Strategy Update (2024-06-15)

Nasdaq continues to push higher, the Alpha Signals strategy achieves a 27% gain since May 8.

Chart of TQQQ showing Alpha Signals strategy on a green signal since May 8
Chart of TQQQ showing Alpha Signals strategy on a green signal since May 8

It has been a good rally since early May, and there's no doubt the markets are getting extended while the breadth has been narrowing. It could be a good move to take at least some profits around here. A pullback or consolidation would not be surprising.
Since it's impossible to predict how the markets will continue to perform, it remains paramount to manage risk and exposure.

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