The Discretionary Technical Portfolio is managed entirely at Fred's discretion -- using all his technical indicators and his own investment and trading judgment, applied across a broad array of assets and asset classes. It's a "paper portfolio" -- sometimes it will reflect in a general way what Fred is doing for his own account and for accounts he manages, and at other times it will reflect ideas that are just for Fred's online audience.

The maximum net long equity position that Fred will take in the portfolio is determined by the Fred's Technical Trading Model, based on his Summary Index and Quick Summary Index and his Trend Indicator. The table below gives the maximum net long position depending on whether there is a Summary Index or Quick Summary Index buy signal or sell signal, and on the long-term trend of the market according to the Trend Indicator.

The Portfolio began with an imaginary $1 million, and was set to an initial Net Asset Value of $10. Changes in positions will generally be mentioned in Fred's daily "Technical Analysis" reports the same day they are made in the portfolio. For simplicity we ignore transaction costs. We accrue interest on cash balances daily at the 90-day T-bill rate, and dividends are added to cash. There may be significant differences, beyond our control, between the performance of this hypothetical portfolio and an otherwise similar actual portfolio.

This page is normally updated daily after the market close, but may be updated more frequently as necessary.

Past performance is no guarantee of future returns.

Trade History