Portfolio & Market Update for 3/7/2023 - Day 5
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 5th 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’re still trying to get more subscribers to this Substack so if you haven’t joined, please consider subscribing for FREE or PAID if you’d like to show your support for the ongoing work. If you think someone else would enjoy this Substack, consider sharing!
Market Update:
Markets saw an aggressive red day today. We started the day flat but soon sold off as Jerome Powell took the stage around 10 AM. He commented that rates could go “higher” which the market did not like. He is still scheduled to speak tomorrow so the markets will likely be muted til then. We may even see a rally post his comments because the markets generally like to get ahead of any anticipated news. If the market feels his message is consistent and his comments priced in, we could see a green close tomorrow. With that said, S&P500 ETF “$SPY” is now trading roughly 5% below its recent highs that came in on 2/2/2023. We’re also trading below the 20-day moving average.
Here is today’s chart which doesn't have much green. It was a clear sell-off day but the good news is, the Russell 2000 and Nasdaq QQQs fell less than SPY so there could be small cap momentum going into the remainder of the week which is what we prefer anyways. Let’s see what tomorrow has in store for us!
Our Outlook:
We are still very much BULLISH on this market. Let’s hope things turn positive starting tomorrow!
While we are not always overly concerned about the markets, it’s important to keep a pulse on things. A drastically swinging market can certainly impact everyone including our portfolio, we strive to trade in a way that takes our portfolio away from correlation with the overall market. Until we succeed in doing this, our portfolio will usually perform similarly to the market.
Now, because our goal is to outperform the market we need a few days of momentum that shifts the correlation away from the market. In a falling market, we are happy if we only lose as much as the market or slightly more, but a few days of an uptrend can give us a strong push-up far exceeding the performance of the market. We patiently wait for these kinds of days and look to sell our portfolio when we get them back to back.
That said, even though things can go either way in the market we hold our portfolio and wait for some momentum to the upside.
Updated Portfolio Performance Evaluation (Day 5 of Challenge):
Below you’ll find our portfolio “The Ai Challenge Portfolio”. This was generated by our Ai Algo Rank and Prediction tool on 2/28/23. 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. (We won’t update this today but our list from yesterday is just as good)
FOLLOW OUR NEWER POST FOR THE LATEST UPDATES!!!
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