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Daily Trend and Trade Review

April 27, 2017

Trader Talk

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

The set-up remains the same, where the NASDAQ green trend trading timing line at the bottom of the chart is racing toward a cross of the white high risk exit line, which is our cue to take profits on our QQQ and QLD positions.

Any close above NASDAQ 6200 and we will exit some QQQ and QLD going into the close that day, with 6200 representing the level where the trend trading indicator will make the high risk exit cross.

The red dotted line remains the most likely path going forward which suggests we may have to suffer a modest pullback prior to concluding the 6200 run though, with end and beginning of new month next week, we may enter an acceleration phase that delivers 6200 on this leg of the rally.

We will post a Flash Alert Update 3pm eastern time any day a NASDAQ close above 6200 appears underway with exit instructions for the QQQ and QLD positions.

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 26% 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 Friday.

Kevin Wilde Kevin Wilde
Chief Trading Strategist

Portfolio Update Archive

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