After seeing the performance of the method that decides when to enter and exit general market positions using the percentage of stock with prices over a 200 day moving average I decided to test other similar aggregating measures, mainly RSI, ROC and Momentum. MOM so far has turned out to be the best of the 3.
First and foremost, this is an unproven method of choosing when to enter and exit a position. Since back-testing is used to produce the models future results may not reflect or produce expected returns.
With Wednesday's big drop the remaining four models that were bearish are now on the buy side: Retail based on RETL, SP 500,based on SPXL, Real Estate based on DRN and Biotechnology represented by BIB.
As such, the paper account will purchase the above mentioned four ETFs sometime today.