The markets held on to its bullish start to the year after the bears attempt to push the markets lower was short lived in last Fridays trading as all the benchmark indices ended the week in positive territory, albeit on light volume. The S+P, Dow Jones, Russell 2000 and the Tech heavy Nasdaq all gaining year to date from a range of 1.7% to 4.1%.
Although the markets have pretty much consolidated above the previous weeks range the Solas M Series Portfolio continues to activate new signals confirming the Solas Software’s ability to work in different market conditions and across a diverse range of instruments.
SPY – New S1 Swing Trade Long Position
DBA – New Trend Following Short Position
Risk Stop @ $29.19
Risk Management Adjustments on Live Open Positions
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About the Solas Trend Finder Algorithm (STFA):
The Solas Trend Finder Software is designed for traders and investors who want to take advantage of short, medium and longer term trends across multiple timeframes on all major asset classes including global indices, equities, exchange traded funds (Etfs), commodities & forex.
About the Solas Swing Trading Software (SSTS):
The Solas Swing Trading Model is an end of day trading strategy which delivers high probability trade signals both long & short within a defined trend across the main indices, equities & etfs.
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