We’re up 6.7% in 2 weeks while the S&P was down 3.2% in the same period
So far our algorithmic trades are doing quite well, especially when compared to the major global sell-off in the past few days. As of today we’re up 6.75% on our picks, this after being up as much as 10% as of Friday. Not bad when you consider that the S&P index lost 3.2% in the same period.
Symbol: SKT (NYSE)
Signal: LONG – 1/15/2014
New LONG signal on SKT based on a profitable trading pattern going back to January 2013. Vanguard has increased their existing position by .5 % as of 9/30. This is a retail stock – a sector which has experienced high volatility since December based on weak Black Friday sales figures, however the algorithm is calling for further upside.
Supporting research:
http://video.cnbc.com/gallery/?video=3000235825&__source=yahoo|headline|quote|video|&par=yahoo
SKT Daily – click to enlarge