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 ----
---- T H E B E A R S ----
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 ----
---- 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
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