All Allan: Shorter term trends

Monday, August 23, 2010

Shorter term trends

Let's change the view from the big picture to the current trends with a look at the Daily ETF's followed in the subscription service:

The reversal levels change daily, so please do not rely on the above numbers.

Reversal levels are updated daily for subscribers.

Selected Charts

TYP_Daily

SCO_Daily

UUP_Daily

FAZ_Daily

Past performance is not a guarantee of future results

1 comments:

Mike said...: some nice follow thru today....

nice work Allan...

-Mike; 1:24 PM

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Allan

"A long, long time ago
I can still remember
How the music used to make me smile
And I knew if I had my chance
That I could make those people dance
And, maybe, they’d be happy for a while."

ON YOUR LEFT, MY LIFE AND TIMES....A PERSONAL JOURNEY EMBEDDED HERE AND THERE WITH MY LOVE AFFAIR WITH THE STOCK MARKET.

BELOW, ITS ALL BUSINESS WITH A LINK TO MY ALLANTRENDS WEB SITE.

The mantra here is to find something that works, then trade it. That something is Trend Following using a proprietary version of an Average True Range trend line. You can see it embedded on all of the charts that I post. It’s a simple observational system, if prices are above the trend line then prices are in an uptrend and if prices are below the trend line, prices are in a down trend.

For some, the most challenging part is actually trading the system. That’s where I come in with my observations and analysis. The “music” is my feel for the markets, as I have been doing this for a long time, from my first 5 shares of General Motors circa the mid-1960’s, to my reading of The Elliott Wave Principle in 1982 and through my acquisition of Advanced GET in 1994, the year I gave up my law practice and moved to the beach to trade full time. I have never looked back.

My tools are simple, but powerful. This is the best of the lot and I make it available for a nominal monthly fee. Subscribers not only get my proprietary Trend Following Model, but they get me; access to me for questions and/or learning through private email exchanges. We have found something that works. Now we trade it.

AllanTrends

NanoViricides - NNVC

Here is a stock with explosive fundamentals and is currently on a Monthly Trend Model BUY. This company has developed an anti-viral platform addressing a half dozen viral diseases, some of which have NO CURRENT TREATMENTS and are ravishing third world populations, now spreading across borders, rampant and deadly.

I wrote this stock up at $0.10 a share in 2004. It ran to $3.75 before pulling back to $0.50 a share in 2009. I wrote then that 10,000 shares of NNVC (at that time costing $5,000) would some day be worth $1,000,000. Nothing has transpired to change that forecast, while the stock has doubled in the interim. Best of all, NNVC's Trend Models, whether Daily, Weekly or Monthly, will by design capture most of any advance in price.

There are occasionally stocks of the year, stocks of the decade, or even stocks of a lifetime. NNVC carries the potential to be all of the above.

Profile

Originally from Detroit, Michigan, I attended Mumford H.S. the University of Michigan (BA), Suffolk Law School in Boston (JD) and Emory Law in Atlanta (LLM-Taxation ). Thus, with way too much formal education, I opened up my own law practice in Atlanta and closed it down 15 years later, whereupon I moved to the beach, Kiawah Island SC, to trade for a living. I made a fortune in the great bull market of the nineties, than lost 80% of it back in the great bear market of 2000-2002. On a cross-country auto trip in the summer of '03, I thought up a day-trading system for stocks that I then implemented, real time, real money, real success, starting in July of 2003. I continue to trade my system, with some significant modifications.

The stock market crisis of 2007-2008 led me down yet another path, this time through the discovery of simple trend following algorithms. Not long after reading Trend Following by Michael Covel, a reader sent me a link to an article in TASC that in turn led me to an algorithm that turned all that I had ever learned about trading on its head. The outcome is represented in my proprietary Trend Following Trading Models and the evolution of how and why is documented posts starting in late 2009.

As for the personal stuff, the music, the poetry and the joys and angst of living the good life, well, my spirit tells it all in the words, images and ideas that come together through the aegis that is, AllAlan.blogspot.com

A note about the ads on this site: Other then Google ads, you will find only a few hand picked advertisers. Hand picked means I use these products in my analysis, I endorse these products and if you become a consumer of these products through clicking ads on my site, I get credit, either via a small payment or complimentary products.