The Aussie Dollar currency continues to weaken against the US Dollar and is currently bearing down on strong support levels. Following the strong aussie rally at the start of the year the double top in February stopped the upside momentum in its tracks and since then we have made a series of lower low and [...]

The Solas M Series Global Portfolio posted a very impressive performance in the 1st Quarter 2012. Boosted by a strong start to the equities market the portfolio exhibited strong profitability consistency across the trend following and mean reversion strategies employed. Working off the base 0.50% risk per trade the portfolio returned 11.0% over Q1. For [...]

Is the Silver juggernaut on the move again? Silver futures prices surged a whopping 177% in an 9mth period from Aug 2010 to Apr 2011 before coming off the tracks and giving up 80% of the advance over the next 8 mths through to the end of 2011. Having rallied 41% off the December lows [...]

SPY generated an exit signal on the Solas Swing Trading software following yesterday’s upside rally. The latest long swing trade occurred in the shallow pullback S1 strategy and took only 1-day to play out as the market recovered from Wednesday’s pullback in price action to forge new ytd highs and with it an exit signal into momentum. The [...]

Having only exited a profitable 1 month trade to the long side on the Solas M Series Portfolio on Tuesday the EURUSD has quickly resumed its longer term downside weakness as Eurozone concerns once again make the headlines. For much of the second half of 2011 the Euro was under sustained downside pressure owing to [...]

The star performer in the Solas M Series Portfolio year to date is without doubt the India Earnings ETF (EPI). Following a 40% falloff from the $26.00 2011 highs in April of last year this instrument found a base at the end of 2011 above the $15.00 level. After initial consolidation at the lows the [...]

The track record of most succesful hedge funds suggests that systematic trading out performs discretionary trading over the long run. The difficulty with discretionary trading as we have discussed in prior articles is that it’s hard to repeat the trading process consistently. Traders who have tried to implement a trading system will confirm it takes [...]

XLE the Energy Select SPDR ETF has resumed its long Trend Following position in the Solas M Series Global Portfolio. Its latest attempt to push lower was halted by US manufacturing rebounding at its fastest pace in a year as the Federal Reserve reported on Wednesday that Industrial Production rose 0.4% in November. In contrast [...]

Although the markets haven’t established a clear direction they make take, a bullish outlook from the start of the year still remains, as they continue to consolidate at there 6 month highs. While investors remain somewhat cautious, the Solas Trend Following Software and Swing Trading Software continue to be active as it opens new positions in  [...]

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 [...]