Micheál Ó Cróinín

Solas Software reduces risk and locks in profits in Global Portfolio

Micheál Ó Cróinín | January 24th, 2012 | Tags:

The Solas M Series Global Portfolio has maintained its Long Bias in the markets while reducing risk and locking in profits on its current open positions.The Solas Trend Following Software has tracked the price action of the ETFs (Exchange Traded Funds) on the products mentioned below and has re-adjusted its dynamic stop loss, having the effect of reducing risk or locking in profits.

European stocks fell from a 5 month high amid a stalemate between policy makers and Greek bondholders as the nations debt continues to burden its economy, thus putting a halt to any push higher from US equities as they consolidated above 6month highs. Gold (GLD) and Silver (SLV) continued there positive start to the year as they made new highs and Oil (XLE,XOP) pushed back towards the $100 a barrel as concern is raised over an Iranian response to a European embargo on its crude exports by a possible shut down of the Strait of Hormuz,

Elsewhere India (EPI)equities surged higher after their central bank cut the cash reserve ratio and also shielded growth by signaling future interest rate cuts. The ProShares Ultra Real Estate (URE) continues to surge upwards as it broke above the significant level that price fell from c.36% last August.

 

GLD – Trend Following Risk Stop adjusted to $160.65

SLV – Trend Following Risk Stop adjusted to $29.34

XOP – Trend Following Risk Stop adjusted to $52.71

URE – Trend Following Risk Stop adjusted to $52.58

EPI – Trend Following Risk Stop adjusted to $17.27

Risk Management Adjustments on other Live Open Positions EWG, XLE, XOP, AUDUSD.

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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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