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Daily Trend and Trade Review


April 19, 2017


Trader Talk

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

The stock market remains poised to suffer a quick dive that is followed by an equally quick bottom from where the next to run to new highs is born.

The daily ADX (grey line) has fallen as far as it can go so says history and thus expect a turn up very soon, which would signal the next push to a new trading range for stocks has begun.

A rising ADX signals a strong trend move is underway, while a falling ADX signals sideways churn, with the latter being in force for many weeks now as the ADX (grey line) fell from a very high level to a very low one.

The dotted red line is the overall expectation, though new highs are just around the corner.

For now, holding longs while hedged with a small amount of TZA and TVIX remains the optimal allocation, where I expect to adjust these positions on the next big move stocks make.

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 Thursday.

Kevin Wilde Kevin Wilde
Chief Trading Strategist
AlphaKing.com

Portfolio Update Archive

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