Dirac 2026 Portfolio Review: 10 April 2026

Singapore Harbour and Skyline

With a lot of volatility in the markets and the S&P 500 Index up ~3.6% from last week’s close let’s take a look at an analysis of the sectors that make up the Index:

The momentum/acceleration algorithm is generating Momentum Buy recommendations for XLB (Materials), XLF (Financials), XLI (Industrials) and XLV (Health) with Sell recommendations for the other six sectors including (XLE) Energy, that was held in the portfolio at the beginning of the week.

Energy took a hit this week as the possibility of a cease-fire and re-opening of the Strait of Hormuz had investors thinking that oil and energy prices would drop. The XLE (Energy) sector momentum/acceleration graph looks like this:

with strong deceleration (green line) and momentum (blue line) and momentum crossing below it’s 14-period Wilder moving average. This triggered a Sell for me on Wednesday as I exited my existing position with ~$860 profit in addition to the ~$840 profit taken on 1 April.

At the beginning of the week XLU was signalling a Buy recommendation – that I acted on and opened a position in this sector ETF. A Sell recommendation has since been triggered:

but, since short-term indicators (MACD and RSI – see red ellipse in top (analysis) screenshot) are both still positive and momentum is positive relative to the benchmark SPY Fund I have chosen not to Sell my holdings in this sector ETF right now – but to monitor it closely over the next few days.

XLV(Health) and XLI (Industrials) are two ETFs that were held, but with under-allocated positions, and are still suggesting Momentum Buy opportunities:

so I have added to these positions to better balance my holdings closer to equal weight. Trades this week look like this (red box):

and current positions look like this:

not quite balanced but a lot closer.

Performance to date looks like this:

with relatively low volatility and 22.5% IRR over the period since inception.

In addition I have this hedge position in SPX Options that expires next week (17 April):

This position has no risk, and may not be needed, but will provide at least a small profit of $320 even if markets remain strong.