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The QQQ short term up-trend has completed 8 days. Note that the sensitive GMI-2 has declined to 3 (of 8) A flat or down day on Friday would begin a new QQQ short term down-trend. This would be quite ominous because it means that the rebound from the mid-December decline is likely over. The fact that QQQ could not go on to a new high is very troubling, especially if QQQ closes below the recent decline’s bottom of 99.96. I am holding a position in SQQQ (3x bearish QQQ ETF) just in case a new down-trend begins. If the QQQ declines I will add more SQQQ. However, if the QQQ holds, I will exit and go back into TQQQ. I am willing to take a few small losses because when a real trend develops I will make it all back and more. Below is a daily chart of the QQQ.   Note the comparatively weak recent rebound from the December decline, compared with the rebound from the October swoon.

Last post I showed you how the 3X bearish oil ETN, DWTI,   rocketed up as oil plummeted. It got me   thinking about what will happen when oil finally bottoms out and starts to recover. It turns out there is a 3X bullish counterpart to DWTI, UWTI.   I bought a little just to keep it on my radar. When oil turns around UWTI could rocket higher. At a cost of under $5, I am willing to take on the risk.

If I had bought and held these ETFs from January 2 until Tuesday’s close I would have made: DIA: +9.35%; SPY: +13.9% and QQQ: +19.53%.     However the following bullish leveraged QQQ ETFs far out performed these:   QLD: + 42.4% and TQQQ: + 66.01%.   And the 3x leveraged bearish oil commodity ETF beat them all:   DWTI: +235.11%.   How did I miss that one?   Check out the DWTI weekly chart. There was plenty of time to jump on board for the ride.

Happy New Year!

My great stock picker friend, Judy, knows someone who needs to be on oxygen. Judy   discovered that there is a product made   that is   very mobile,   light weight and has a great battery. She claims that it beats the competition and makes a huge difference to people who must be on oxygen.   So Judy researched the product and identified its manufacturer,   INGN. Judy does very well by picking stocks that have a great concept underlying their product. She bought some INGN.

INGN is a recent IPO and is scheduled to make some investor conference presentations in mid-January.   The stock may therefore be volatile in the coming weeks.   Nevertheless, I bought some INGN. By the way, INGN had a green line break-out in November, consolidated, and then moved up. Check out its weekly chart. It has already doubled.