Buy the euro?
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Top Performing ETFs
- Thread starter investics
- Start date
<b>Market View for 17.May.2010</b>
Buy Aggressively
Buy Cautiously
<b>Wait</b>
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
<b>Top 5 Leveraged Bear ETFs by 6 Months Momentum Ranking:</b>
<ul>
<li>EUO
<li>DPK
<li>EPV
<li>EFU
<li>SCO
</ul>
I am on the sidelines.......
Buy Aggressively
Buy Cautiously
<b>Wait</b>
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
<b>Top 5 Leveraged Bear ETFs by 6 Months Momentum Ranking:</b>
<ul>
<li>EUO
<li>DPK
<li>EPV
<li>EFU
<li>SCO
</ul>
I am on the sidelines.......
We might have hit the short term bottom. The markets came back nicely during the post lunch session and gained most of the bear movement from that morning.
The volume was above average and the money flow in and out was almost equal.
I am changing my status from wait:
Buy Aggressively
<b>Buy Cautiously</b>
Hold/Wait
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
Buying a little <b>QLD</b> might be a good way to scale in.
.
The volume was above average and the money flow in and out was almost equal.
I am changing my status from wait:
Buy Aggressively
<b>Buy Cautiously</b>
Hold/Wait
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
Buying a little <b>QLD</b> might be a good way to scale in.
.
<b>Market View for 18.May.2010</b>
Buy Aggressively
Buy Cautiously
<b>Hold/Wait</b>
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
<u>No. of Stocks above 40 EMA*</u>
<b>Tue, 18.May: 27%</b>
<b>Mon, 17.May: 37%</b>
<u>No. of New Six Month (26 weeks) Highs*</u>
<b>Tue, 18.May: 48</b>
<b>Mon, 17.May: 64</b>
<u>No. of New Six Month Lows*</u>
<b>Tue, 18.May: 50</b>
<b>Mon, 17.May: 67</b>
*The stats above were calculated on the top 3000 stocks by liquidity(not market cap).
Buy Aggressively
Buy Cautiously
<b>Hold/Wait</b>
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
<u>No. of Stocks above 40 EMA*</u>
<b>Tue, 18.May: 27%</b>
<b>Mon, 17.May: 37%</b>
<u>No. of New Six Month (26 weeks) Highs*</u>
<b>Tue, 18.May: 48</b>
<b>Mon, 17.May: 64</b>
<u>No. of New Six Month Lows*</u>
<b>Tue, 18.May: 50</b>
<b>Mon, 17.May: 67</b>
*The stats above were calculated on the top 3000 stocks by liquidity(not market cap).
Quote from investics:
<b>failed_trad3r</b>
ETF <b>EUO</b> is looking very good, but to be very honest I have never traded it to so I am not sure.
Read my next post*
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
This and Hakon's problems reminds of my suggestion a couple of posts ago that proven (just 1-2) indicators would be a very helpful,
indeed.
In addition every market is different obviously.
And looking at the daily data only is not sufficient either.
Although it does not affect opur trading imho -
here is an interesting thread worth reading in order to understand better what is going on in the markets and no doubt accelerating
unless markets will be regulated to a certain extent.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=199150&perpage=6&pagenumber=12
<b>Market View for 20.May.2010</b>
Buy Aggressively
<b>Buy Cautiously</b>
Hold/Wait
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
<u>No. of Stocks above 40 EMA*</u>
<b>Thu, 20.May: 6%</b>
<u>No. of New Six Month (26 weeks) Highs*</u>
<b>Thu, 20.May: 2</b>
<u>No. of New Six Month Lows*</u>
<b>Thu, 20.May: 339</b>
We have reached extreme oversold levels here. The market breadth is at the lowest levels I have seen since Mar, 2009. The market will bounce back soon. Thus we need to be ready.
*The stats above were calculated on the top 3000 stocks by liquidity(not market cap).
Buy Aggressively
<b>Buy Cautiously</b>
Hold/Wait
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
<u>No. of Stocks above 40 EMA*</u>
<b>Thu, 20.May: 6%</b>
<u>No. of New Six Month (26 weeks) Highs*</u>
<b>Thu, 20.May: 2</b>
<u>No. of New Six Month Lows*</u>
<b>Thu, 20.May: 339</b>
We have reached extreme oversold levels here. The market breadth is at the lowest levels I have seen since Mar, 2009. The market will bounce back soon. Thus we need to be ready.
*The stats above were calculated on the top 3000 stocks by liquidity(not market cap).
thanks for the PM. I went through some of the last pages of this thread, i like your point. There is zero reason to trade a premature reversal with very poor risk reward ratio. If buying sets in then let the market be the guide through delayed price action (DMAs). I gave up long time ago trying to predict the market. I let other ET experts do that who claim they are a lot better at that than I am.
What I look for is precisely what you described in this post. If markets want to go higher then I wait until selling has been exhausted.
Coming back to your approach could you describe a little more what you are looking at besides a larger group of names that trade either above or below their own 50 DMA? I also use it among other tools but wonder how you look at things. I am not into any leveraged ETFs as I trade index and bond futures as well as foreign exchange.
P.S.: In reference to your last post, it sounds as if you divert from your earlier strategy. Just because something is low and down does not mean it cannot go lower. If we see a market where the broad number of names make less new lows and more new highs would show that things start turning around. But even that is just a reflection of some buying off the extreme lows which may be reversed a day later. Right now we are in a downtrend and may soon re-test the 200 DMA thus i would be extremely cautious with getting too long.
What I look for is precisely what you described in this post. If markets want to go higher then I wait until selling has been exhausted.
Coming back to your approach could you describe a little more what you are looking at besides a larger group of names that trade either above or below their own 50 DMA? I also use it among other tools but wonder how you look at things. I am not into any leveraged ETFs as I trade index and bond futures as well as foreign exchange.
P.S.: In reference to your last post, it sounds as if you divert from your earlier strategy. Just because something is low and down does not mean it cannot go lower. If we see a market where the broad number of names make less new lows and more new highs would show that things start turning around. But even that is just a reflection of some buying off the extreme lows which may be reversed a day later. Right now we are in a downtrend and may soon re-test the 200 DMA thus i would be extremely cautious with getting too long.
Quote from investics:
Do <b>NOT </b> jump back in right away.
Sellers are just coming in, we will have a lot more such down days.
We have been waiting for this a long time. In the recent past, all such dips have been bought.
We will sit back and wait for <b>Selling Exhaustion</b>, which will minimize our risk.
Cheers!