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Weekly rebalancing | Portfolio market value before rebalancing = $1,425,434.18 | Debt = $469,291.47 and equity = $956,142.71 | Retaining leverage of 1.5:1, new desired level of debt is $478,071.36 | With new level of debt, portfolio value = $1,434,214.07| Using 1/15 weight per equity amounts to $95,614.27 desired market value per equity |
FANG still a 3-month top 15 performer of S&P500 | Current position is 882 shares | Desired position at current price is 838 shares | We sell 44 shares
Based on the long-short momentum strategy (with 30 long and 10 short positions), FANG is in the top 30 performing companies in Nasdaq available on this platform. Short-term and long-term momentum show a positive trend, therefore we buy the stock.