The S&P500 gained 7.24% in July versus a gain of 0.62% for the Power Dip system. This is no surprise, as the system performed similarly in 2003 after the bottom was put in and the bull market roared ahead.
On Monday’s open, STMicroelectronics N.V. (ADR) [[STM]] and Union Pacific Corporation [[UNP]] will be sold, gaining better than 1% each.
This will leave six positions, and so the model portfolio will purchase two more positions on the open, from the following twelve signals:
[[AGNC]] , Aspen Insurance Holdings Limited [[AHL]] , athenahealth, Inc [[ATHN]] , ATMI, Inc. [[ATMI]] , [[AVNR]] , Baldor Electric Company [[BEZ]] , Intermec Inc. [[IN]] , KapStone Paper and Packaging Corp. [[KPPC]] , Novell, Inc. [[NOVL]] , Patterson-UTI Energy, Inc. [[PTEN]] , REGAL-BELOIT CORPORATION [[RBC]] , and TEKELEC [[TKLC]]
From these choices, the model portfolio will be buying BEZ and PTEN on Monday’s open.
Vacation!!!
My good friend and fellow system trader Brandon will be updating the blog with the Power Dips this week as I will be on vacation. Feel free to ask him questions in the comments section, but since blogging is not his primary endeavor, don’t be surprised if there is not a prompt reply, or any reply at all.
Enjoy the vacay, life is short. Thanks for the wisdom
Will be Brandon be posting any trading systems of his own?
Ryan, I doubt it, but maybe he’ll surprise me. Although if you haven’t read his stuff before, you can check it out here: http://www.ibdindex.blogspot.com/
He has not updated that blog in a long time, but look in the right sidebar under “Backtesting Studies” and you will find some top-notch work.
Enjoy!!!