Thursday Update

I started this blog almost 10 years ago with a $100,000 Portfolio. Every trade has been published either the night ahead of the trade or real time. The SPY open January 1, 2011 at $104.28, today it closed at $350.24. If you invested $100,000 in the SPX ETF SPY over that period of time today it would be worth $335,865. This equates to a CAGR of ~12.9% – not too bad. Meanwhile the Alphahorn Portfolio started trading at that time and it is about to cross the $1,000,000 mark or ~26% CAGR over a 10 year period. This is virtually unheard of in the money management and hedge fund world. I hope you appreciate the product.

The Portfolio took profits on a number of equity trades. This might be short-lived cash position. But, I’m considering an alternative count and I’m up 25% year-to-date I’ve reached my hurdle so I’m going to be fairly conservative from here on out. Meanwhile the Alphahorn Swing System confirmed long/buy Signals for the SPX, Nasdaq, Biotech, Real Estate and Alerts for the DOW, Financials, and Miners.

The wave count continues on course. Minuette wave (iii) of minute wave [i] of 3 looks to have concluded today. A pullback in minuette wave (iv) typically reaches wave four of lesser degree. If correct, then we should see another push up to make a new all-time high for the SPX to conclude [i].

I’m watching the previous all time high. If we have a pullback before that is breached to the upside, then I’ll be showing an alternative count.

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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