Clifford Bennett - Market Update

On 9 February 2018 Clifford Bennett wrote that the market correction would be 'sharp ugly and brief!' As usual is seems Clifford was correct.

snapVIEW hold on to your hats - 14 February 2018

snap: we are getting our favoured immediate recovery.

More importantly however, you need to be aware that the upside acceleration from here may well be tremendous. There is a real risk of many people being left behind now in what will be a very sharp resumption of our Grand Bull Market to fresh all time records highs.

The Australian market is set to launch higher rather spectacularly. Especially the big miners.

In currency markets too we are getting our favoured resumption of upside positioning. This is still only the very beginning however, of what will be major upside trends for Euro, Sterling and the Australian dollar

Remember we said,

sharp ugly and brief!

Now for big gains across the board, and we are against the market expecting volatility to subside dramatically as well.

What nobody expects; another low volatility sharp rally.

Regards,
Clifford



US Small Business Optimism Index
The NFIB's Index of Small Business Optimism rose to 106.9 in January. Boom economy.

UK Inflation Stable.
The rate of inflation was 3% in January. Reflecting a very strong economy that can absorb a rate hike.

Dow Jones
Can spend a day or two more here, but massive upside acceleration is the dominant risk.

NASDAQ USNAS100
Looks ready to accelerate sharply higher.

ASX200
Ready to launch higher in a very big way.

EUR/USD
very excited about this market going a lot higher.

GBP/USD
Building. Building. Expect very sharp gains over coming weeks

AUD/USD
A screaming buy.

Gold
Very nice looking market.

Oil US WTI
Still heavy. Still looking for a recovery.


Hold onto your hats. Markets are set for tremendous and sharp upside. Just keep buying.

That’s a lot for your contribution! But, it would be better if you add here relevant entry point with the SL & TP levels!

We do not take profit - we trail stop loss allowing unlimited upside. Generally our Stop Loss is about 0.3% to 3% of portfolio value.

The entry levels and stop losses is commercial proprietary information is only available to our subscription clients through SimpleTrader where we offer two subscription signals - same trades but different brokers to allow for different lot values to enable clients using different brokers to match our trades.

Regards
Harold

0.3% Stop Loss? Then, what about the trading equity.

We are fundamental traders so he stop loss is place a level that meets our fundamental view; it is not a set percentage - it varies from trade to trade. We also trade based on the equity of the account; many traders trade based on account balance; we use equity because it is more realistic when a number of open positions may be held at the one time. The stop loss is a percentage of the equity of the account so the higher the equity the higher the absolute position traded - if we have a draw-down then the equity is reduced and the absolute trade sizes is accordingly reduced.

Finally our trade size is always equal to (give or take the constraints of eh MT4 platform) the account equity - the smaller the account equity the smaller the position traded, the larger the account equity the larger the position traded.

I hope this helps

Regards,
Harold