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Kevin Wilde
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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.
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  • Stock Market Short Term Sell 4 comments
    Feb 27, 2014 7:30 AM | about stocks: QQQ, SPY, DIA

    The short term indicators in the chart below gave a buy signal (green circle and blue arrow) at the end of January, and are now signaling a sell trade in the opposite direction (red and yellow circles.) Indeed all short term indicators except the VIX BB extreme are issuing sells at this point.

    Janet Yellan speaks today in front of the senate, and of course the FED has 4.5 billion of QE bond buying POMO ready to greet her words, so the week and month might end OK for the bulls, though the short term indicators are saying to expect March to start with some weakness.

    The optimal allocation remains a conservative 50% long at this juncture, adding more exposure on dips while the trend remains up.

    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, SPY, DIA
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Comments (4)
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  • Master Che
    , contributor
    Comments (106) | Send Message
     
    The sell signal depends on which item

     

    If it's the ES-SPY-SPX there is no sell signal - only further compressing before the next leg up -
    The DJ-30- OEX - RUT are flashing sell signals
    27 Feb 2014, 08:35 AM Reply Like
  • Kevin Wilde
    , contributor
    Comments (83) | Send Message
     
    Author’s reply » Well is a sell signal - from my indicators - which has me taking a cautiously stance on the long side here.
    27 Feb 2014, 04:06 PM Reply Like
  • mexec1
    , contributor
    Comments (41) | Send Message
     
    While your system looks very complicated, there's no doubt in my mind it's correctly predicting what's next. Keep up the good work! I'm wondering if you have any opinion regarding gold's direction in relation to what your system is signalling?

     

    Thanks
    Mike
    27 Feb 2014, 08:46 AM Reply Like
  • Kevin Wilde
    , contributor
    Comments (83) | Send Message
     
    Author’s reply » I'm in the camp that gold has more work to do on the downside before we get a very large rally. Maybe a double bottom. Maybe a smash and grab below the lows that soon reverses. 1150-1600 is my best TA guess.
    27 Feb 2014, 04:04 PM Reply Like
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