Portfolio & Market Update for 3/2/2023 - Day 2 of Portfolio Challenge
Comprehensive Analysis by our “Ai Engine” for Every Single Stock based on which, we provide Accurate Predictions, Market Insights, Previous Ranking Performance Evaluation, Key Risk levels, and More
Today was the 2nd 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!
We are still trying to get more subscribers to this substack so if you haven’t joined, please consider subscribing for FREE!
Market Update:
Markets are finally starting to see green. For the majority of the day, the markets were trading in the red but after 2 PM we saw the buyers back in action. Hopefully, this momentum continues as we near the end of the earning season. S&P500 ETF “$SPY” is now trading roughly 5% below its recent highs that came in on 2/2/2023.
Our Outlook:
We are still very much BULLISH in this market. The momentum we saw towards the end of the day, we expect to continue into tomorrow and next week. We have been buying the last several days into this weakness since 2/23/23 from our “STRONG BUY” recommendation list and now have roughly 70% of our portfolio invested into stocks from that list.
Portfolio Performance Evaluation:
This portfolio going forward will be referenced as “The Challenge Portfolio”. This was generated by our Ai Algo Rank and Prediction tool on 2/28/23 which is down a total of down -1.84% since inception. It went down -0.04% so basically flat for the day. A lot of times when end-of-day momentum comes through, it’s first seen in the large-cap stocks and the ETFs before it trickles down to the rest of the market.
I’ll continue to provide updates on this portfolio every day. It currently consists of 358 stocks that were listed as “STRONG BUY” by our “Ai Engine”. You can find the complete list of stocks in this portfolio by clicking the link below:
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The last time I created a portfolio like this was back on 11/04/2022, and by 2/2/2023 that portfolio gained 35%+(you can find a link to that below). We’ll try that again this time with the portfolio mentioned above!
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 also always have many positions in our portfolio at least 100 stocks at any given time to give us proper diversification.
Today’s Ai Algo Rank and Prediction Model (Refreshed: 3/2/2023):
FOLLOW OUR NEWER POST FOR THE LATEST UPDATES!!!
Histroical 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