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.
Weekly Trend Trading (WETT) System
System Status: ON (As at 30 May 2016) Take new positions. Existing stops stay as they were - new stops are approx 60% of buy price.
Opening Stock Trades
Nil
Closing Stock Trades
Nil
Weekly Momentum System
System Status: ON - as at 30 May - Portfolio re-balanced monthly, positions checked weekly. Stop Loss either a weekly close below the 100 day SMA on the WEEKLY chart, or, a spike above 7% in the 2 day volatility on the daily chart.
Opening Stock Trades
Nil
Closing Stock Trades
Sell SLK on Mondays open (100 day SMA Stop)
Sell TWE on Mondays open (100 day SMA Stop)
RSG sold last Monday - profit 0.6% of the portfolio.
Chart(s) of the day
Nil
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, Andreas F Clenow, Incredible Charts or anything else.)
