Daily long/short signals for S&P 500 stocks. Access to article requires DLPAL LS Signals subscription.
Recap for May 18, 2020
The S&P 500 index rose 3.2%.
The long/short strategy lost 0.4% from open to close of the day.
The SPY ETF rose 0.7% from open to close of the day.
Strategy drawdown from equity peak on April 15, 2020, is 5.8%.
Strategy maximum drawdown was 5.8% on May 14, 2020.
Since first report on March 5, 2020, the long/short strategy is gaining 14.8%*
The S&P 500 is down 5.6% since March 5, 2020.
Correlation of strategy and S&P 500 returns: -0.143
Below is the equity curve for S&P 500 long/short signals from 03/05/2020 to 05/18/2020 based on backtests. The equity line (black) represents the growth of the average daily change of all signals from open to close of the day. Buy and hold performance is also shown (red) along with the correlation of the daily returns.
Signals for May 19, 2020
* Performance is based on backtests. Actual performance may vary in any direction due to high volatility periods, slippage, commissions and other know or unknown factors that may affect trading performance.
Disclaimer: The signals are generated by DLPAL LS software and are provided as an educational trading tool for informational purposes only and do not constitute investment advice. We do not warrant the accuracy, completeness, fitness or timeliness for any particular purposes of the DLPAL LS signals. Under no circumstances the DLPAL LS signals should be treated as financial advice. The author of this website is not a registered financial adviser. Before subscribing read our full Disclaimer and Terms and Conditions. Acceptance of terms and conditions is required before subscribing.