AlphaKing.com - Bull or Bear, We Don't Care!
Last Update Wed Jun-28-17 at 5:38 pm

Back to Archive

  AlphaKing.com  

Daily Trend and Trade Review


May 1, 2017


Trader Talk

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

The NASDAQ is fast approaching the 6200 level, which will be enough to drive the trend trading indicator (green line bottom of chart) across the white high risk exit line, and we will have new trade instructions via a Flash Alert Update 3pm eastern time any day this week the NASDAQ challenges the 6200 level to exit of our QQQ and QLD positions.

Such a rally to NASDAQ 6200 can happen as early as tomorrow.

The red dotted line remains the most likely path forward.

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 30% in 2017.

The 401K portfolio is in a stock index mutual fund, with QQQ used for tracking purposes. This portfolio is up over 16% in 2017.

Next update after the markets close Tuesday.

Kevin Wilde Kevin Wilde
Chief Trading Strategist
AlphaKing.com

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 AlphaKing.com 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 AlphaKing.com website and newsletters. If you act on any of the information furnished by AlphaKing.com, either on our website, email newsletter, or anywhere else, you do so at your own risk. Read the Full Disclaimer.


Copyright © 2006 AlphaKing.com. All Rights Reserved. Privacy Policy