Volume & money flow · daily rule · Consumer & retail
Money Flow Index on Jamieson Wellness
JWEL with the play, last two years
Shading shows the play's call from the close that triggered it.
Money Flow Index (14)
Dashed lines at 20, 80.
Growth of C$10,000 since 2017
Log scale. After trading costs, with T-bill interest while out.
The record
The play against buying and holding JWEL over exactly the same dates, after costs.
| Play, since 2017 | Hold, since 2017 | Play, 5 yrs | Hold, 5 yrs | |
|---|---|---|---|---|
| Annual return | +10.2% | +12.0% | +10.2% | +6.4% |
| Total return | +143% | +182% | +62% | +36% |
| Worst drawdown | −22.1% | −45.8% | −21.5% | −44.5% |
| Volatility | 16.5% | 27.4% | 16.2% | 25.9% |
| Sharpe ratio | 0.51 | 0.46 | 0.44 | 0.22 |
| Time invested | 37% | 100% | ||
| Switches per year | 2.4 | 0 |
Every call, graded
Right on 16 of 22 closed calls (73%). In calls averaged +7.2%; out calls saw JWEL move +2.6% on average.
| Called | Call | Price | Until | JWEL moved | Result |
|---|---|---|---|---|---|
| Jun 18, 2026 | OUT | C$36.58 | now | +24.3% | open |
| Mar 23, 2026 | IN | C$33.58 | Jun 18, 2026 | +8.9% | ✓ right |
| May 13, 2025 | OUT | C$32.25 | Mar 23, 2026 | +4.1% | ✕ wrong |
| Jan 22, 2025 | IN | C$33.39 | May 13, 2025 | −3.4% | ✕ wrong |
| Nov 26, 2024 | OUT | C$34.67 | Jan 22, 2025 | −3.7% | ✓ right |
| Nov 5, 2024 | IN | C$31.46 | Nov 26, 2024 | +10.2% | ✓ right |
| Nov 16, 2023 | OUT | C$25.79 | Nov 5, 2024 | +22.0% | ✕ wrong |
| Aug 23, 2023 | IN | C$23.66 | Nov 16, 2023 | +9.0% | ✓ right |
| Aug 3, 2023 | OUT | C$27.92 | Aug 23, 2023 | −15.2% | ✓ right |
| May 31, 2023 | IN | C$28.04 | Aug 3, 2023 | −0.4% | ✕ wrong |
| Apr 5, 2023 | OUT | C$30.32 | May 31, 2023 | −7.5% | ✓ right |
| Mar 15, 2023 | IN | C$28.07 | Apr 5, 2023 | +8.0% | ✓ right |
An in call is right when the price rose before the next call; an out call is right when it fell. The latest 12 of 23 calls shown.
How the play works
- In when the 14-day MFI crosses up through 20.
- Out when it crosses down through 80.
The creators also stress divergences, which this rule ignores.
The case against
Valeriy Zakamulin tested moving-average timing on up to 155 years of U.S. stock data and found no statistically significant edge in the second half of that record. The rules earned their keep in a few severe bear markets and lagged buy and hold for long stretches in between.