Several of the long term trend systems I follow have just recently signaled a change in the trend. Since the November timeframe we have been trending down and in the past couple of weeks 3 of the 4 signals I follow just signaled a change in the trend.
The 4th signal is very close to switching as well and should be confirmed once the SPY closes above $140.
These long term trends don't matter in my Q swing trading methodology since I'm really only looking at 10-15 day trading timelines. But I do follow these signals for the rest of my portfolio. Last week my total portfolio holdings were at about an 80% cash position. I recently started to put that money to work and I still hold about 40% cash. I plan on going to a 100% invested position once this 4th signal confirms.
There is a chance I may get whipsawed on these movements, but I have found that when all 4 signals are confirmed the chances of getting whipsawed are very small.
The futures this morning are pointing to a negative open. The Q's are currently trading down 0.8% in pre-market.
S&P 500 (JUN) -5.75
| Nasdaq (JUN) -9.50 | Dow (JUN) -46
I may look at going long with some April calls near the open this morning for a quick 1-2 day trade.
The 4th signal is very close to switching as well and should be confirmed once the SPY closes above $140.
These long term trends don't matter in my Q swing trading methodology since I'm really only looking at 10-15 day trading timelines. But I do follow these signals for the rest of my portfolio. Last week my total portfolio holdings were at about an 80% cash position. I recently started to put that money to work and I still hold about 40% cash. I plan on going to a 100% invested position once this 4th signal confirms.
There is a chance I may get whipsawed on these movements, but I have found that when all 4 signals are confirmed the chances of getting whipsawed are very small.
The futures this morning are pointing to a negative open. The Q's are currently trading down 0.8% in pre-market.
S&P 500 (JUN) -5.75
| Nasdaq (JUN) -9.50 | Dow (JUN) -46 I may look at going long with some April calls near the open this morning for a quick 1-2 day trade.
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