Tuesday, April 8, 2008

How The Subscriber Letter Fared In March

A little delayed I’ve posted below some statistics for the first month plus of the Subscriber Letter. March was a terrific month for the Letter.

Note - this is not a performance record. I do not make recommendations in the Subscriber Letter. This is simply a listing of trade ideas. Past performance is not necessarily indicative of future results. March may turn out to be the best month ever.

A few notables I should point out:

First, some trades ideas are scaled in to. Therefore you may see more than one position in the same security on at the same time. If the method calls for scaling in, it is most commonly done in up to 3 parts.

Subscribers also receive intraday updates on many open trade ideas. The intraday updates are not reflected in the overall statistics. For instance, I sent out an update on the XLV and PPH trades above on the morning of 3/7 when they gapped up. It indicated that certain targets had been reached and traders could consider exiting these trades prior to the Monday open when the “official” exit prices would be determined. Both trades were profitable at the time of the update. A similar scenario occurred with a few stock trades during March as well, where late-day selloffs and gaps down caused hits to the official stats, while many subscribers were able to fare much better.

Those interested in checking out the Letter in more detail may shoot an email to QuantEdges@HannaCapital.com and receive 3 free issues. Just include your name and email address.

1 comment:

Anonymous said...

Developed by Dr. Martin Zweig, the Breadth Thrust Indicator measures market momentum. The Breadth Thrust is calculated by dividing a 10-day exponential moving average of the number of advancing issues, by the number of advancing plus declining issues.

A "Breadth Thrust" occurs when, during a 10-day period, the Breadth Thrust indicator rises from below 40% to above 61.5%. A "Thrust" indicates that the stock market has rapidly changed from an oversold condition to one of strength, but has not yet become overbought. According to Dr. Zweig, there have only been fourteen Breadth Thrusts since 1945. The average gain following these fourteen Thrusts was 24.6% in an average time-frame of eleven months. Dr. Zweig also points out that most bull markets begin with a Breadth Thrust.