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Daily Trend and Trade Review

March 6, 2017

Trader Talk

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

The markets are poised to suffer a painful dive, though today wasn’t it.

In the big picture, the white NASDAQ volume line continues to struggle to breakout to new highs, and the blue stocks trading above their 50 day average remains below the yellow stocks trading above their 200 day average line, which usually signals a correction is either underway, or fast approaching.

Worse, note how the three lagging leadership indexes near the bottom in the main body of the chart are close to triggering a breakout failure, thus ready to flip the majority of those green arrows red.

One ALWAYS should be positioned in-line with the majority opinion of those leadership canaries, and everything points to a decisive victor about to declared, with those bottom three lagging leaders holding the fate of the entire market hostage.

For now, enjoying the bull run is the way to go, though hedging with a little TZA and TVIX remains the optimal allocation.

Current positioning for the Index/VIX/Hedge Portfolio is 94% QLD, 5% TZA, 1% TVIX. This portfolio is up over 19% 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 on Tuesday.

Kevin Wilde Kevin Wilde
Chief Trading Strategist

Portfolio Update Archive

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