All of my GMI and GMI-R indicators remain positive. I have therefore been riding QLD for a long time. QLD strives to rise (or fall) twice the amount that QQQQ does. I typically accumulate my position in stages once the QQQQ short term up-trend turns positive. When it turns negative, I phase into QID, the inverse QQQQ ultra ETF, which aims to rise twice as much as the QQQQ declines. I accumulate my position in stages so as to reduce my risk if the market suddenly changes its trend. Since the start of the current QQQQ short term up-trend on November 19, the QQQQ has risen +4.6%, while the QLD has risen +9.7%. The more volatile 3X technology bull ETF, TYH, has risen +14.1% during the same period. It is often easier and more profitable to just ride these ultra index ETF’s than to attempt to find an individual stock that will beat them. It all depends on whether one is in the market to look smart or to make money–the two are often mutually exclusive endeavors.
Dr. Wish-
What websites would you recommend to open a trading account on that has very low commissions? It is fine if it is very bare bones.
I have been satisfied using Trade King, which is a very low cost broker. Many young people who want a fancy site with bells and whistles rave about ThinkorSwim, but it takes a while to learn their system.
The market seems to be overbought, do you think the market will eventually correct itself? If so, when?
During previous upswings, what is the maximimum days of upswings. Now we’re at 23, were there any at 30, 40?
thx. very nice site you have here.
In the past few years there have been a few as long as 80+days.
No one knows in advance when the market will correct. I must wait for the signal and then act.