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
  • Danger Rises As Non-Confirmation Grows... 0 comments
    Feb 25, 2014 11:29 AM | about stocks: QQQ

    No change in the technical set-up, where the trend remains up, though the short term indicators continue to signal a pullback to alleviate the overbought condition is likely on deck next, while the big money sentiment chart I show each Thursday remains on a red arrow sell, while the contrarian/ADX combo also remains on a red circle sell, which I show each Tuesday.

    All of which says a conservative 50% allocation on the long side is the way to go - for my +200% thru -200% allocation model.

    No change to the divergence/confirmation chart, which I show each Monday, with only the semis and McClellan Summation index offering green confirming arrows, while everything else remains in red arrow non-confirmation mode. Such divergence has not been seen in years, adding further technical evidence the "go cautious on the long side" stance of the AK strategy is the way to go at this tricky and potentially treacherous juncture.

    If you would like to track updates on the chart shown below sign up at alphaking.com, click on the verification email, and get THREE months free access to my on-line newsletter.

    -Kevin

    (click to enlarge)

    Disclosure: I am long QQQ.

    Stocks: QQQ
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 (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


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.