The Solas Trend Following Algorithm has continued to maintain its positions in the banking sector as it adjusts the intelligent dynamic stop, reducing risk and locking in profits along the way.
As reported in a previous blog dated the 20th Jan. 2012 the US Financial sector has gotten off to a flying start to the year, with banks posting better than expected results and earnings better than analysts expectations. With the likes of J.P.Morgan Chase (JPM), Bank of America (BAC) and Goldman Sachs(GS) all having double digit gains, the outlook remains positive for another presidential year.
JPM – Trend Following Long Position
Profits Locked in.
GS – Trend Following Long Position
Profits Locked in.
BAC – Trend Following Long Position
Risk Reduced.
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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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