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Currently  +90% (90% Long-Side ETFs)

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Primary Trend: Bear Market

Intermediate Term: ~ Seven Sentinels Uptrend 7/0, 4-13-2018, SPX 2654

Tracking Account Valuation 1,575,269 +14% YTD 2018 Vs. SPX +0.5% YTD – Outperforming SPX By +13%

~ STS 7/0 Uptrend – 4-23-18/Close – SPX 2670 – Position: 30% TNA, 40% SVXY, 20% UPRO, 20% Cash

STOPS: TNA 72.89, SVXY 11.89, UPRO 133.95

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It first showed up via our short-term sentinels (STS) trend change from down to up on Monday as all seven of the STS trend elements went to uptrend and thus produced a BUY Signal:

By themselves, these seven indicators correctly identified the trend as having changed from down to up on Monday. But we have the following additional confirmations: First the Seven Sentinels (daily measures):

Again, by Tuesday these seven indicators identified the trend as having changed from down to up as they produced a Seven Sentinels BUY confirmation on Tuesday’s close.

But we have even further additional confirmations on Wednesday. Each of the following averages has broken out of the triangle which had contained it- on increased trading volume:

All of the above by NO means changes the fact that we are in a Bear Market which began in late January 2018. In fact, it sets-up, once it runs its course, an even more vicious bear market decline ahead. But it lays out the short-term path. STS, SS and volume break-outs are all confirming the short-term trend as UP.

We are now 90% long via triple leveraged SVXY, UPRO, TNA in sync with the line of least resistance which is up.

We’ll have a pre-opening analysis at 9:15 AM as we recap Futures, Momentum issues, RUT, and VIX and summarize our market outlook heading into the trading session. We’ll update at 11 AM, 1:30 and 3:45 PM.