SmarTrend Weekly Performance Statistics
Last week we saw a reversal from the prior week as the number of Uptrends outpaced the number of Downtrends. Consistent with the current state of the market, the SmarTrend Ratio (% of Uptrends vs. total trends) continues to vacillate in the high 70% range although off the highest levels for the year. The best Uptrends continue to outperform as the average Uptrend is now topping 44% in return since the Uptrend alert. This is a high for the year which provides us with further evidence that the market continues to favor the stocks that have led the broader market during this now 6-month old rally. Total number of Downtrends, and average Downtrend performance, remains relatively steady as investors have not yet found a sufficient catalyst to sell their winners or to increase bearish bets. Perhaps the market awaits third-quarter earnings reports or additional macroeconomic data before bets - in either direction - are made. We eagerly await the results and will be sure to notify subscribers if any changes in trend occur in their portfolio holdings.
So how many stocks do you suggest? 5, 10, 15? you show 3705 in uptrend and 1016 in downtrend?
you are looking at an old post. see the very top, 3,965 in an Uptrend.
The # of stocks is difficult, the more diversification the better, typically speaking