Thus far,  tech stocks, as measured by the ultra 3X ETF, TYH, are declining within the channel I have been watching for several weeks.  The question, which my stock buddy, Judy, raised when I first posted the channel was, will the bottom of the channel hold as it has in the past?  No one knows.  [...]

The market deteriorated very quickly last week.  The 4 down days occurred on much higher volume than the single up day.  In fact, the up volume of some of the bear  3X ETF’s (EDZ, FAZ, ERY) was the highest I have ever seen, especially on Friday.  The 2X  Ultra short  QQQQ ETF (QID) also had [...]

The table below, like the one I showed in late August, shows me the wisdom of forsaking individual stocks in favor of the 2X or 3X ETF”s.  Why try to find the few stocks that can beat these ETF’s when the odds are so low?  Since the current short bounce began September 1, the standard [...]

I spend so much time trying to find the right growth stock that will outperform the market.  Now that we have the extreme ultra (3x) ETF’s it may be preferable to trade them.  An ultra ETF is a basket of leveraged stocks or futures that attempts to outperform the relevant index.  Since I like to [...]

It is rare that I complete an analysis whose findings totally surprise me, but take a look at this one.  A lot of the pundits claim that the ultra ETF’s,  leveraged baskets of stocks that try to double or triple the performance of their underlying indexes or sectors, fail to achieve their goals.  So, just [...]

There were 11 new highs and 4 new lows in my universe of 4,000 stocks on Monday.  Five of the 11 new highs were on the IBD100 list from March 30:  TNDN, NFLX, GMCR, NTES and CPSI.  All of these but CPSI hit all-time highs, an extraordinary accomplishment, given the market’s decline over the past [...]

As you know, when I try to trade the trend of the QQQQ, I buy QLD (ultra long) or QID (ultra short) ETF’s.  These ultra  ETF’s are designed to move twice as much as the underlying index they track.  Well, less well known is that there now exist 3x ETF’s, designed to move three times [...]