RTA Extension: Intra-Week Trend & Consistency Calculations

SYNOPSIS
Gains continued on most of the major indexes we follow. New record highs on the S&P 500 or DJI still keep popping up on a regular basis. But the Canadian indexes still lag behind.

ProfiTrend Portfolio… The annualized growth rate for the ProfiTrend Portfolio is now at +118%… considerably above the comparable numbers for the S&P/TSX Composite Index (+4%) and the S&P 500 (+33%).

Seasonality… We summarize the US Thanksgiving trade once again, as that holiday is coming up soon. Of all seasonality trades, this is one of the most consistently profittable. Details below.

State Street Investor Confidence Index… We continue to include the October results. The Global ICI decreased to 115.1 in October, down 8.8 points from September’s revised reading of 123.9. 100 is considered the neutral point in the balance between risky assets (i.e. stocks) and low risk assets (i.e. bonds). The regional breakdown shows a reduction in European equity exposure after several months of solid gains there (contrary to media reports).

Topic of the Week… RTA Extension: Intra-Week Trend & Consistency Calculations
One of the core strengths of relative trend analysis™ (RTA), as it is used within the ProfiTrend Advantage framework, is that you can achieve excellent results with only a weekly review of your current holdings and a weekly scan of potential opportunities. For some, that may not be enough, so this week we present a relatively simple but effective way to calculate intra-week adjusted trend and consistency values for the stocks you are tracking or holding. It may be overkill for some of us, but it might come in handy at least on an occasional basis. More detail below.