Year end closing

The year was ending on a high note, and then we get a change on the current trend, there has been a good overall return for everyone in the stock market. Today was a bit of a pullback, the bull might be taking a breather here, we can't expect to be on a permanent rally. The market has become overbought when the RSI is higher than 70, we might see a level off or sideways channeling going forward on the trades.

When the market is rising everyone can feel like a genius, now when the market turns from bull to bear, we can start getting that sinking feeling. We might have to go on a defensive move to go the G fund "pronto" and sit on the sidelines for a little bit. The MACD and 10-day moving average will be followed very closely tomorrow morning as we turn the page and put 2019 on the books as one with above-average returns (40%) give or take. A MACD convergence will signal the confirmation on the trend change.

The long term strategy is about minimizing the risk and avoid losing the big picture, stay tuned a trade alert might be on the near horizon.

Just in case tomorrow we don't get a signal confirmation...have a happy New Year and good returns to all! 

Disclaimer

Disclaimer: All ideas and material presented are
entirely those of the author, for educational purposes
only. They represent the sole opinions of the author,
and should not be interpreted as an offer or solicitation
of an offer to buy and sell securities. As an investor
remember you should always consult with a licensed
securities professional before purchasing or selling
securities of companies profiled or discussed on
the Palmettoquant.com blog. All our research is
purely academic in nature. We are not an investment
advisory service, nor a registered investment advisory
service, nor a registered investment advisor or
broker-dealer and Palmettoquant does not purport
to tell or suggest which securities or currencies readers
should buy or sell for themselves. The methods,
techniques or strategies outlined should not be
assumed to be risk free and past performance is not
an indication of future profit gains at any given
time moving forward. Carefully evaluate any strategy
before use to understand your personal risk
level and suitability when investing in the stock market.
Be aware that investing in the stock market is a very
risky process. All content on our blog website is for
informational and illustrative purposes only and
not to be construed as specific recommendations.

Mission & vision

Our mission: Educate and share our strategies and experience on making profits on the stock market from a combination of common sense, market developing trends, valuation fundamental and technical analysis. 

Vision: To make you successful in managing your
wealth and gaining financial freedom.

About Us

Palmetto Quant is an analytic and research consulting company,

the founder and CEO Felix Sosa Gaston is a Harvard trained data analyst and statistician with over 12 years of business statistical analysis track and we are currently based in Aiken South Carolina. We are set to share our knowledge and experience with you via this blog as we look to maximize opportunities to increase wealth and profits as we invest in the stock market. We had good returns thus far and we will be adjusting positions as we look for long term results. You will have a birds-eye view advantage on the journal of our experiences with the stock market research we conduct as it happens, with the strategies we had used as current trends develop and constantly change. The fluctuations on the stock market is a roller coaster ride that no one can perfectly time, yet trends can develop and strategies can be adjusted to minimize losses on our positions, that’s when we will use a combination of statistical models and tools, technical analysis, fundamental market analysis in order to achieve optimal results in the process moving forward.

Contact us by email at palmettoquant@gmail.com

Good returns for all!

Six trading days left

There are six trading days left for this calendar year, and it was a good one. Just after buying back on to the SPY, we had put a modest 1.46% gain on the books since the trade alert went up on 13 December 2019. For example, if we had a $39,000 capital invested on the SPY, we had made an approximate $568.26 in one week before any commissions or fees could be deducted. We are gaining profits thus moving in the right direction. 

We expect that this coming week we continue to roll into a positive end to the calendar year with a Santa Claus rally all the way into the new year. Geo-political events and news should slow down as the holidays, good news, or at least the absence of negative news influence in the market trading take a driving seat on the trading agendas for the average investors. Impeachment hiatus, NAFTA new deal, US-China phase one deal, all had influenced the current good trend. Let's keep at it.

Happy returns everyone!     

A mixed day in Main Street

Today we got a mixed day in Main Street, we mainly track the S&P 500 and today was a little on the flat end yet still a positive side of a long term trend as we look at the small decline with -0. 04% closing at 3,191.14 for today. We still recommend to stay the course at the C Fund for the TSP.

Individual stocks that we like to keep on a short list would be (ACA, AZUL, CDE, CZZ and CDAY ) for as long as their raising trend is confirmed with a 12 point gain on the first hour of trading tomorrow. We will follow up with our opinion if we had the chance to pull the trigger on these 5.

Until next time, good returns everyone!

Trade Alert

Trade alert: we are happy to let everyone know that we had confirmation today that the coast is clear and to go ahead and trade back to the C Fund on the TSP. The price value for the S&P 500 is up by 22.65 points for today and well above the simple moving average for the index at record high of 3191.45.

The MACD crossed over on Friday and today's gains confirmed the short term trend into the positive zone, so hopefully this indicates a possible Santa Claus rally might be underway.

Just to be sure, before we change over... wait for the first hour of trading before we commit to the trend as the market had been trading sideways and an increased divergence would be the defensive move we like to see by 10:30 with a gain of at least 12 points in the upward direction on the index (SPY).

Good returns everyone!   

The week ahead

This is our first week posting on the blog. The stock market had been good for us this year, now it has been flat for the past three weeks trading sideways. We are looking forward to come out of the sidelines on the G fund and move back to the C fund as we hope we get a Santa Claus rally and gain some momentum toward the New Year. Our strategy for the year gave us a good 39% yield.

The companies we picked over the summer time (T, WMT, MSFT, AAPL and GOOG) yield us 29.99% gains for the six month period. We look forward to US-China deal as stability is very much anticipated by many investors.

Thank you for reading and we will report back when there is a signal confirmation to trade... stay tuned for new updates.  Have a great week ahead.