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Daily Trend and Trade Review

April 17, 2017

Trader Talk

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

The markets remain poised to enjoy or endure a fast and hard move, with some indicators saying that expected rapid move will be to the upside, while others say “watch out below!” is the path forward.

For now, sitting and waiting invested long while hedged remains the way to go.

While a lack of bombs falling over the weekend helped deliver the expected rebound today, that craziness is far from solved, and the markets remain hostage to such bad news bomb events (pun intended.)

In the big picture, the lone bearish red arrows remain the white NASDAQ volume line, and the blue stocks trading above their 50 day average below the yellow stocks trading above their 200 day average lines.

One should always follow the majority of arrows – green equals strong bull markets, while red equals strong bear market – and thus so far so good as far as the bulls go.

What we are looking for is divergence of those indicators either on a breakout run to new highs – where some indexes fail to go along for the ride – or breakdown – where some indexes smash through support while others hold up better – to signal major trends are changing.

Thus, once again, so far so good as far as the bulls go, and we are likely to see a stock market low later this week.

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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