How this Week’s Premium Top 10 Performed, January 19, 2024
- Posted by Greg Harmon
- on January 19th, 2024
Each week I post the performance of the stocks that were given to subscribers the previous Sunday. All performance is measured against the plan given to subscribers.
All 10 trades triggered this week, and 1 was closed before the bell Friday. That left trades open in Akamai, Canadian National Railways, MercadoLibre, Norfolk Southern, Tractor Supply, Arch Capital Group, Gilead Sciences, IBM and Sherwin-Williams. One trade were closed for a gain. An equal weight portfolio lost 1.546% on the week, using 100% of capital. This beat the SPY and the IWM but lost to the QQQ. There are no triggers, stops or targets measured in the index ETF performance. Here is this week’s rundown:
The Premium Service does not advocate an equal weight allocation, but uses it as one way to measure performance. Equal Weighted Investment Yield assumes a buy at 1/10 portfolio size for each stock that triggers and accounts for stop loss triggers in the trade plan presented to subscribers (i.e. your performance would be better). If the security is labeled no trigger then our trade plan would not have executed a trade (i.e. you would have had no position).
Equal weight year to date performance is +1.78%.
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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Gregory W. Harmon CMT, CFA, has traded since 1986 and held senior positions including Head of Global Trading, Head of Product Development, Head of Strategy and Director of Equity. (More)