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Daily Trend and Trade Review

April 26, 2017

Trader Talk

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

There are many shock events that can derail this rally, from North Korea, to US political resistance to the Trump agenda, to corporate earnings, to a French election shock.

Till such bad news events land, the rally remains in energizer bunny mode, and then it becomes a question of just how fast and how high we go before we fall victim to the old adage of trees do not grow to the sky.

We await the green trend trading timing line at the bottom of the chart rising above the white high risk exit line to tell when to take profits on our QQQ and QLD positions.

The red dotted line leading to the solid red arrow crash line shows the most likely outcome, though we trade indicators and not opinions, and we will go where the stock market wants to take us.

For now, holding longs while hedged with a small amount of TZA and TVIX remains the optimal allocation.

Current positioning for the Index/VIX/Hedge Portfolio is 94% QLD, 5% TZA, 1% TVIX. This portfolio is up over 25% in 2017.

The 401K portfolio is in a stock index mutual fund, with QQQ used for tracking purposes. This portfolio is up over 14% in 2017.

Next update after the markets close Thursday.

Kevin Wilde Kevin Wilde
Chief Trading Strategist

Portfolio Update Archive

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