- Bull or Bear, We Don't Care!
Update In Progress

Back to Archive  

Daily Trend and Trade Review

April 20, 2017

Trader Talk

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

The NASDAQ is pushing near new high territory, while all other indexes badly lag, with the number of stocks moving to new highs super thin.

That suggests my view that the stock market remains poised to suffer a quick dive as a prelude to the next to run to new highs is likely correct.

The daily ADX (grey line) has started to turn up, so something big and fast is likely to land next.

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 as the ADX (grey line) fell from a very high level to a very level one.

The dotted red line is my overall expectation.

If new highs land next, and the rally begins to pick up steam, then the green trend trading indicator at the bottom of the chart will be the indicator to watch for signs when to take profits on our QQQ and QLD position.

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 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

Portfolio Update Archive

Results are tabulated using the opening price the day following a new trading signal, and exclude commissions, dividends, or interest paid on cash balances during sell periods. Stock prices highlighted in blue are temporary - using the end of day quote the day a new buy or sell signal is generated - with the final price adjusted the following trading day when the opening price is available. Past performance is no guarantee of future success

The website, and the emails we send, are for information and educational purposes only. Trading stocks is a high risk investment strategy. The information is neither a recommendation to, nor an offer to buy or sell securities or stocks. Traders should do their own due diligence research before acting on any financial information, whatever the source of that information, including the website and newsletters. If you act on any of the information furnished by, either on our website, email newsletter, or anywhere else, you do so at your own risk. Read the Full Disclaimer.

Copyright © 2006 All Rights Reserved. Privacy Policy