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Leveragedetfs

TQQQ - Cup awaiting Handle ?TQQQ on a weekly chart in 2021 ascended into a falling wedge. As part of the falling wedge, it started the downside initial part of a cup and handle pattern. The reversal occurred 11 months ago with the upside completion of the cup back to 57.5 In the typical cup and handle, the handle then forms in a 50% retracement of the height of the cup. the cup height measures 44.5 over a period of about 9 months. Notably relative volumes peaked at the bottom of the pattern. Once the retracement is complete, bullish continuation should occur to the extent of the height of the cup above the lip. That is to say an uptrend from 57.5 adding 44.5 to get to 102 more or less. But first the retracement and reversal must occur. Accordingly, if this is an incomplete cup and handle, it forecasts a retracement of 44.5 divided by 2 or to about 38 as shown by the Fib retracement tool. After that price must reverse then overcome the resistance of the lip of the cup ( 57.5) and continue to 102. Overall, this forecasts that a bearish crash is in store for TQQQ ( as well as QQQ from which it is leveraged). Time will tell if this pattern has given an accurate forecast. In the meanwhile, I will watch for signs of QQQ topping out on the weekly time frame after the same signs on lower time frames. The alternative view is that TQQQ is building an even bigger cup right now with the lip at about 88 when the price had a high pivot down on November 22, 2021. So, do you see a bigger or smaller cup pattern or none at all?
NASDAQ:TQQQ
by AwesomeAvani
SOXS goes LONG Inversing SOXL SOXS on the 30-minute chart has reversed from a trend down to an early uptrend. This is confirmed by a variety of indicators including the ATR/ U BOT indicator reset to a period of 4, the relative volume indicator showing buying volume spikes instead of selling spikes, as well as the squeeze indicator changes from a green negative histogram to a positive one. Many semi conductor stocks have had major price runs upside. The time has come to watch them for reversals. I will close my SOXL position in favor of a new long trade in SOXS.
AMEX:SOXSLong
by AwesomeAvani
2
LABU / LABD Medical Leveraged ETFs Flip Strategy.LABU is shown here on a 2H time frame. I am holding 500 shares having bought November 14th on golden cross of fast and slow hull moving averages. The unrealized gain is 50%. Here, I determine that I should en bloc or in increments close the position. First, on the dual time RSI indicator of Chris Moody, the RSI is now over 60 and approaching 65. Price pivoted when RSI was in this range as shown by the red down arrows on the chart. A fibonacci analysis is that the LABU downtrend of early September to late October has now retraced in the range of 50% with the mid levels shown on the chart from the drawing tool. Because of these two considerations, I believe that I should bank the 50% profit in less than 3 weeks and perhaps take a position in the inverse ETF LABD. I will do this on a 15 minute time frame, take off one fifth of the position daily at the high of day as determined by an alert for the faster Hull Moving Average doing down instead of upsloping. At the same time on the LABD 15 minute chart I will buy a corresponding position at the low of day again using an alert. By the end of the five days, the LABU position will be closed and the profits redeployed into LABD. When LABD retraces 505 of its downtrend and RSI rises above 60, I will consider fading the position and retaking a position in LABU. thus toggling positions in the inverse ETFs as analysis and indicators dictate.
AMEX:LABULong
by AwesomeAvani
1
DPST- Banks will thrive if rate hikes are over LONGDPST is shown here on the 15- minute chart- This triple leveraged bank stock hit a double bottom in late June and early July with a double bounce from the lines one standard deviation below the mean VWAP lines anchored at pivots in mid-May. These lines provide dynamic support and resistance unlike vertical lines from pivots. From the VWAP breakout, price has crossed over the mean VWAPs and is not at the level of the volume profile's POC line and the one standard deviations above the mean VWAP. The two time frame RSI indicator shows the lower time frame rising from below 20 to over 50 and crossing over the higher black line TF RSI is for me a clear and convincing sign of bullish momentum in its extreme form. Fundamentally, bank stocks are gaining in the federal news data regarding CPI and PPI. Based on this analysis, I will take a long trade here targeting the second deviation lines at about $70.5 representing about a11% upside in one week or less.
