Seeking Alpha

Kevin Wilde's  Instablog

Kevin Wilde
Send Message
Kevin Wilde is the chief trading strategist at alphaking.com and a Marketocracy.com Master. Investors can follow his trading advisories via his Daily AK newsletter, or have their money run for them via Marketocracy.com money management services, where Kevin's trades will be automatically entered.
My company:
AlphaKing.com
  • Blow-Off Bull Approaching Terminal Reversal... 2 comments
    Jan 22, 2013 12:08 PM

    Another week of reasonably constructive bullish action that did nothing to remove the danger of a terminal reversal. The Transports breaking to new highs remain the lone confirming sign of my divergence/confirmation indicator, with volume and ADX momentum remaining in the red arrow negative divergence camp.

    Lot's of tech earning to come in the next couple of days - IBM, AAPL, GOOG, MSFT - with the reaction to those likely to break this chart set-up one way or the other.

    The red line for NASDAQ and volume breakout remains the key - and things look super bullish if we get such bull confirming action - while support at point b in the chart remains the "bears have won" trigger point.

    We remain in a blow-off rally that will likely morph into the next Great Bear once complete, and those red lines need to be taken out for the current blow-off to bloom into its full potential. A 1999-style mega bear flush-out remains a very real possibility if the bulls can deliver some acceleration to the buying.

    These High Risk years are not for the faint of heart, as the bulls and bears push the market first up then down, till a definitive victor is declared. We get closer to the latter by the day.

    Kevin

    Some ETFs I am long at QLD, XHB, EWG, EWH, EWW

    Sign up at alphaking.com to view the full list of positions held.(click to enlarge)

    Disclosure: I am long QLD, XHB, EWG, EWH, EWW.

    Themes: IBM, MSFT, GOOG, AAPL
Back To Kevin Wilde's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • Wachholder
    , contributor
    Comments (67) | Send Message
     
    folks have been "top" calling for the last year, if not longer. Why is This TIME, any different?

     

    We certainly don't have a runaway market as the averages are now testing support price areas, and actually appears to be presenting good entries, which is what I did in Fridays' early action on 4/5 - i added back to position I lighten up week's earlier.

     

    Can't claim negativity will cause a top, as we've had nothing but negativity in the most hated bull rally.

     

    I must admit, I did not read your article, I'd like to, except it's just too long, try shorting it up, just a suggestion.
    7 Apr 2013, 12:45 PM Reply Like
  • Kevin Wilde
    , contributor
    Comments (83) | Send Message
     
    Author’s reply » Read my latest update http://bit.ly/WpVqYk
    8 Apr 2013, 10:33 AM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.