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S&P 500: Great follow-through

By Colin Twiggs
March 4th, 2014 6:30 pm ET (10:30 am AEDT)

These extracts from my trading diary are for educational purposes. Any advice contained therein is provided for the general information of readers and does not have regard to any particular person's investment objectives, financial situation or needs and must not be construed as advice to buy, sell, hold or otherwise deal with any securities or other investments. Accordingly, no reader should act on the basis of any information contained therein without first having consulted a suitably qualified financial advisor. Full terms and conditions can be found at Terms of Use.


Research & Investment: Performance update

ASX200 Prime Momentum strategy returned +39.18%* for the 12 months ended 28th February 2014, outperforming the benchmark ASX200 Accumulation Index by +28.54%.

* Results are unaudited and subject to revision.

S&P 500

Sellers evaporated as the S&P 500 followed-through above 1860, closing at 1875 on normal volume. Expect an advance to 1950*. The long-term trend is bullish, with repeated 21-day Twiggs Money Flow troughs above the zero line.

S&P 500

* Target calculation: 1850 + ( 1850 - 1750 ) = 1950

CBOE Volatility Index (VIX) retreated below 15, typical of a bull market.

VIX Index

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