The New Portfolio of Longs and Shorts for November 2018 has been published

The Performance of the Long/Short Portfolios for October 2018

At the close of trade on Friday, 26 October 2018, the long side of the October MR monthly portfolio had appreciated by 1.7% with the short side of this portfolio has appreciating by 8.4%. This equates to a net appreciation by this portfolio of 10.0%. With the ALSI having depreciated in October by -8.9%, the MR October portfolio of longs and shorts has out-performed the ALSI by 18.9%.

At the close of trade on Friday 26 October 2018, the MR monthly portfolios in 2018 have out-performed the ALSI by 48.4%.

Monthly Portfolio of Longs and Shorts for November 2018

We have published a portfolio of Longs and Shorts for the month of November 2018. This portfolio is available in the ‘Subscribers/Recommended Portfolio’ tab in our website entitled ‘www.marketmind.co.za’.

Conclusion

The ALSI is positioned in the weakening quad, which is further evidence that the market is discounting the maintenance of the current negative trading channel. We believe that the ALSI should be effectively supported at the current trading channels lower boundary with the market discounting a positive breach of the current negative trading channel.