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Top Performing ETFs
- Thread starter investics
- Start date
The action we saw yesterday <b>28.Jan.2010</b>, confirms the down trend is not yet done.
Volume was high.
We will have a <b>Special Post</b> on one of the breadth indicators that has helped me, time the market effectively quite a few times, this week-end.
Thus my status is lying in wait. I will enter before 4:00 PM today, if I see the market has <b>dropped</b> another -2% approx.
.
Volume was high.
We will have a <b>Special Post</b> on one of the breadth indicators that has helped me, time the market effectively quite a few times, this week-end.
Thus my status is lying in wait. I will enter before 4:00 PM today, if I see the market has <b>dropped</b> another -2% approx.
.
<b>Percent of Stocks above 50 Day MA</b>
Here is the special week-end post as promised.
Keeping an eye on the broad market could turn out to be a very effective strategy. One such indicator is the <b>NYSE Percent of stocks above the 50 Day MA.</b>
Thankfully stockcharts.com has made our life a lot easier. Please take a look at the attached file to this post.
If carefully observed one can notice that the short term bottoms seem to be very clean, but tops are not as simple to speculate. Again there is no magic number. But keeping track of this % is very useful in deciding when to enter or exit the market.
One such effective strategy could be to enter the market when this number is below <b>30%</b> and exit the market when the number is above <b>80%</b>.
The tough part of the approach is to decide when the market is changing the trend. Thus it requires a lot patience to able to implement it. This indicator is free and easy to understand, so why not add it to your tools.
Let me know what you think.
Cheers!
Here is the special week-end post as promised.
Keeping an eye on the broad market could turn out to be a very effective strategy. One such indicator is the <b>NYSE Percent of stocks above the 50 Day MA.</b>
Thankfully stockcharts.com has made our life a lot easier. Please take a look at the attached file to this post.
If carefully observed one can notice that the short term bottoms seem to be very clean, but tops are not as simple to speculate. Again there is no magic number. But keeping track of this % is very useful in deciding when to enter or exit the market.
One such effective strategy could be to enter the market when this number is below <b>30%</b> and exit the market when the number is above <b>80%</b>.
The tough part of the approach is to decide when the market is changing the trend. Thus it requires a lot patience to able to implement it. This indicator is free and easy to understand, so why not add it to your tools.
Let me know what you think.
Cheers!
Attachments
Quote from investics:
<b>gk_investor,</b>
You make a good point. I did have similar concerns too.
But then I began choosing ETFs that have a $ Vol(price * vol) of at least $1 Million per day.
When making actual buys I always make sure to scale in accordingly.
Thanks for your comment.
Cheers!
Interesting thread as far as I have read it!
BTW which provider/software do you use for tracking your list of EFTs (including volume)?
<b>Goalgetter</b>
Thank you for your post, I use <b>Strategy Desk</b> by Ameritrade which also hosts one of my trading accounts.
I am working on increasing the daily $ Vol to <b>$5 Million</b>.
Thank you for your post, I use <b>Strategy Desk</b> by Ameritrade which also hosts one of my trading accounts.
I am working on increasing the daily $ Vol to <b>$5 Million</b>.
Quote from Goalgetter:
Interesting thread as far as I have read it!
BTW which provider/software do you use for tracking your list of EFTs (including volume)?
I ran my week-end scans for the ETFs, and below are the top 10:
<ul>
<li>FXP
<li>SCO
<li>KRE
<li>TUR
<li>ECH
<li>EDZ
<li>XBI
<li>IHF
<li>EEV
</ul>
Please note I am not making any buys here, this is just a <b>Watch List</b>.
I found it very interesting, that <b>EDZ</b>, <b>FXP</b> and <b>EEV</b> showed up on this list. They all are short emerging markets.
The one year chart looks very interesting, if the market continues to go down, these ETFs will be the first ones to run.
I am STILL waiting for the sellers to be done.
<ul>
<li>FXP
<li>SCO
<li>KRE
<li>TUR
<li>ECH
<li>EDZ
<li>XBI
<li>IHF
<li>EEV
</ul>
Please note I am not making any buys here, this is just a <b>Watch List</b>.
I found it very interesting, that <b>EDZ</b>, <b>FXP</b> and <b>EEV</b> showed up on this list. They all are short emerging markets.
The one year chart looks very interesting, if the market continues to go down, these ETFs will be the first ones to run.
I am STILL waiting for the sellers to be done.
FredBloggs
Guest
has anyone looked at vxx which i believe is an etf on the vix? (volatility of the s&p 500) interesting surge in volume recently.
interesting to me for 2 reasons:
1/ sure sign of accumulation as a speculative position in its own way.
2/ looks like some time frame is going long on equity volatility in a big way - fireworks ahead for the equity market.
just a casual observation....
interesting to me for 2 reasons:
1/ sure sign of accumulation as a speculative position in its own way.
2/ looks like some time frame is going long on equity volatility in a big way - fireworks ahead for the equity market.
just a casual observation....