1 of the 3 Remaining Bullish Leverage ETF Models Gets Bearish

Sell Today: Real Estate(DRN)

So in the paper account we will be selling.

Score - Bulls: 2   Bears: 8

----   T H E   B U L L S   ----

• Biotechnology as represented by BIB
• Energy as represented by ERX

----   T H E  B E A R S   ----

• Real Estate as represented by DRN
• Finance as represented by FAS
• Mid Caps as represented by MIDU
• Retail as represented by RETL
• SP 500 as represented by SPXL
• Technology as represented by TECL
• Small Caps as represented by TNA
• Russell 2000 as represented by URTY

As usual I'm using the 3PM numbers as closing numbers.

Several Models Indicate A Short Term Overbought Condition.

The models used are for short term trading in 10 leveraged ETFs.  The bottom line to the model's method are for calls at overbought (sell) and oversold (buy) conditions.  Using the 3PM numbers as closing numbers seven models when to the sell side. And the market is up across the board to validate the short term overbought condition.

Sell Today: Finance(FAS), Mid Caps(MIDU), Retail(RETL), SP 500(SPXL), Technology(TECL), Small Caps(TNA) and Russell 2000(URTY).  As noted in yesterday's posting I missed the buy signal on RETL so it is already sold (and I missed out).

So in the paper account I will be selling.

Score - Bulls: 3   Bears: 7

----   T H E   B U L L S   ----

• Biotechnology as represented by BIB
• Real Estate as represented by DRN
• Energy as represented by ERX

----   T H E  B E A R S   ----

• Finance as represented by FAS
• Mid Caps as represented by MIDU
• Retail as represented by RETL
• SP 500 as represented by SPXL
• Technology as represented by TECL
• Small Caps as represented by TNA
• Russell 2000 as represented by URTY

Energy Leverage ETF is Bullish.

Using today's 3PM numbers as closing numbers the model for the Energy Leverage ETF (ERX) is bullish.

So in the paper account we will be buying ERX

Somehow I missed a buy for the Retail ETF.  It went to a buy sometime between 11.7 and today. It will remain as unowned in the paper account.

Score - Bulls: 10   Bears: 0

----   T H E   B U L L S   ----

• Biotechnology as represented by BIB
• Real Estate as represented by DRN
• Energy as represented by ERX
• Finance as represented by FAS
• Mid Caps as represented by MIDU
• Retail as represented by RETL
• SP 500 as represented by SPXL
• Technology as represented by TECL
• Small Caps as represented by TNA
• Russell 2000 as represented by URTY

----   T H E  B E A R S   ----

Energy Leveraged ETF Says Sell

The model for the Energy ETF went bearish Today: Energy(ERX)   I don't see anything in the news that would prompt this action so it simply must be an overbought segment.

So in the paper account we will be selling.

Score - Bulls: 8   Bears: 2
----   T H E   B U L L S   ----

• Biotechnology as represented by BIB
• Real Estate as represented by DRN
• Finance as represented by FAS
• Mid Caps as represented by MIDU
• SP 500 as represented by SPXL
• Technology as represented by TECL
• Small Caps as represented by TNA
• Russell 2000 as represented by URTY

----   T H E  B E A R S   ----

• Energy as represented by ERX
• Retail as represented by RETL

Oversold? 8 of the Models Get Bullish

Using the 3pm #s as closing #s 8 of the Leveraged ETF models go to the buy side: Biotechnology(BIB) Real Estate(DRN) Finance(FAS) Mid Caps(MIDU) SP 500(SPXL) Technology(TECL) Small Caps(TNA) Russell 2000(URTY)

So in the paper account we will be buying.

Score - Bulls: 9   Bears: 1
----   T H E   B U L L S   ----

• Biotechnology as represented by BIB
• Real Estate as represented by DRN
• Energy as represented by ERX
• Finance as represented by FAS
• Mid Caps as represented by MIDU
• SP 500 as represented by SPXL
• Technology as represented by TECL
• Small Caps as represented by TNA
• Russell 2000 as represented by URTY

----   T H E  B E A R S   ----

• Retail as represented by RETL

Only One Bullish Leverage ETF Model Left.

Using the 3PM #'s as closing numbers the models say "Sell: Retail(RETL)"

So in the paper account we will be selling.

Score - Bulls: 1   Bears: 9
----   T H E   B U L L S   ----

• Energy as represented by ERX

----   T H E  B E A R S   ----

• Biotechnology as represented by BIB
• Real Estate as represented by DRN
• Finance as represented by FAS
• Mid Caps as represented by MIDU
• Retail as represented by RETL
• SP 500 as represented by SPXL
• Technology as represented by TECL
• Small Caps as represented by TNA
• Russell 2000 as represented by URTY

8 Models Flip Back to The Bear Side

Running the models early by using the 1PM numbers as closing numbers 8 models say Sell Today: Real Estate(DRN) Finance(FAS) Mid Caps(MIDU) SP 500(SPXL) Technology(TECL) Small Caps(TNA) Russell 2000(URTY)

So in the paper account we will be selling.

Score - Bulls: 2   Bears: 8

----   T H E   B U L L S   ----

• Energy as represented by ERX
• Retail as represented by RETL

----   T H E  B E A R S   ----

• Biotechnology as represented by BIB
• Real Estate as represented by DRN
• Finance as represented by FAS
• Mid Caps as represented by MIDU
• SP 500 as represented by SPXL
• Technology as represented by TECL
• Small Caps as represented by TNA
• Russell 2000 as represented by URTY