with-proportion.html.

This week US market selloff continued with the Dow Jones having the largest drop since early 2016.  For the week, Dow was down 5.2%. On Thursday, Dow and S&P entered correction territory which is defined as a decline of at least 10% or more from recent highs.

This week the system sold off 2 stocks. One of it was NVFY which was shared freely in 2017 for a profit of 20.22%. Currently the system is holding only 2 stocks and about 75% in cash.

To learn the list of stocks the system buy and sell, please subscribe to DIYQuant Trading Journal.

Market-wise, the total number of stocks in the uptrend dropped from 71% to 61%. A market-wide downtrend is confirmed. So the system will be in defensive mode. As prices have come down the system will start to load up stocks when opportunities arise from now on. Have a good rest this weekend.

Check out the current system performance at https://diyquantfund.blogspot.com

To follow my system's trading journal, check out https://diyquantfund.blogspot.com/p/subscribe.html