Aug. 20 at 1:15 PM
$IYH $TMO $DHR $SPY $QQQ
Raised Cash Yesterday on Healthcare Rally
Yesterday the healthcare sector popped higher on Moderna with a successful drug trial. The healthcare stocks were steadily rising in the ranks of confidence in the week leading up to this rally. I owned TMO, AMGN, HUM, MRNA, WAT, BIO, SYK, DHR among a few others. I was relatively light on tech although I added some during the day yesterday, and I liquidated some older trades.
I did a somewhat of a full circle this week. I started the end of last Thursday at 22% long, got up to ~70% Tuesday's close going into Wednesday, adding each day. Then after yesterday's exits got back down to ~21%
I'm sticking to the list today. More tech has showed up, still a lot of healthcare. The model that kinda dropped off was the QB500 model in the number of high ranked picks. The market seems weak. I'm going to pick my spots on the open and stick to the models. I'll probably keep take profits pretty tight still. If the rates get under control and stabilize, I don't think we break down. QQQ is doing a lot of consolidation above 700 and below its old high, which is healthy. Using cash as a hedge instead of looking at anything short.
The first image is Today's Picks from those same models. Combined list, ranked by confidence. The process is I choose a bunch of stocks from that list and batch trade them in groups. Set an entry and multiple ways to exit. Take profits in a step ladder for 0.5%-1% positions. So stock XYZ may get 3 lots of 1% with take profits at 2,5,7% as well as a Market on Close liquidation at the end of the model target (if enabled). This clears out trades that have neither hit the stop loss or the take profit for multiple days.
The second image is a history of these models combined. Had you just opened Today's Picks every day and bought the top 20 at 1% per position at the opening price and held through the target date(no take profit), this is how it would perform.
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