[KVB]

Originally <a href='https://www.sportsbookreview.com/forum/showthread.php?p=30266443'>posted</a> on 05/13/2021:

Today’s Report will walk us over the last month of The KVB MLB Contrarian Fund Backbone plays and charts. The following explains the chart markings with links to plays and analysis...

The Yellow Dot is on April 15th when I predicted a sideways market saying this…

Can't say the loss wasn't due after 5 wins in a row for the KVB MLB Contrarian Fund Backbone. I think we enter a sideways market here with a possible slight retreat from the high. Hopefully I'm not talking about a negatve and bear market or entracted retreat in a couple of weeks...

On April 28^th, the other side of the head and shoulders mountain at the Purple Dot, I said these two things…

...If we are crashing, we could see a -6 unit drop from this point (Fund is currrently +6.33 units with the CLE loss today) before the market even thinks about coming back. The alternative is we gain support here but with such classic head and shoulders and reverse head and shoulders it's hard to see anything but a crash...

...read these reports and analyses carefully. They explain why we are moving some assets out of the KVB MLB Contrarian Fund into awaiting cash...

On May 8^th, marked by the Red Circle, I said this…

..It's looking more and more like we are at least rangebound and another successful test back to 0 units with a bounce up would be a very good sign...

That 0 referred to the season to date chart and a successful test is exactly what we saw. Note that the lowest support line drawn, the season to date 0 line, and the 100 play SMA all coming to a point at the Green Circle. The Red Circle is at the SMA 50…






Here's a link to the most recent Summary with links to every original play, inluding the most recent play on May 13th...

Summary as of May 12th.

Analysis and Outlook:

The KVB MLB Contrarian Fund Backbone is a market tracking Fund and has been doing just that. My analysis through the weeks has been spot on and those who regularly follow these market tracking analyses have seen this in both the NCAAF and NBA, with the market tracking Funds.

The KVB MLB Contrarian Backbone Fund continues to be in a Buy signal and range bound showing some stabilization at these levels. It’s possible we see a breakout to the positive side and perhaps even a test of the season high in a longer term “double top” outlook.

Short term we should continue to test at both the 50 play SMA on the top side and the SMA 100 on the bottom side with the indicated support and resistance lines and 10 and 20 SMA lagging indicators being relevant.

While the last two wins were an increased unit size in an Aggressive Trader Fund, due to the recent classic Head and Shoulders pattern this season I am not recommending buying back into the Fund and will continue with the current unit size, established at the Purple Dot in the chart above. That said we are watching closely for all signs of a breakout, including volume scoring, to begin another potential leg upward. As usual, patience is important here.



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