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Daily Trend and Trade Review


March 16, 2017


Trader Talk

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

The set-up remains the same, where we may see a pop to new highs over the next day or so, though such a move should be viewed as a modest zig to new highs that is followed by a swift corrective zag, prior to yet another modest move to new highs, as a prelude to yet another corrective zag, with each move up and down of greater size and magnitude larger than the last.

The red dotted line shows that expected pattern, with the red arrows what happens later this year once the staggered melt-up completes the bull market off the 2009 lows.

The green trend trading indicator line near the bottom of the chart rising above the white high risk exit line is our cue to take profits on longs, should the rally pick up steam beyond what we expect.

For now, holding longs, while hedged, remains the optimal allocation, though get ready for some rapid fire shorter term trades 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 up over 21% in 2017.

The 401K portfolio is in a stock index mutual fund, with QQQ used for tracking purposes. This portfolio is up over 11% in 2017.

Next update after the markets close Friday.

Kevin Wilde Kevin Wilde
Chief Trading Strategist
AlphaKing.com

Portfolio Update Archive

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