Results W2 Q2: pinpoint precision
5/6 indicators within 0.5% of their predicted targets
Quick summary:
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5/6 indicators came within 0.5% of their predicted targets!
Last week, sideways trading all three days, but we kept another profitable week (up by 1%)
Earnings continue this week, VIX is still low, bigger moves await
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More changes across the leaderboard. It takes a while to consolidate, we’re anxious to see who will rise on top soon!
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Last week’s performance
The chart below perfectly encapsulates the trading environment we’re in. Monday end of day rally; Tuesday gap up open, only to reverse quickly; Wed gap down followed by another gradual reversal; and then just as Thu was looking to be the same as Wed (low open was driven by the TSLA earnings miss), we get an end of day sell-off, followed by a low volume sideways Friday. How fun.
Not much to be done in these conditions. We were happy to see our predictions go really close (see table below), and particularly happy not to have lost money, ending the week with a 1% gain. Improvement is slow, gains are small, but it’s necessary to do it this way rather than our usual aggressiveness from last year. Patience is key.
Despite the swings, we came in really really close for each prediction. I can’t remember when we had 5 out of 6 indicators coming in so close, within 0.5% precision. Even with the directional trades not doing much, the precision was impressive.
Earnings week continues, and it’s a big one. Microsoft and Google are coming up today after close, Meta is Wed after close, and AMZN on Thursday. And then there’s the rest of the economy :)
It started off slow (read boring) on Monday, but it’s bound to pick up soon.
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