This weekend’s update is a new installment of, “A Trade From The Hedge Fund.” Before passing it along, I wanted to touch briefly upon the Weekly Trend Models. These models trade longer-term trends identified by our ATR-based algorithm using the four major data points of weekly price bars, i.e. Open-High-Low-Close. [Read more...]
Let’s revisit the DJIA with a longer-term EW analysis. Going back 12 months, we see a clear 5 waves up, almost all of which were nailed by our timing algorithm:
Of note are the confluence of “5′s” and current levels, along with price hovering just above the the stop/reversal trend [Read more...]
USO finally reversed Long today and for those trading oil, the play is to go long USO, or go long UCO (leveraged ETF), or buy the April ’14 $33 call, currently trading at about $2.60 ($260). My target is $5-6 in the next few months.
A new but very astute [Read more...]
AAPL is up over 10% since it’s Sep 23rd Buy Signal while TSLA is approaching a reversal up from it’s Oct 19 $170 Sell Signal. Both are great examples of using trend signals to jump on an uptrend and jump off of a downtrend. In a simply managed, “Long Only,” [Read more...]
None of the trend models have reversed since the Thanksgiving thaw in trading. There are 16 trading sessions left before Christmas and what opportunities will present themselves is anyone’s guess. For now, we have 21 trend model trades of which 19 are profitable, so we stay the course.
Find Something That Works…..Then [Read more...]
There is no sense fighting the best holiday of the year. Here is what should be the final updated Trend Models of the week.
Enjoy your Thanksgiving, your family, your friends and let’s have just a stellar December.
About AllanTrends (1) Standard Subscription: Daily & Intraday updates [Read more...]
*Yesterday was the 50th anniversary of the murder of President Kennedy. I posted my own testimonial to JFK over at my personal blog, AllAllan.
**Next Thursday is Thanksgiving and next week will likely see very subdued trading, ergo, an AllanTrends-lite week. In fact, Wednesday-Friday I will be out-of-town and [Read more...]
Below are Hourly charts of GDX and GLD. Together, they paint a picture of a relentless decline in the price of gold. Note the GLD chart is the same one I posted yesterday, just as the GLD short-term trend broke down through support:
Longer term, the trend is even more [Read more...]