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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
AlphaKing.com

Portfolio Update Archive

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