Top Names, 1/12/2023

Continuing our core strategy.

These were Portfolio Armor’s top ten names as of Thursday’s close:

If you’re starting our core strategy now, you’ll want to buy equal dollar amounts of each at or near these prices, if possible, on Friday, and then enter 10% trailing stops on each of them. As you get stopped out of positions, you’ll add new ones from the current top ten names then.

In my case, since I am already running this strategy and got stopped out of one name this week, I’m going to buy the top-ranked name from this list that I don’t currently own (FCX) on Friday.

Since I won’t be buying round lots of each of these positions, it won’t be cost effective to hedge them individually, but I may hedge market risk by buying optimal puts on an index ETF such as the SPDR S&P 500 Trust (SPY).