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Daily Trend and Trade Review


February 14, 2017


Trader Talk

The trend momentum power rating remains a strong 70% uptrend.

The uptrend continues, though the acceleration of gains that signals the royal melt-up phase has begun remains MIA for now.

Acceleration of the gains is required to keep the rally going, as the first big down day is likely to recover many days, perhaps weeks, of gains in a hurry, once the current inching higher trend hits a hiccup.

The trend trading indicator (green line bottom of chart) crossing above the white high risk exit line is our cue to take profits on longs, should we see the acceleration phase land.

We have not seen such a big win for the bulls since 2013, though we did see the bears score such a big win last January (red line rising across the white high risk exit zone,) which was our cue back then to take profits on short positions (inverse ETFs) we had on at that time.

For now, sitting tight - long with some hedges on - remains the optimal allocation.

Current positioning for the Index/VIX/Hedge Portfolio is 94% QLD, 5% TZA, 1% TVIX.

The 401K portfolio is in a stock index mutual fund, with QQQ used for tracking purposes.

Kevin Wilde Kevin Wilde
Chief Trading Strategist
AlphaKing.com

Portfolio Update Archive

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