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Daily Trend and Trade Review

March 2, 2017

Trader Talk

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

Too early to tell if today’s drop was the opening salvo of the corrective see-saw we expect to start soon, versus one last gasp push to new highs to land next to close out the week.

The dotted red line remains the projected path, 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, lands to complete the bull market off the 2009 lows sometime later this year.

The red arrow is the expected fate once the bull topping process completes.

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

The green trend trading indicator line at the bottom of the chart rising above the while high risk exit line is our cue when to lighten up on longs, while the indicators at the top of the chart will tell when to add and remove hedges.

For now, holding longs while hedged remains the optimal allocation, though get ready for some rapid fire shorter term trades.

Current positioning for the Index/VIX/Hedge Portfolio is 94% QLD, 5% TZA, 1% TVIX. This portfolio is up over 20% in 2017.

The 401K portfolio is in a stock index mutual fund, with QQQ used for tracking purposes. This portfolio is up over 10% in 2017.

Next update after the markets close Friday.

Kevin Wilde Kevin Wilde
Chief Trading Strategist

Portfolio Update Archive

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