Stocks: 11th April 2016

Disclaimer - Read this first!

This is not a signal service. While endeavoring to post signals before time occasionally I will only be able to post signals a day or two late

I am not a financial adviser. These are paper trades. I am not suggesting you follow these signals. If you take any action based on my blog you do so at your own risk.

WETT System

System Status: Off (As at 16 November 2015) No new positions. Stops ratchet up to protect capital

Opening Stock Trades

Nil

Closing Stock Trades

Nil

Weekly Momentum System

System Status: Off - No new positions.

Opening Stock Trades

Nil

Closing Stock Trades

Nil

Chart(s) of the day

Approximately at this time each year the whole 'Sell in May and go away' crowd pop their heads out of whatever hole they dwell in. The idea is that shares usually under- perform between now and December so selling everything and going on a trading holiday are a good idea.

I'm not a believer in managing my wealth by trite rhymes. If you use an on/off switch to manage risk then you will be selling anything that is causing you pain anyway and, like the WETT portfolio just holding the good stuff. In the past I have had the occasional share that held on through several on/off periods before finally paying me a profit of around 200%-250% of my original spend. Why would you want to bail out of that potential because a nursery rhyme told you to?

There are only two stocks left in the WETT system; one is just running flat and the other one is doing this...

Further Information

Disclosure - Personal Interests: ALU and MQA

All Stock charts courtesy of www.IncredibleCharts.com

** WETT Trading style is Similar to the methodology described in 'The Weekend Trend Trader' by Nick Radge, Buy his book if you wish to discover how I am generating these signals (note: I do not receive any benefit from promoting Nick Radge, Dave Landry, Incredible Charts or anything else.)