Tech and ETF positions deliver modest gains


October was a somewhat better month than September for the Breakouts and Reversals model portfolio. Modest gains (+1.6%) were achieved through short term positions in tech and ETFs.

Outperformance of the benchmark was also achieved by virtue of the S&P Index’s decline (-2.0%) in a generally quiet month for equities. I expect the US presidential election result to provide volatility to the equities markets as the race is close.

Any index comparisons provided in the blogs are for informational purposes only and should not be used as the basis for making an investment decision. There are significant differences between client accounts and the indices referenced including, but not limited to, risk profile, liquidity, volatility and asset composition. The S&P 500 is an index of 500 stocks chosen for market size, liquidity and industry, among other factors.

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Ronald Guerrini
Ronald Guerrini
Ronald began trading in 2006 using Contracts for Difference on the Australian Stock Exchange. He has traded using several approaches and believes technical analysis is the most effective. The most important aspect of trading is risk and managing risk. He believes he has found the level of risk that he can most comfortably trade with and still outperform the market on a regular basis.