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Daily Trend and Trade Review

February 28, 2017

Trader Talk

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

As Sherlock put it, the game is afoot.

While the recent past has been a solid rally that inched higher each day, rather than rocketed higher, offering little in the way of shorter term trading opportunities, and even less chances for those wanting in to enter at favorable prices.

That trading environment is likely to change in a big way right here, with the set-up calling for the near-straight line upslope to morph into an ever-accelerating zig-zag back and forth, where each dip leads to higher prices, and every move higher is followed by a larger corrective swoon, with each move larger than the last.

In the intermediate and longer term, such increasing exaggeration of the series of up and down moves likely will result in a big kahuna melt-up that ends with a royal crash.

Get ready for some rapid trading, especially once the beginning of month mutual in-flow period has passed early next week.

For now, holding longs while hedged remains the optimal allocation.

Current positioning for the Index/VIX/Hedge Portfolio is 94% QLD, 5% TZA, 1% TVIX. As of last Friday, this portfolio is up 18.18% in 2017.

The 401K portfolio is in a stock index mutual fund, with QQQ used for tracking purposes. As of last Friday, this portfolio is up 9.93% in 2017.

Kevin Wilde Kevin Wilde
Chief Trading Strategist

Portfolio Update Archive

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