IWM rose by 2.2% this week, while my account rose 1.1%. The loss-floor has risen to -5.6%.
US market news: On Wednesday, Federal Reserve chairman Bernanke announced that he was not ready to “taper” off the $85 billion of newly-printed money going into the stock market each month. This is effectively an admission that the US economy is not doing well and needs continued life-support to prevent the lifestyles of the rich and famous from collapsing along with everyone else’s. Markets jumped on the news, but there will probably be a major correction soon.
|End of week allocations:
|Buy date||Buy price||Sell date||Sell price||Acct Profit|
|ATML||AU 29 09:30||$7.32||SE 04 09:30||SE 20 10:14||$7.32||$7.65||-0.03%||+0.39%|
|URTY||SE 04 11:00||$60.82||$60.80||(Not yet)|
|FNSR||SE 10 09:30||$23.53||(Not yet)|
|UWM||SE 13 09:30||$69.80||(Not yet)|
ATML: Raised the stop again for Monday, and again for Thursday, and again for Friday — when it stopped out. I tend to make my manual stops too tight; we shall see if this was a good move. Anyway, I earned +0.4% on a trade that would have been roughly break-even if the robot system had worked properly.
ATML, YHOO: Both of these have been doing very well recently. I held ATML due to a mistake, but didn't hold YHOO because the robot sale went through properly. This shows how nasty the SMA(q) rule is: if price jumps and then hugs the SMA line on the way up, my robot will just sit on the sidelines. I wish I didn’t need the SMA(q) rule, but otherwise the robot would have suffered extreme losses during some historical periods.
MACD-based trading model
I cannot get the double-TRIX model to produce decent results for SRTY, so I have switched it back to the double-MACD model.
|Year||Results (using 10% tranche)|
The "2008" tuning is the old one, based on 2008‥2011 with no indicator ramp-up period (because that was all the data I had then). The new "2007" tuning is based on 2007‥2011 with the last two months of 2006 for ramp-up.
Unfortunately, the new tuning works well only for the years on which it was tuned. Losses for earlier years are excessive. This needs more work.