The Alphahorn Swing System is killing it: up 11.23% YTD on all trades, up approx. 12% on open trades, up 25% on its Energy trade, 24% for both the Russell and Financials and 16% on the DOW and 14% on the SPX, 2013 is off to an absolutely terrific start.  I developed the system for market periods just like these, to catch and ride market swings, whether on the long side or the short side.  Though the swing system went long for several of these indexes in late 2012, for the purposes of recording returns, as of the close of 12/31/2012 profits on open trades were closed and recorded for the 2012 year, and the closing price on 12/31/12 is used as the entry price for those trades for calculating 2013 returns (in other words, subscribers who chose to take the buy signals back 2012 are up 40% or more on some of these trades).

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The Alphahorn Swing System remains where we left it: all equities, energy and silver remain on LONG/BUY signals, while Treasuries and gold remain on short signals.  I continue to expect Gold to be the next signal change.  For now, just keep on enjoying the ride and keep on ignoring all the noise out there predicting “TOPS”.  The market is living upt to the preferred wave count for now.  Wave 3s have a way of just milking upward while everyone keeps awaiting a correction.  The 30 min chart shows my favored that the final leg of minor wave 3 has begun.  Minute wave [iv] concluded last week as an irregular flat and now we should see five waves up to complete minute wave [v].  I wouldn’t be surprised to see the Swing System remain on LONG signals for equities all the way up to 1550 or more.