Wednesday Update: Up 33% YTD

Not much to report tonight. The Alphahorn Swing System continues on buy/long Signals for equities and sell/short Signals for precious metals and miners. The Portfolio remains long precious metals and miners. Silver is right at key resistance. A gap up and hold over the red/green indicator will be very bullish for the next big run up. I made a mistake on the exit price for QLD last night; I entered a price way below yesterday’s exit price. It has been corrected. And, now reflects our proper YTD performance of +33%

No change for the wave count. Still looking for a minor wave 1 of (5) high confirmation. The more bearish scenario is also depicted since we don’t know yet the degree of the waves up. The depth of the coming pullback will clarify the count. Once again if you missed the Thanksgiving Updates I go into greater detail as to why I prefer minor wave 1 of (5) rather than all of (5).

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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