AMEX:DPSTLong
by AwesomeAvani
Not another market timing theory....Okay, I get it. Timing the market < time in the market, but I can't argue with the results of this strategy. Here we're going to take a look at a timing model using the popular MACD / MA Cross combination, with a dash of stop loss and a pinch of momentum indication, so let's dive in. This is "close" to what I use for my personal indicator, although done on a different platform. A while back, I took on the challenge of learning Pine Script for my first coding experience. A lot of copy/paste was used. I published an "Advanced MACD/MA Cross" indicator, with the intent on building it into this strategy. So yes, first of all, the main signal is a combo MACD / MA Cross on the S&P 500 index ( SP:SPX ). Another important thing, likely the most important thing of all, is this strategy relies on the LOGARITHMIC movement of the S&P. This is very important. When looking at the log movement of a stock or index or whatever, you go from looking at the REAL PRICE to looking at MOMENTUM. In my years of trying to find a decent momentum indicator, I found just looking at the logarithmic movement was best. Settings for MA Cross are fast 200 TEMA, slow 650 DEMA. I've found it best if the MA types are different (slow MA is also a slower "type") when looking at logarithmic movement. For instance, if your slow MA is an SMA, fast should be EMA. If slow MA is EMA, fast should be DEMA, so on and so forth. This will cause the slow MA to vertical shift down during bull markets and up during bear markets. The settings provided seem to give a good overall indicator of general market movements, but usually it's slow to respond to market entries. My MACD looks at exponential moving averages of 200 and 500 on the S&P, and then applies a 100 day EMA signal line. This provides good entry points in general. When evaluating these long term trends, sometimes, unexpected things happen in the market that give potential to lose a lot of money. This strategy also implements a stop loss and market "bounce" finder. Stop loss is straight forward. If the strategy detects that the log movement of S&P has dropped by 10 points, a "bond market alert" will trigger. Conversely, the "bounce" finder looks at log movement of S&P from a rolling 17 day period, and if it's moved upwards by 10 points, a "stock market alert" will trigger. The strategy tester is pretty good, although the equity holds a flat line through the Bond market. This is where a true portfolio backtest would come into play. Look at the list of trades from the strategy tester, input them into a spreadsheet or whatever, and see how this movement indicator would work for your favorite stock over the past several years. Chances are, it'll work pretty well, and a lot better than a buy and hold strategy. While looking, you may want to investigate leveraged long term treasury bonds ( AMEX:TMF ) during the indicated downtime, or index LETF's during the uptrends ( AMEX:UPRO , NASDAQ:TQQQ , etc.), depending on your risk tolerance. The chart above shows the S&P compared to Vanguard's Long Term Treasury ETF ( NASDAQ:VGLT ), as well as market entry and exit positions, in the first pane. Second pane is the Logarithmic movement of the S&P, and the strategies MA Cross lines. Third pane is MACD (MACD MA's not shown for clarity). Fourth pane shows the "bounce" indicator. Strategy tester goes all the way back to 1950, or the beginning of daily data for the S&P 500. You'll see a few trades missed the mark, but the profit factor is important to note (and keep in mind, this doesn't take into effect BONDS!) P.S. disclaimer, this isn't 100% exactly what I use for my personal market entry / exit indicators. My personal bounce entry and stop-loss methodologies are slightly different, and I also track an underlying portfolio that will initiate a stop loss if neither stocks or bonds are working (i.e. 2022). And also, I'm not a financial professional, this isn't financial advice, yada yada yada. P.P.S. please forgive me if the formatting doesn't end up right here, never published a strategy before!
SP:SPX
by garretthenry229
YINN | Chinese 3X Bull ETF | LONGThe fund invests at least 80% of its total assets in equity securities of the index and in depositary receipts representing such securities. The index is designed to measure the equity market performance of investable publicly traded "China-based companies" whose primary business or businesses are in the Internet and Internet-related sectors, and are listed outside of Mainland China, as determined by the index provider. The fund is non-diversified.
