The present 8 bearish models became bullish with today's sell-off. There were 2 models already on the bullish side: SP 500, based on SPXL, and Finance, based on FAS.
This is scary because since last Friday several TA bloggers have made references to the "Hindenburg Omen" such as ... Hindenburg Omen Now Official - Second Signal In 4 Days
Since I'm only dealing with paper money for this experiment I am really not too concerned. So as usual, sometime Wednesday afternoon the 8 ETFs will be purchased in the paper account.
Score: 10 Bulls and 0 Bears -
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- SP 500, based on SPXL.
- Finance, based on FAS
- Biotechnology, represented by BIB
- Energy, based on ERX
- Mid Caps based on MIDU
- Retail, based on RETL
- Technology, based on TECL
- Small Caps based on TNA
- Russell 2000 represented by URTY
- Real Estate, based on DRN
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