Below is a performance summary for our Merlin trading strategy for the month of September 2020, net of transaction costs. To learn more about the strategy and to follow along in real-time with its trading signals, please visit the Merlin strategy page.
Merlin performance for September
|Strategy||September||Year to Date|
See Performance Disclosures: Monthly Performance.
Merlin closed trades in September
|Closed Trades||Return on Signal||R-Multiple|
September was a tricky month for the stock market given the flare up in volatility interrupting the smooth uncontested uptrend. The Nasdaq suffered a sharp sell off which, even at the time of writing this, still has not recovered back to its all-time highs.
Merlin gave up a little ground, breaking its 5 month winning streak, and falling 1.32%. It outperformed its benchmark on the month, but still trails YTD. Here’s how Merlin was positioned heading into October:
We finally got some turbulence in the broad averages for the first time in several months, but despite over a dozen exits in September, Merlin replaced a lot of that exposure with new signals and remains heavily invested into October.
If you’re looking for an evidence-based strategy for swing trading individual stocks and ETFs on an end of day closing basis, check out the details behind Merlin here.