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A super uni-directional upward trending week with a gap to start with and a continuous up move through the week leaving everybody gasping for breath. A surreal move that was not expected. It has taken a large number of short players by surprise and a large part of the up-move was likely short covering strength as well.
Bank Nifty also moved first tepidly and then more rapidly in the last 2 days on the back of big gains in both private and PSU Banks. The RBI policy minutes on Fri also helped.
STAIRS our trading product was naturally the biggest beneficiary of such a trending move and gained handsomely +17% on capital. It now sits at a new all time high for the calendar year once again proving patience and system if followed bring large rewards.
The Options4STAIRS module of STAIRS did very well this week.
For CY 2020 to date the Options4STAIRS results
Both these models above track STAIRS signal and have defined risk per trade. The Options4STAIRS has now made the STAIRS product accessible to lower capital , is risk defined and has better performance dynamics.
I think this will get a lot of investor interest going forward and this will become the the flagship product for me.
The Weekendinvesting Smallcases were remarkable and surged to new highs.
For Monday 12 OCT 2020, the proposed changes are:
Mi_LT_CNX200 : NO CHANGE
Mi_MT_Allcap : NO CHANGE
Mi_ST_ATH : 1 ADD
Mi 25 :NO CHANGE
Liquid bees is not being included as an add or exit.
In the LIVE product strategies, there is no cash and all strategies are doing well. The LIVE products area more suitable for large portfolios who are not chasing high returns and want more mature and diversified lower risk portfolios. Also the user here churns his portfolio at Fri 3 PM along with the model and there is no slip between the model the actual experience.
This week AGAIN everything was the GOOD, and there was no BAD and certainly NO UGLY.
I continue to believe in the asset allocation to Gold and urge everybody to build up-to half their age as percent net-worth in Gold this decade. New SGB series has just been announced as well. Please keep your purchasing power protected this decade.
Last week we also made a special announcement about a change in Business Practice at the advisory.
Simply put, we are now doing all actions as a RESEARCH house and not as an ADVISOR. All products are model portfolios and no risk assessment or profiling or customization of any kind will be undertaken.
That is all this week. STAY SAFE and stay in peace !