Top Performing ETFs

<b>asiaprop</b>

Thank you so much for taking the time to post.

You insights are very valuable to us.

I will reply to your post soon.

Cheers!


Quote from asiaprop:

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.
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Not the best way to start a Mon, but on the brighter side at least the bleeding might have stopped.

Do not make decisions in panic mode.

Take your time.

Let us wait till the end of day to draw conclusions before we start going in LONG!

Have a FANTASTIC week ahead!
 
Quote from investics:

<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!
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Invests;
50 dma ,
& 200 dma & 50 ma is one /2 of my favorite Two of Investors Business Daily's favorites also........................................ This link works, not all do. Thanks.

Also i would rate the sector & stock more important than ''market'', but for sure look @ market & SPY/50 dma as similiar to what you wrote. Eventually it effects it, usually.

Classic bullish example s are homeowner selling/buying, should consider ''market'';
but not be a slave to it. Same for some bearish bank stocks like Citigroup, Bear Stearns , LEH,MER, CFC, but most of those are no longer with us LOL:D
 
I am glad I decided to wait for the close to make my move. Even though we closed on the downside, it was weak by volume. We might have reached a stage where sellers might be running out of options.

The bulls had a nice opportunity to take control and did not come through.

The market could move side ways, for a while here.

<b>So, What am I looking for here?</b>
I am looking for a strong bullish move on the indexes with high volume.

I will also be looking for the new emerging leadership in stocks to identify sectors showing strength.


Cheers!
 
I think a long is in place if ES breaks above 1050. Apple down 3.5% is telling. I strongly recommend everyone to refrain from trying to play a reversal unless we make back what the indexes lost since the Europe open. If support around 1035 is broken then I think we see more downside to 1020 levels.

Quote from investics:

I am glad I decided to wait for the close to make my move. Even though we closed on the downside, it was weak by volume. We might have reached a stage where sellers might be running out of options.

The bulls had a nice opportunity to take control and did not come through.

The market could move side ways, for a while here.

<b>So, What am I looking for here?</b>
I am looking for a strong bullish move on the indexes with high volume.

I will also be looking for the new emerging leadership in stocks to identify sectors showing strength.


Cheers!
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went long ES at 1050 and bought GS at 138.70.

Stop for ES at 1042

Edit: Adjusted my stop to 1036. Too much volatility. Will add if we break 1056 to the upside.

Quote from asiaprop:

I think a long is in place if ES breaks above 1050. Apple down 3.5% is telling. I strongly recommend everyone to refrain from trying to play a reversal unless we make back what the indexes lost since the Europe open. If support around 1035 is broken then I think we see more downside to 1020 levels.
More...
 
raise my stop in ES to 1055.


Quote from asiaprop:

went long ES at 1050 and bought GS at 138.70.

Stop for ES at 1042

Edit: Adjusted my stop to 1036. Too much volatility. Will add if we break 1056 to the upside.
More...
 
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