QQQQ completes 23rd day of short term up-trend; riding QLD

GMI6/6
GMI-R10/10
T210863%

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.

7 thoughts on “QQQQ completes 23rd day of short term up-trend; riding QLD”

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