As we watch this intermediate term pull back play out, and wait to see what the first day of trading in Q3 brings, we continue to add to our Q2 forward tests. We are cautious as trade worries increase. That said, today we add 3 names to our bullish swing trade portfolio forward test and manage our existing positions. Watch HERE
Relative Strength Wednesday Video here Based on Chaikin Powerbar differentials, Healthcare and Utilities are showing the strongest potential for future out-performance over the coming 3 - 6 month period. Both also show outperformance when one looks back over the one, three and six month time horizon. Chaikin Analytics data is encouraging us to be defensive!
Ahead of the open, we cover our weekly Macro-Monday analysis. We continue to see sector rotation. We also manage our swing trades and look for new trades to add to our forward test. Listen HERE
Today is the day we hold ourselves accountable and measure performance of our Chaikin powered Swing and Trend Trading portfolios. Trading video here. Swing Trading in Q2 was solid. Assuming $10,000 invested per position, we netted $9,345 in profitable trades, gave back $2,519 in losing trades, resulting in total profits (before taxes and commissions) of $6,826.27.
Relative StreNgTH Wednesday
As the market struggles to find direction amid the headlines, we dive into our weekly Relative Strength Wednesday analysis. We believe there has been, and continues to be rotation and leadership change, our weekly relative strength analysis seems to confirm that. We'll also search for trades to add to our forward tests. Spoiler Alert: We add 2 trades to our Q2 trend trading test. Listen in, on demand HERE
Join us for Macro-Monday. As trade tensions increase, the dollar rally continues and oil flirts with it's short-term uptrend we dive into our weekly Macro analysis. The US is the place to be by all accounts. Join us HERE
* Note: The final 4 minutes of this recording were lost due to a technical issue.
Here is the link to Friday's Trading Video. Today, we managed our swing trades. With the market bullish, but overbought, we've exited a few bullish winners and got punished on some bearish losers. Meanwhile, our trend trading portfolio, which we started just a couple of weeks before the Winter market downturn turn, is enjoying success from some big winners, which are offsetting our losers. We'll be tallying up our performance in July.
Bonds held their ground, the dollar rallied and oil continues to look for its footing. Today we exit several of our bearish swing trades, with mixed success. We also look for new trades to enter as the market remains overbought. Join us HERE
Consumer Staples showing the earliest signs of life in terms of price action, but Powerbar differentials remain decidedly bearish. Consumer Discretionary joins Tech as a bullish sector with strength in all three time frames. Relative Strength Wednesday Trading Meeting Here
Despite the headlines and political environment, markets remain more bullish than bearish. With a Bull V Bear ratio greater than 1 and price back above the long-term Chaikin average we're hunting for bullish opportunities. Join us today for our weekly 30,000 ft view of the macro's.