Weekend Update

The Alphahorn Swing System enters another week with equities on long/buy Signals across the board and precious metals and miners on sell/short Signals. Per Thursday’s update the Portfolio entered UPRO and QLD on the green open Friday.

The blue wave count is looking for a confirmation that minute wave [ii] is complete. As labeled below, I have it as complete, but there is a chance the (b) wave completed on Friday and another push down might be required to complete [ii]. A new all time high will confirm minute wave [iii] is underway.

The big picture Elder daily charts for the SPX, DOW and Nasdaq are all bullish. Some key moving averages lie just below, so an

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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2 Responses to Weekend Update

  1. guavaghaut says:

    Received Monday at 5:01 pm….must be a long weekend.

  2. alphahorn says:

    My bad, I thought i posted it last night but you have to confirm it a second time which i didn’t do. i noticed it when I was about to post monday’s update

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