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Daily Trend and Trade Review

March 1, 2017

Trader Talk

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

The Trump rally hit acceleration mode today, helped with money flows from Europe, as political risks continue to increase in France, banking risks continue to increase in Italy, default risks continue to increase in Greece - which needs another bailout this summer - with anti-EU sentiment rising every day.

The dotted red line is the projected path forward, as a series of ever-accelerating zigs and zags, where each dip leads to higher prices, and every move higher is followed by a larger corrective swoon, land to complete the bull market off the 2009 lows.

The red arrow is the expected fate once the bull topping process completes later this year, early next.

The big picture is one melt-up followed a royal crash.

The expected rapid trading from overbought to oversold, to overbought, back to oversold, is a traderís dream, while the big picture blow off should offer a great opportunity for longer term bulls looking to exit at favorable prices.

The green trend trading indicator at the bottom of the chart will tell when it is time for bulls to lock in profits, once the green line crosses into the high risk exit zone.

For now, holding longs while hedged remains the optimal allocation, though get ready for some rapid fire, shorter term trades, especially on the hedging side of the portfolio.

Current positioning for the Index/VIX/Hedge Portfolio is 94% QLD, 5% TZA, 1% TVIX. This portfolio is currently up over 21% this year.

The 401K portfolio is in a stock index mutual fund, with QQQ used for tracking purposes. This portfolio is currently up over 11% this year.

Kevin Wilde Kevin Wilde
Chief Trading Strategist

Portfolio Update Archive

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