Two things.
One: I just want to re-touch on how my All Cap models are just not finding anything, and has turned out to be pretty helpful. These models review around 3000 stocks every night. They are all long models trained on 2years to 7 years. About half-way through June it started becoming much less aggressive and for the past week not one pick.
Second:
I built some Tech 100 Long models last night. I like this pullback in the sector, much needed and expected. I used a previous All Cap Tech Model, switched to Large Cap and trained one model on 5 years and one on 7 years. Target : 4 days +2.5% returns.
Backtested them at 60% confidence with 5% stop loss, max 20 picks with various profit taking scenarios(None, 5%, 10%)
The final image is the first set of picks from those models. Everything over 60% confidence. Only 8 picks today. I like that, conservative in this pullback. I might step in today. But, I will be looking to these models over the next few weeks to months. There will be some solid upside volatility in tech from a much better base.