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Daily Trend and Trade Review

March 20, 2017

Trader Talk

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

The markets remain poised to suffer a painful dive.

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 stock line trading above their 200 day average line, which usually signals a correction is underway, or fast approaching.

The breakout rally late last year was strong, confirmed with strong leadership and lots of green arrows.

What we are looking for, and expecting, is a big correction that is followed by new highs for some indexes, while many arrows remain red due to some indexes failing to confirm this subsequent rally, to signal the bull market is morphing into a big bad bear.

It is too early to tell if we are about to start such a big correction, though we are certainly overdue for one.

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.

The 401K portfolio is in a stock index mutual fund, with QQQ used for tracking purposes.

Kevin Wilde Kevin Wilde
Chief Trading Strategist

Portfolio Update Archive

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