As April returns reached over 5% for the second time this month, the TCquant portfolio was liquidated after close on 4/25 as gains to the upside were limited going forward. The portfolio will be updated this weekend with new positions initiated before market open on Monday. Below you will find a comparison of $1 invested in my portfolio versus a dollar invested in the broader market.
Despite selling out of the main portfolio, several additional short-term purchases were made. As Facebook stock breached the $160 mark prior to earnings, a long position was initiated. Facebook stock is up over 8% after hours as of this post, with plans to sell once it reaches the $175-180 mark. Additionally, a long position in SPY was initiated to balance the Facebook holdings and capture the projected remaining upside for the week.