Dear Investor,
September is often one of the least profitable months of the year.
That's how it looked like it was going to be in the first week. The indices fell by more than 4% in the first week of the month.
Ultimately, this year was somewhat different, with the SP500 index closing the month with a gain of 2.00%. Our system closed the month with a gain of 3.63%.
For the entire year, there is a profit of 21.34%.
ESST was also unable to escape the turmoil of the first week. ESST posted a loss of nearly -1% that week, which was significantly less than the indices.
The algorithm has a number of parameters that continuously measure the markets. These parameters detected a number of signals indicating that it could be a difficult week, so only a third of the available capital was invested that week. In hindsight, this turned out to be a good decision and resulted in a smaller loss.
That week, no positions were filled because there were simply no candidates available.
TSLA shares were our biggest winner this month. There were no other major outliers, either upward or downward.
I wish you a successful month of investing.
Sincerely,
Henry van Ginkel