Weekend Update – Returns just keep rising up 11.23% YTD

2013 Alphahorn Swing SystemThe 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).

If you’ve been considering a subscription service, then we’d love for you to try us out.  The subscription information is noted above and the link to sign up is on the right hand side of the blog; just click on the first link under Blogroll, you can sign up for a month, quarter or full year, the chose is yours.

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.spx 30spx daily

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.
This entry was posted in Uncategorized and tagged , , , , , . Bookmark the permalink.

5 Responses to Weekend Update – Returns just keep rising up 11.23% YTD

  1. R. Kennedy says:

    Hi Pat:

    Couple of questions:

    1. if 4/3 is complete, shouldnt we see a 5=1 scenario, which would take us to the 1576 area? Or are you expecting 5 to be less than 1? Say 62% of 1?

    2. Reading Jeff Saut’s commentary, he expects a 5-7% correction after Barry’s State of the Union address. If that occurs (and I hope it does), would that cause the system to shift into sells? And, if so, what level would trigger them?


    • alphahorn says:

      I expect 5 to be quite a bit weaker than 1. After both 1 and 3 subdivided, we shouldn’t expect too much from 5. I’m looking at 5 = .5-.618x 1

      • alphahorn says:

        regarding question 2, the sytem triggers a sell when my custom indicators that drive it move from bullish to bearish. I don’t expect that to happen until minor 3 is complete, but that’s just an educated guess. the System will tell me when it’s ready.

      • R. Kennedy says:

        Thanks. As per my norm, I never got as “long” as a I planned/wanted. Still have 50% of my cash waiting for a pullback. Pondering putting half of that in….hesitant.

        But the 50% that has remained long has done well. Thanks!

  2. alphahorn says:

    i loaded the boat this year

Leave a Reply