This month in the stock market was a down month. The SPY was -2.2% with RSP (Invesco S&P 500 Equal Weight ETF) -4.1% with MDY -5.3% and IJR -5.8%, for the month.
The last two months have been marked by substantial drops in the US stock market. The Small Cap, Mid Cap and Equal weight Large Cap indexes have had back to back large monthly drops. The Swing Trader portfolios have been holding their own, keeping their performance solidly ahead of the benchmarks. Small Cap Discoveries, Mid Cap Flyers, Canslim Growth, BI-Weekly Swings and Quant Alphas are all way ahead of their respective benchmarks for the year and are positive for the year. Only Large Cap Stalwarts trails its benchmark. I fully expect once a market rally comes back in force, the Portfolios will do very well and run ahead of their benchmarks. That is what the backtests from 2004 show very clearly.
The last monthly update for Small Cap Discoveries is HERE , for Mid Cap Flyers is HERE, for Canslim Growth is HERE and Large Cap Stalwarts is HERE .
CANSLIM Growth is now up over 10% for the year and easily beats its benchmark IJR by over 16%. Active outperformer is CLS. It is up +88% since it was added on 03/24/23.
The Small Cap Discoveries is now up over 9% for the year and continues to outperform its benchmark IJR by over 15%. Active outperformers TAST, WLDN and ORN account for much of this Alpha. They are up +57%, +21% and +44% respectively.
The Mid-cap Flyers is now up over 6% for the year and is now outpacing its benchmark MDY by over 8% for the year.
The Large Cap Stalwarts lags its benchmark RSP.
In the four Model Portfolios, Mid Cap Flyers, Small Cap Discoveries, CANSLIM Growth and Large Cap Stalwarts, the end-of-month stats are below.
Performance 2023 to 10/31/2023
| Small Cap Discoveries | 9.90% |
| IJR (Small Cap benchmark) | -6.08% |
| CANSLIM Growth | 10.40% |
| IJR (Small Cap benchmark) | -6.08% |
| Mid Cap Flyers | 6.11% |
| MDY (Mid Cap Benchmark) | -2.32% |
| Large Cap Stalwarts | -7.57% |
| RSP (Large Cap benchmark) | -3.84% |
For the two probationary Portfolios, BI-Weekly Swings and Quant Alpha’s, the the end-of-month stats are below. Results are as 10/31/2023.
| BI-Weekly Swings | 19.85% |
| BSMAX ( Russell Small/Mid-Cap Index Fund) | -3.6% |
| Quant Alpha’s | 9.05% |
| EQAL (Russell 1000 Equal Weight ETF) | -5.53% |
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