The Good Bad and Ugly weekly review : 29 Sep 2023

September 30, 2023 7 min read

The WeekendInvesting App !

A quick introduction to the Weekend Investing app, now available on Google Play and App Store. The app has been received with great enthusiasm, with over 4,000 users already joining. We encourage all weekend investors to download the app, as it provides numerous benefits and features that can enhance your investment experience. 

By joining the app, you will receive immediate notifications for urgent messages from us. Additionally, all our content, including YouTube videos and Twitter posts, can be accessed in one place. This ensures that you stay up to date with relevant and valuable information. Moreover, the app allows you to interact with our team, ask questions, and provide feedback. It offers a seamless and convenient channel for communication between investors and our support team.

One of the key advantages of the app is access to exclusive educational content and strategies tailored specifically for weekend investors. We offer educational US strategies, trend analysis posts, market psychology insights, and much more. By leveraging these resources, you can enhance your investing knowledge and make informed decisions. Furthermore, the app provides opportunities for online and offline meetups exclusively for WeekendInvesting subscribers, allowing you to engage with fellow investors and expand your network.

A unique feature of the app is the ability to book a one-on-one call with the Weekend Investing team. This personalised support ensures that you receive prompt assistance and have your queries addressed directly. Additionally, a chat feature is available to provide immediate solutions to any questions or concerns you may have. The aim of the app is to facilitate seamless interaction and provide phenomenal support to all weekend investors and app users.

Introducing “The WeekendInvesting Newsletter”

Another brand new initiative from our Research Desk is The WeekendInvesting Newsletter. This is a daily newsletter that summarizes all the stories we cover during the day(market nuggets), including the daily byte that we shoot every evening. This newsletter will be delivered to your email every evening on market days, providing you with a wealth of market-related information. The newsletter includes both summaries and long-form blogs for all the market nuggets covered. These blogs are also linked to the videos we shoot, so you can choose to watch or read the content according to your preference.

Check out our newsletters for this week.

Markets this week !

The week ending on 29th Sep 2023 marked the end of the month, quarter, and the first half of the financial year 2024. Overall, the market has been range-bound after experiencing a sharp decline from the 20,200 mark last week. However, there was a significant downward movement on Thursday, which can be seen as a capitulation day for positions established earlier in the month. The market then saw a relief rally the following day, resulting in a relatively flat closing for the week. Despite the recent decline, the larger trend remains upward, and this correction can be seen as a temporary adjustment in sectoral momentum.

Sectoral Overview

Currently, Public Sector Undertaking (PSU) banks, real estate stocks, and infrastructure are the hot segments in the market. These sectors have been in the limelight for the short term as well as over a period of 20 days, one month, and three months. On the other hand, IT stocks have witnessed a decline, mainly due to weak overseas cues from the US tech sector. Forecasts suggest a potentially muted growth year for IT in 2024, affecting order inflow from the US.

Real estate sector has shown resilience despite the current interest rate cycle. Real estate stocks remain optimistic about the next one to two years, hinting at a near top to the interest rate cycle. Pharma has made a notable comeback, exhibiting a 2.4% increase this week.

PSU banks continue to perform well, experiencing a 2% (this week) increase while Infrastructure and Metals have shown positive momentum, following the trend of PSU banks.

Benchmark Indices Overview

Smallcap 250 & Mid-Small 400 indices continued on their solid run clocking above 1% this week while rest of the indices remained flat. This proves the relative strength in midcaps and smallcaps since the start of FY 24.

WeekendInvesting Overview

Mi ST ATH, which has experienced lagging performance recently, made a strong comeback with a 4.4% increase this week. Mi 20, Mi 25, and Mi All Cap & Mi ATH 2 all achieved more than 2% growth this week. Mi 20, with a remarkable 65% gain has proved to be one of the top performers this FY 24. Mi Evergreen, Mi 30, and Mi NNF 10 showed positive growth, with increases ranging from 1.1% to 1.9% this week.

Spotlight – 2x bagger on JBMA & Mi 20

A moment to cherish for Mi 20 which has clocked the coveted 2x milestone since going LIVE on 15 Jul 2021 (2x in 2 years). Within Mi 20, JBMA has also pocketed a 2 bagger having made an entry to the strategy around Mar 2023 at Rs 643 (currently holding).

Mi 20 has handsomely beaten its benchmark, the mid-small 400 index across all timeframes. The CAGR has been stunning at 37% since Jul 2021 compared to 17% on its benchmark.

When analyzing investment performance, it is crucial to focus on absolute returns rather than getting caught up in benchmark comparisons. Beating the benchmark by a significant margin is commendable and signifies the strength of a strategy. For instance, if the benchmark achieves a 24% return, achieving a 23% return is still considered excellent. It is essential to avoid unnecessary self-comparison and instead appreciate the strategy’s ability to outperform the benchmark consistently.

Rebalance Update

We give advance notice here on the upcoming changes in your smallcase for Monday. This advance notice can be used to ignore Monday’s update if there is no change. If there is a change indicated you can use the smallcase app or log in to weekendinvesting.smallcase.com to see the rebalance. A backup email is sent by mid-day Monday if you have not rebalanced by then and yet another one a day later.

Note: We are not including LIQUIDBEES as an ADD or an EXIT count.

WeekendInvesting Strategies Performance

WeekendInvesting Products – LIVE Index Data

Many of you had asked us to make the index series of all WeekendInvesting Products available so that you could perform your own analysis and studies. You can find a link to the LIVE sheet here and also on the HUB under the support column in the content tab.

WeekendInvesting Telegram and YouTube Channel

We post daily content related to investing on our Weekendinvesting Telegram Channel and YouTube channel to help our community take stock of the performance of markets, sectors & our products and touch base upon a new topic every day. We look forward to having you all there! Several videos in this blog are from this series.

Introducing M Profit

STAIRS Revamped Models

STAIRS is a LONG / SHORT derivative strategy that is designed to offer an uncorrelated diversification option to your equity portfolio. STAIRS will do well when there are up trends & also when there are down trends while giving up some of the gains when markets remain rangebound/volatile.

You may go through our latest weekly report for more details.

All STAIRS models go in line with our fundamental philosophy of making the most and compounding aggressively when markets give us trends and go very defensive as trends fizzle out and enter a rangebound territory, thus providing robust capital & profit protection.

Effectively – STAIRS is a complete trading system (Futures & Options) that covers each of the following decisions required for a successful trading outcome:

• Markets – What to buy or sell?

• Position Sizing – How much to buy or sell?

• Entries – When to buy or sell?

• Stops – When to get out of a losing position?

• Exits – When to get out of a winning position?

That’s it for this week. See you in the next week’s edition

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    The Good Bad and Ugly weekly review : 29 Sep 2023