AMEX:YINNLong
by DivergenceSeeker
2
BOIL beginning a round bottom reversal LONGAMEX:BOIL BOIL a triple leveraged ETF based on natural gas as a commodity and its futures on the 15-minute chart has begun a round bottom reversal into an uptrend. The AO / Candle indicator confirms this as does the curve of the accumulation /distribution indicator. Fundamentally, natural gas price is rising especially with the DXY dollar value in a mild correction. Winter heating season is upcoming and the energy crisis in Europe accelerating with Russia shutting down ( for now only ?) its remaining active pipeline. Right now long BOIL looks to be an excellent setup.
AMEX:BOILLong
by AwesomeAvani
Emerging Markets & Global Recession = OpportunityUS technical recession confirmed with Atlanta Fed GDPNow data indicating retraction in Q2, two consecutive negative GDP prints. While US stock markets have already experienced the worst first half of the year in more than half a century. Typically in a bull market, this would signal the bottom of a retracement is already in or nearby. Unfortunately, this isn't a bull market and there's still significant downside risk from here. The Fed Reserve and Central Banks continue to have rampant inflation that challenges price stability while the second half of the mandate (low unemployment) remains strong. Unemployment #'s will rise as tighter monetary policy takes shape in form of rate hikes and slowing securities to mature and roll off the balance sheets. Unemployment is unlikely to raise to a level of concern as there are 2 jobs available (nearly 12 million) per each unemployed person. The more likely scenario is underemployment as individuals find income in roles they are overwrites for. In addition to unemployment, overnight reverse repo facilities are setting $2 Trillion flow back consistently, indicating a significant oversupply of money without quality investment potential. Implications for emerging markets is clear, tighter monetary policy will drive these lower as global recession takes hold. Looking at long-term parallel channel and major support levels, further downside from 18% to 24% is well within range and likely given the additional pullback expected. How does this get played? Shorting EEM is an option, however there's more attractive potential in going long with inverse ETF's (leveraged or not) via entities like ProShares & Direxion. One example is the 3x $EDC bull / $EDZ bear ETF's benchmarking MSCI Emerging Markets. Indicators: OBV On-balance volume, MA6/EMA18 Currently, taking a position with the inverse $EDZ play in the short-term is attractive. This will reverse and requires attention, it also involves risk that the broader economy has already bottomed or is close to the bottom... but the data implications don't appear to support that position at this time in my opinion.
AMEX:EEMShort
by R0MM3LL
Energy sector is going to be hot soon Oil companies still have room to continue rising and continue the trend that began at the end of October last year. After they reached a peak as of March, they have been on hiatus, but this, from my perspective, will not last long and we will see a continuation of the trend soon. Likewise, I see it likely that oil prices will continue to rise in the following months until they reach at least $100 per barrel. The oil companies with the lowest prices tend to rise the most, although a good way to capitalize on the trend would be to go for a leveraged ETF for the entire sector, such as GUSH.
NYSE:OXYLong
by amateur_trad3r
3x inverse funds as a contrarian indicator3x inverse ETFs let you use leverage to bet against stocks. This chart shows the 14-day Money Flow Indicator (MFI 14) on a 3x inverse semiconductor fund (SOXS). SOXS is an inverse leveraged bet on the SOXX semiconductor ETF, which is also shown on the chart. Interestingly, the flow of money into and out of SOXS has often been a contrarian indicator of where SOXX is headed. SOXS gets big inflows just as SOXX hits bottom. It gets big outflows just as SOXX hits top. If you do the opposite of whatever SOXS traders are doing, you can do pretty well. SOXS made a peak on Friday that may imply that SOXX has bottomed and will begin to move up. Short SOXS or long SOXX would be the play here.
AMEX:SOXS
by ChristopherCarrollSmith
4
JDST bullish; Gold prices likely bearish given US-China deal?JDST looks to be bullish, making higher lows in the recent weeks. Couple reasons why I think it's on the uptrend: - Phase one of the China trade deal concluded bringing some stability to the world economy; generally this should reduce the demand for gold, lowering prices and increasing JDST, a gold miner BEAR. - Gold prices have a very strong resistance around 1540 from May of 2012. It's already touched that resistance late September/early August this year and would need some serious momentum or world news to break that resistance, such as the US-China trade deal falling apart. I believe it's more likely that gold prices are on the way down, making an ETF like JDST increase. What do you think? Please leave a comment with your thoughts!
AMEX:JDSTLong
by LabRatFace