Market recap, open positions, new signals, and performance of six trading strategies. Tactical asset allocation, mean-reversion, cross-sectional momentum, and equity long-short. Access the full report with a Market Signals or All-in-One subscription.
- For updates on the two monthly strategies on March 1, 2024, click here.
- The monthly updates of the hybrid asset allocation and dynamic momentum signals are free for Market Signals subscribers. The last update was on March 1, 2024. Click here for more details.
Contents
1. Market Recap and Comments
2. Ensemble Performance
3. Positions and Performance of Strategies
4. Signal Summary for Next Week
1. Market Recap and Comments (February 26–March 1, 2024)
The ensemble of the six strategies gained 0.7% this week. Cross-sectional sector ETF momentum gained the most, up 1.5% for the week, and the year-to-date performance of the strategy increased to 7.3%. Dow 30 weekly mean reversion gained 1% and is up 7.1% year-to-date. All in all, it was a good week for the strategy ensemble, as all assets were up during the week.
Large-cap stocks (SPY) gained 1% for the week. The equal-weight S&P 500 ETF (RSP) finished the week with a gain of 1.2%, and the market breadth improved further. International stocks (VEU) ended the week with a gain of 0.5%.
The bond market initially came under pressure earlier in the week but rallied on Friday due to weaker-than-expected economic reports. The TLT ETF gained 1%. The DBC ETF was up 1.7%, primarily due to a rally in crude oil. Gold (GLD) also rallied to end the week with a gain of 2.3%. The US dollar (UUP) finished the week unchanged.
Since 2017, there have been 13 weeks when all assets in the above table finished the week with gains. Those are marked with green arrows in the SPY ETF weekly chart below.
|
This post is for paid subscribers
Already a subscriber? Sign in |
Access the full report with a Market Signals or All-in-One subscription. By subscribing, you have immediate access to hundreds of articles. Market Signals subscribers have immediate access to hybrid asset allocation and dynamic momentum monthly signals and more than two hundred articles in the Premium Education section, and All in One subscribers have access to all premium content (except daily mean-reversion signals.)
Charting and backtesting program: Amibroker. Data provider: Norgate Data
Disclaimer: The Premium and Weekly Signals are provided 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 Premium and Weekly Signals. Under no circumstances should the premium or weekly signals be treated as financial advice. The author of this website is not a registered financial adviser. Before subscribing, please read our Disclaimer and Terms and Conditions.
Copyright notice: Any unauthorized copy, reproduction, distribution, publication, display, modification, or transmission of any part of this report is strictly prohibited without prior written permission.
