Alright, here we go.
The KVB MLB Contrarian Fund Backbone plays through 75 plays with links to every play. The current season ROI is up to 8% and the 2020- Present ROI is 8.89%...
But the saga on the charting continues.
We've followed up the breakout with a test and bounce of the top resistance line, which could become our support. Ask yourself, how can my lines be so exact?...
Assets were partially moved (50% of what was moved out at the Purple Dot) into this Fund today after breaking the SMA 50. I am recommending that the rest of the assets to get back to the UNIT level of the Purple Dot be moved into the Fund once the Fund tests the SMA 10 successfully.
This is important. We have a rising SMA 10 and 20 and the SMA 10 has crossed the the 50.
If the SMA 20 can ramp upward with the 10 and get over the 50 we looking very positive in the outlook.
But what I am looking for is the SMA 10 to be tested by our units, with the SMA 10 rising and the units bouncing off
I want to see that thin red line curve upward and have our thick blue unit line bounce off of it, like this...
There are no guarantees here and these markets can get very tricky at these potential breakout phases.
If we can bounce off the SMA 10 will testing my highest support/resistance line, or do it even higher than that line, we could be in very good shape for the summer phase of this season.
You just have to love the progression of these charts right now.