The Russel 3000 index hovered above and below its 200 MA this week. No buy or sell for either strategy.
This has been a losing week. Its hard watching individual stocks that I bought go down 5-7% a day. Don't think there is anything wrong with the strategies - both of them concentrate on small caps, which have had a rough time.
On a day to day basis, most stocks follow the index. Both strategies seem to pick high beta stocks - if the index goes up or down by 1 or 2%, the stocks each go up or down 2 to 7%. Just magnifying the index result.
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1 comment:
Keep it up. Happy trading.
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