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market still going up...wall of worry? or the train is leaving the station? ummm... I am pondering if I can somehow combine the NYSE percent of stocks above 50-day MA with another technical measure to help me determine the "strength" or "degree" of overbought-ness (just coined a new word.)...

Last week, you made an excellent call that the market was facing selling exhaustion. Exactly that has what transpired; I bought QID last week, if you read my comments last week, to follow the market downtrend. And so far, I have not made a penny. And, your reason to go with QLD and TYH, due to...

Just wanted to disclose that I bought some QID couple of days ago. We will see what happens when the job report comes tomorrow. May be we will see some serious downside.

Investics, When most of the market is down today, why did you make a decision to buy TYH now? Is this a contrarian play, to go against the market direction? You could've gotten in to TYP, if you want to go with the trend?

Investics, Average daily volume of ETFs in the watch list above are not high enough in my opinion. I only consider ETFs with at least 1 million average daily volume.