Top And Bottom Performing Stocks For Week #43
It is Sunday afternoon and that means we get to review the performance of last week’s historical top and bottom stock symbols in the S&P 500. As you may recall these symbols are the result of parsing a database containing over 50 years worth of statistical performance data. The idea is to extract the prospective top ten winners and losers of the coming week purely based on historical statistics. The result is then sorted by liquidity and any symbol that is scheduled to report earnings or pass ex-dividend is being excluded.
How To Trade Along
Although being no guarantor of success, the long and short candidates posted here each week are intended to perform along their respective historical bias. One way of trading along would be to simply create a small one-week portfolio by buying the long candidates and selling the short candidates on Monday morning shortly after the open. There are no official stops or targets and all transactions are reversed Friday afternoon right before the bell.
Results For Week # 42
Alright, so SPLS had to be dropped as it either stopped trading or something else is going on there. Incidentally I spent quite a bit of time adding Nasdaq, AMEX, and NYSE symbols, extending our stock trading universe from 500 to 6765 tickers. This should do wonders in keeping our long/short portfolios nicely balanced going forward, so rejoice!
Long Profits: MSFT=1.7, C=1.97, FITB=1.92, CMCSA=3.36, BMY=-1.33, SBUX=-2.06, MAT=1.46, GLW=1.08, SYMC=0.93
Long Profits Total: 9.03
Short Profits: NEM=2.07, TXN=-1.7, STZ=-1.29, TSS=-0.3, GD=-0.24
Short Profits Total: -1.46
Combined Profits Total: 7.57
The shorts didn’t do too well but the longs once again pulled us ahead of the curve, adding another 7.57 percent. I’m very much starting to enjoy this new addition to our trading arsenal