Mainly on the sidelines, in cash. Meanwhile, commodities continue to weaken. This weekly chart of the gold ETF, GLD, shows the deepening down-trend. Weinstein Stage 4 decline has begun. Click on chart to enlarge.
Stock Market Technical Indicators & Analysis
Mainly on the sidelines, in cash. Meanwhile, commodities continue to weaken. This weekly chart of the gold ETF, GLD, shows the deepening down-trend. Weinstein Stage 4 decline has begun. Click on chart to enlarge.
Dr. Wish,
I have read that 2x and 3x ETFs should only be used for day trading. It appears that as long as the market is trending then they are a good bet. What is your opinion on this?
Thanks.
I agree 100%. Leveraged ETF’s are terrific in a sustained trend. The key is to have rules to enable one to get out quickly when the trend ends.