Sell signal for the growth stock index this week

We are finding that the current market environment is not favoring growth stocks. We got a sell signal for the growth stock index this week. Even though SPY is QQQ are showing long term buy signal it would be a good idea to pare down holdings of your growth portfolio and raise some cash.

The pages using 10/28/2016 data have been updated. Click on the tabs to view the results.

Smart Beta Index using the Final Grade factor

Historical performance of stocks with Final Grade factor of 9.5 or higher is plotted on “Model List of Growth Stock Ideas” tab. Its performance is compared to SPDR S&P 500 ETF Trust (Ticker: SPY). 

This performance chart will be updated every week.

The chart is showing extremely good performance which indicates that the Final grade factor is very good at filtering good growth stocks.

This creates a Smart Beta Index using the Final Grade factor.

A new page has been added to the web site called “Summation Index”

The weekly pages have been updated. Click on the tabs to see the latest information. A new page has been added to the web site called “Summation Index”. Summation Index was created by Sherman McLean and represents the daily advancing and declining stocks on the NYSE.

Prices for both the medium term and short term are extended

Even though we have a buy in the long term signal, and also a buy in medium term, prices for both the medium term and short term is extended. This is reflected in the numbers where 70% of the stock are above their 200 day moving average and 40% of the stocks are above their 50 day moving average. Once these numbers come down and the long term buy signal is still intact, that would be a time to add money to your portfolio.

Long term BUY signal on all major Market indexes

We have a long term BUY signal on all major market indexes.  This information is displayed on the left side bar under “Long Term Signals”.

The site has been enhanced further with two new tabs added.

1.      “Growth Stock ideas to look at updated 9/30/2016”. This tab is updated weekly and gives a list of Growth Stocks worth liking into.

2.     “Check your Stock Grades”. With this tab you can check the grades of the stock by entering the ticker symbol.