Auckland Harbor, New Zealand
US Equities gained ~0.9% in the past week led by the Utility (XLU) and Health (XLV) sectors with Technology (XLK) in third place:
On Tuesday a position in XLV was added to the portfolio as momentum (in negative territory) crossed above it’s 14-period Wilder Moving Average following a positive acceleration signal at the end of last week:
This is a “Bottom-fishing” Mean Reversal signal resulting in the following adjustment to the portfolio (red box):
Notice the 40% Internal Rate of Return (IRR) over the period to date (~5.5 months) and this comes with ~15% volatility.
Performance looks like this:
… ahead of the broader market benchmark (SPY) and relatively smooth over the last 2 weeks where we have seen some hesitation in the benchmark. The portfolio is ~100% fully invested in the four ETFs presently held in the portfolio:
The current analysis sheet looks like this:
and, although Utilities showed strong performance over the past week the momentum/acceleration graphs are not suggesting a buying opportunity in the immediate future:
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