Another profitable week of trading for alphahorn subscribers.  Last Sunday in my weekend update I alerted subscribers that the markets were poised for a rally (see last Sunday’s update: http://alphahorn.com/2011/08/21/weekend-update-9/).  I noted the  positive divergence that had built on my favorite swing indicators and noted it was time to finish taking profits on shorts and it would soon be time to scale into longs. Then on Monday, I began to roll into long positions, by Tuesday all shorts had been exited and the portfolio went 50% long / 50% cash.  For the week the portfolio made about 5.5% on its positions, with 9 winning trades that included 2 double digit winners in our gold short via DZZ and financials long via FA, which brought the portfolio’s booked profits to over $53,000 or up over 41% since the portfolio began logging real time all its trades – Click on the link for a list of July/August trades:  summary table

If you would like to become a subscriber to this newsletter and receive: intraday, nightly, and weekend updates filled with charts, analysis, buy/sell signals on 10 indexes and swing indicators not found anywhere else then please follow this link to the subscriber page: http://www.alphahorn.blogspot.com/.  Yes, it’s a bit more expensive than some of the EW sights, but you get far more actionable information that you can trade on.

EW analysis is part of what one receives, but as I found as a trader, EW analysis alone is merely a tool pointing to possibilities.  The 30 min SPX chart above lays out a couple of possible EW counts, one points to a big break up on Monday, the other to a break down to new lows, so what should a trader do?

I invite you to browse the site, see the different tabs above such as the Demo SPY tutorial, and down below where I have unprotected a couple of posts starting with last Sunday’s post.