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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (15790)4/10/2014 9:31:51 PM
From: John Pitera  Read Replies (2) | Respond to of 33421
 
The GFA Alpha Mechanical Trading System entered it's first 2 positions today. THE QID AND BIS which are both ETF's that one buys when one is bearish on the market sector.. and in this case the market overall.

the QID is NASD 100

the BIS is the Biotech Index

account has $100,000 in initial equity.

at 3:52 PM the system generated two buy signals of bear ETF's

$30,000 was deployed by purchasing 1530 shares of the BIS at $19.6 with a simultaneous 5% stop loss of $18.62

$30,000 was deployed in purchasing 488 shares of QID @ $61.45 with a stop loss of 5% at $58.38

so 60% of the account equity is being utilized and the risk to the account is $3000 or 3% of account equity

The Alpha system indicated that these 2 ETF's have upper quintile risk reward features compared to the energy or SOX ETF's

John

this a repost but does not have the chart at the top of the page...... how do I place charts so they are in the middle or the bottom of the page?

many thanks

JJP