Here’s the monthly update on the Eleven-Quarter-System (11-Qtr-System) from Sid at ElevenQuarterStocks.com & ElliottWavePredictions.com. The screenshot above is the February 28 end-of-day model-portfolio holdings.
With February now complete, our ElevenQuarterStocks.com model portfolio is up 7.6% YTD, while the DJIA is down 1.5%, the S&P-500 is up 0.75%, the Nasdaq (QQQ) is up is 3.2%, and the Russell 2000 is up 2.0%. We started the model portfolio on January 1, 2014 with a cash balance of $100,000, and no open positions. (To review, at the end of January, the portfolio was up 4.9%).
The model portfolio has utilized no more than 40% of its available cash at any point so far, and is currently sitting 83% in cash. The highest number of issues held in the portfolio was 20 (on Feb 10), and it is now holding 9. The total number of different stocks it has owned since beginning of the year is 25, so we have bought and sold 16 different stocks now, and each of those trades ended in profit. If the ROI is figured based only on cash-placed-at-risk, it is currently 105% (annualized).
The 2014 11-Qtr-System model portfolio is being traded using the Stock Simulator at Investopedia.com The “game” allows the investment long-only in stocks (only), with no margin, no shorting, and no options allowed. A $9.95 commission per trade is figured in. For the sake of simplicity, the idle cash is set to not collect interest.
Please note that in addition to the original “Ideal System”, as presented in the 1978 book “Non-Random Profits” by Hanson and Mann, I’ve added a number of rules and guidelines to how I intend to trade the system, including the extensive utilization of Elliott Wave, its associated Fibonacci price targets, Hurst Cycle analysis, and several more key elements. To find out more, subscribing is easy, and quite affordable. All 11-Qtr-System subscribers receive notification as soon as any trade is initiated in the 11-Qtr-System model portfolio.