Three Free Days – Day 3 – Monday Night Update

Well for those of you have been visiting, I hope you’ve enjoyed your stay.  You’ve had a pretty good look at what life is like around here, getting a taste of weekend updates, intra-day updates and now week night updates.  I hope you can see the value of a subscription, if so then you take advantage of the Special Quarterly Rate of $200 while the Special lasts!!!  We’ve had a great run here. Since we began documenting trades real time the portfolio has produced remarkable returns, already achieving its 40% ROI goal and now closing in on its 50% revised goal.  Check out the Returns tab above. This weekend I posted some of my immediate term indicators on Saturday and noted they pointed to a gap up Monday opening.  True to form, they delivered.  Last Friday, subscribers were alerted to go long bullish ETFs as the 30 min chart (above) signaled an immediate term buy, ahead of the big move.  These positions have paid off well, and are still cruising (Note, some of the positions in the table below are positions opened on Wednesday that I was unable to close out of on Thursday due to a family emergence that prevented me from trading).  During the day today, we noted that the portfolio was moving its stops up and it has again as of the close, see the table below.  Also, I posted an udate on Gold, which has been on an ALPHA SELL SIGNAL for the better part of a month now. As far as tomorrow goes, I see more upside.  The immediate term indicators remain bullish, so at the least we should see a new high before any reversal. The target for the SPX is now the 61.8% retracement level around 1180.  The signals strengthened considerably today, the COMMODITIES (Gold, Energy, Copper) remain short, but I do love COPPER and Energy here and the portfolio might be adding them tomorrow, stayed tuned!  The Equities had great days, and many have turned to the LONG/BUY side on the short term swing indicators, check out the charts below. Subscribers remember your tutorials and make your own investment decisions.  Until tomorrow, enjoy the ride.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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