3 replies to this topic

[diogenes227]

From the link:

 

If one is a swing trader in ETFs 3x-Leverage is the name of the game.

 

For example, the currently short-term breadth indicator I follow gave a swing buy signal last Thursday for Friday’s open and the market exploded to the upside Friday. While the Dow and the SPX stalled out today, the Nasdaq put on another up day, actually the seventh in a row. The same short-term breadth signal that gave the buy for Friday morning has now given a sell for tomorrow’s open.

 

I will not be surprised if tomorrow the entire market takes a dip, likely just a dip, not a tumble.

 

Been saying this here for years, like TQQQ up 5% in two days...

 

BUT HERE IT SOME OF IT AGAIN, AND A CHART PANEL.

 

Also check out discussion of NAIL and the banking ETFs.  Until 2008 happens, can't conclusively say...but it's sure beginning to look like the 2007 top in the interaction of those sectors.

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[darnelds]

Dio,

 

Thanks for sharing your charts.  It looks like a lot of signals.  Do you automate trades in Tradestation?

[diogenes227]

Yes, I automate.

 

Nothing like a gap to get out of the long (see link above) and a crap to scalp the short (see put in the chart on the right).  Took some off on that spike just because...

 

[CLK]

Good call and trade, Dio.