This is my 3rd consecutive month of drawdown (previously experienced similar drawdown in August-November 2018, and April-June 2022 respectively).
As things stand, more and more sectors (currently 7 out of 11) are exhibiting relative strength with numerous number of stocks from these sector are basing off their May-July lows, with some of this names also setting up for viable trading opportunities for the month ahead.
Some of this sector includes;
- $XTL (Communication) – 6 Months Relative Strength
- $XLI (Industrial) – 4 Months Relative Strength
- $XLF (Financial) – 3 Months Relative Strength
- $XLV (Healthcare) – 3 Months Relative Strength
- $XLP (Consumer Staples) – 3 Months Relative Strength
- $XLE (Energy) – 3 Months Relative Strength
- $XLB (Material) – 2 Months Relative Strength
October 2022 (Month #72)
Total Trades: 49 (YTD 304 Trades)
Month Absolute Gain (Loss): -$81,347.62
Month Nett Cost After Dividends: -$517.37
Month Return: -5.93% (YTD: +2.37%)
Cumulative Return: +333.66% (Annualized: +28.14%)
Win Rate: 42.89%
Gain to Pain: 2.36
Monthly Standard Deviation: 8.88%
Sharpe Ratio: 0.92
Sortino Ratio 1.74
