Wednesday, April 11, 2018

QLD 50% long for Thursday (with risk overrides)....04.11.18

A whippy trading day as we await the outcome of the possible Syrian bombing and the developing Trump/FBI trainwreck. We bailed on our 50% QLD long troday once it got back to the zero line without violating our limit stop, so again, the actual metrics are better than those posted.  (see the weekend post for details). The markets could get volatile when Trump finally starts lobbing missiles and/or Israel lobs a few over at Iran.  Cash looks like a comfy strategy for the next couple days...especially as we get closer to the risk prone weekend.
The TrendX charts are not in sync.....getting cause for additional concern about signal reliability.