Hi everyone.
We have come full circle since the launch of AIRESCAN a year ago. For those who have joined us since the start, congratulations! We’re sure you’ve gained a lot of profits since then.
For newcomers, fret not! You certainly have time to catch up if you follow our tips closely. As our founder always says, “There are still lots of buses if you missed one.”
So let’s recap our performance for this month.
If you missed out on our previous reviews, you can check them out here:
As usual we’ll quickly go through a few things you should know about our system.
How does our AI work?
So basically our AI pick stocks daily and our system ensures that profits are taken on the same day. If for whatever reason our picks stays in the market, our system may adjust the TP so that it can exit the next day. Sometimes you may see changes in the EP. As advertised, for subscribers following our stocks, they get updated with real-time changes from our system, depending on the market conditions.
How do we evaluate our AI performance?
Profit or loss – Number of stocks that profited during the market session. Or the number of stocks that hit our stop loss.
Direction – Although we don’t count the stocks towards our monthly performance, we do take note whether the stocks we picked were in the right direction (PNDJ) or the wrong direction (PND), where in both cases the stocks did not enter the market.
Withdrawn stocks – Stocks that were withdrawn by our system due to gap in opening prices were also recorded.
Stock Picks for March 2023:
Stock Picks for April 2023
Overall Performance for March 2023
Overall Performance for April 2023
Overall Portfolio Gains since January 2023
Win rate = the percentage of profit over the stocks traded in the particular month
Return = total actual profit gained
Cumulative returns = accumulated profit from January 2023
Against major market indices
March*
S&P Index : 3.7%
NASDAQ : 6.8%
DOW : 2.1%
*Source: https://www.nasdaq.com/articles/march-first-quarter-2023-review-and-outlook
April*
S&P Index : 1.6%
NASDAQ : 0.1%
DOW : 2.6%
According to Nasdaq, March was a volatile month for the capital markets as the Federal Reserve’s now 13-month rate hike cycle contributed to stresses in the banking system resulting in the closing of three regional banks, a forced takeover of Credit Suisse, government deposit backstops, and a new special lending facility for banks.
Major indices performance in the US were mixed on higher than expected inflation figure. The headline consumer price index (CPI) lowered marginally to 6.4% in January from 6.5%, however it was higher than market expectation of 6.2%. The inflation data led the market to re-focus on interest rate risk factor.
April was the month for companies with large capitals, but was quite turbulent for micro and small cap companies. According to Nasdaq, despite key earnings metrics running above their one-year averages, companies across industries mentioned negative linearity in Q1.
April also saw the first half of 1Q ’23 earnings prints. At the mid-point of the season, S&P 500 companies are reporting their best performance relative to analyst expectations since the end of 2021. Although the number of companies reporting positive EPS surprises and the size of the surprises are above 10-year averages, it should be noted that expectations for the quarter were low going into the prints.
Our stock picks have performed consistently well compared with major indices with a return of 11.59% in March and 6.8% in April. For the first quarter, our cumulative return is 68.77% whereas Nasdaq had the highest return in the quarter of 17%, followed by S&P at 7.5% and Dow Jones at 0.9%.
Our cumulative profit since we started is 158.96%! This means that if you’ve been following our tips closely since March 2022, you would have more than doubled your initial capital. And as usual, our AI system maintained an average winning rate of 80% throughout the month regardless of the market situation on a particular day.
It’s your time to decide now. You’ve seen what our AI system can do, what are you waiting for then?
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