Big Stock Market Down Day - 3/9/2023 - Day 7 for Ai Challenge Portfolio
Comprehensive analysis by our “Ai Engine” for every single stock based on which, we provide accurate predictions, market insights, previous prediction's performance evaluation, key levels, & more...
Today is the 7th trading day after I announced the launch of our AI-Based Algorithmic Stock Market Ranking and Prediction tool, that post is titled: Introducing a New AI-Based Algorithmic Stock Market Ranking and Prediction Model: The Ultimate Tool for Smart Investing!
Market Update:
Markets saw an aggressive red day today, the biggest sell-off since I started this Substack about 7 trading days ago. We started the day in the green but around noon the sell-off intensified. This was likely due to SIVB 0.00%↑ (SVB Financial) crashing and the anticipation of the jobs report that is scheduled for tomorrow. While no one knows how the future will play out, the stock market really doesn’t like too much uncertainty. When there is short-term uncertainty, investors prefer to sell off their holdings and go to cash hence we get days like today. With that said, S&P500 ETF “$SPY” is now trading roughly 7% below its recent highs that came in on 2/2/2023. We’re also trading significantly below the 20-day moving average.
Today’s chart doesn't have much green again. It was an intense sell-off day with all indices falling big time. I’m hopeful that tomorrow offers some kind of relief as today's selling seems a bit overdone.
Our Outlook:
We are still very much BULLISH on this market. The levels where the market is currently trading are more often than not, a great entry opportunity. If you look at the image below, you see the current price is around the lower end of my Bollinger-band which often tells me that there may be pockets of the market in which we may find great opportunities. My algorithmic model also attempts to detect trends and with green days on March 2nd and 3rd we were almost on our way to an uptrend before Jerome Powell’s commentary earlier this week stopped it. This recent sell-offs is what I like to call a “second wave of selling and oftentimes, I buy more stocks with the arrival of this new wave. I only do this because I have no objection to holding my positions for weeks to months. During this time, all I’m waiting for is a few days of strong upside momentum to turn things around and that kind of momentum can come at anytime.
That said, things can always go against us in the stock market but through all of that, we hold on to our diversified portfolio of undervalued/oversold stocks.
Updated Portfolio Performance Evaluation (Day 7 of Challenge):
FOLLOW OUR NEWER POST FOR THE LATEST UPDATES!!!
FOLLOW OUR NEWER POST FOR THE LATEST UPDATES!!!
The last time I created a portfolio like this was back on 11/04/2022, and by 2/2/2023 (roughly 3 months) that portfolio gained 35%+(you can find a link to that below). We’re trying that again with the portfolio mentioned above. We have done this many times but are now officially tracking everything, which is precisely why we created this Substack.
Our Risk Management:
A few things to keep in mind is that we never trade earnings. This means that we avoid entering into new trades with a stock that is scheduled to release its earnings report within a few days. Additionally, if an earnings report is approaching we’ll close the existing positions beforehand. Lastly, We ALWAYS advocate for a highly diversified portfolio. We recommend having at least 100 stocks at any given time to get proper diversification. You can opt for a lot less diversification if you are trading large-cap stocks but with small and midcap stocks, 100 is the minimum.
Ai Algo Rank and Prediction Model (Refreshed: 3/6/2023):
Below you’ll find our latest predictions. If think is the first time you are coming to our Substack, you want to look at the following link to our latest predictions. (I won’t update this again today as I have to run out but this should still be good)
Historical Performance:
Historic Performance Evaluation from 11/4/2022 to 2/2/2023:
Historic Performance Evaluation from 11/30/2022 to 2/2/2023:
All the models above are currently published on Google Sheets.
Posting Schedule:
Every trading day, between the closing bell of the market and midnight, We’ll post a new refreshed AI-based Algorithmic Stock Market Ranking and Predication Model & Previous Ranking Performance Evaluation exclusively for the Paid Subscribers Only.
Every Tuesday, we’ll provide the same refreshed model for FREE to all our subscribers, both paid and FREE. If you're a FREE Subscriber, we encourage you to join our 7-day trial to access this valuable information. You'll be glad you did! Join us on this journey towards smarter, more informed investing. 💰🚀 #AIinvesting #stockmarket #investmentpredictions #smartinvesting