How this Week’s Premium Top 10 Performed, May 31, 2024
- Posted by Greg Harmon
- on May 31st, 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.
Six of the 10 trades triggered this week, and 5 were closed before the bell Friday. That left a trade open in Intuitive Surgical. Three trades were closed at break even, 1 for a gain and 1 for a loss. An equal weight portfolio gained 47.8bp on the week, using 60% of capital. This outperformed the SPY, the IWM and 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 +12.54%.
Start of Summer Annual Sale! Hi all the Start of Summer Annual Sale is on at Dragonfly Capital. Get an annual subscription for 38.2% off or pay quarterly for 15% off. Both auto-renew at that discounted rate until you decide to leave.
If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.
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)