ETFs

[fourdint]

First, New to group .. first post... big on fndemenrals vice technicals ...and partially agree depending on ETF.

I have some TQQQ and lC growth ... I say that is a short position at this time. I think LC growth and tech is a bubble and is short. Your Mid and small cap value maybe is long as we recover from covid. S&P is a buy and hold but not the flavor i like. So it depends.

Many a wise investor is asking what is driving this market? Neither technicals nor fndemenrals that good ... economy not hot ... etc. Bottom line, there is no place else to invest and and make $$$ so as long as there's money to be made it moves. Reminds me of .com days actually.

I have ton of dry powder so I'm here looking for ETF ideas, more long ETF. So I'll browse msg and see what's here.

[Croesus I]

I'm back. Bought HOU.to $7.45 (2x Oil bull etf on the TSE)

[davidam]

I continue to trade the bearish ETF's on a intraday basis. This market has more correction ahead and has little to move it forward. The Santa Claus rally is all one has to watch out for . If it does rally for the holidays just means a sharper decline after

[davidam]

i did some good selling in after hours. I will buy more on any bullish move tomorrow. cant hold these inverse ETF's have to trade them aggressively. Right now trading the bear side of the daily movements is golden

[davidam]

yes pay day coming. Qid is awesome to trade the intra day weakness. Look at the highs and lows everyday.

[Croesus I]

good timing on QID. It looks like you are going to have a great day tomorrow. CSCO is just getting killed in the after hours trading.

[davidam]

continuing to load QID expect early next week markets to stay up some will add more. The markets have to retrace and reset soon

[davidam]

Loaded QID today

[davidam]

I like it too. Hope it falters a little more I am going to load UNG too
By the way. The markets will start correcting very soon. Especially the NASDAQ. Short it with QID

[Croesus I]

LOL... <g> somebody else agrees with me.
http://www.mptrader.com/middayminute/

[Croesus I]

It is an interesting trade that is developing
on HNU.to (UNG x 2). It appears that a bottom is trying to form on this commodity. Every time price hits $5.43 (HNU.to $2.81) , buyers step up to the plate.

Of course time will tell if I'm right on this analysis. FWIW

[Croesus I]

sold all bearish ETF's... FWIW & bought individual GOLD, Material & other individual stocks on the TSE. Otherwise I would be in a losing argument with the charts.

[Croesus I]

looks like the EDZ trade is working out... bought HNU.to (trades on TSE) roughly 2x UNG - I'm bottom fishing here <g>

Wow! Take a look at AGQ on NYSE (2x silver). What a sweet chart.

I'll probably be out of the short ETF's by the first week of November

[davidam]

The golden cross is very near the correction could be very short. Bears may have a small window of opportunity here in the short term

[davidam]

a traders dream today especially if your trading like a bear lol

[Croesus I]

yep your right a golden cross is near. What's interesting is that a failure may occur and be put off for a little while which would be a bummer for the bulls. Today I bought EDZ @ 25.00 & HGD (2x bear GOLD) 10.85 CDN on the TSE. Today could be a key reversal day. So it should be a very interesting & volatile day. FWIW only

The currency war underway now could prove toxic to the stock market. If I remember correctly they played a big role in 1998/1999 debacle and the crash of 1987.

[davidam]

we now have the nasdaq and the SPX nearing a golden cross

[davidam]

I am actually day trading the downside right now. safe place to play. Any pops I go bearish and sell on solid profit. Holding on to just a little building a longer position slowly because at some point soon the bears are going to eat the bulls lol
The charts say this can't stay up too much longer especially considering the real truth of the economy
BGZ and that dreaded FAZ

[Croesus I]

good grab. I'm also bearish... agree with you that a reversal is gonna happen. Based on the chart action, it looks like financials may lead the way down. Time will tell

[davidam]

its running could go a bit further but charts telling me a reversal is coming soon. Sold bullish positions today grabbed my starter Bear BGZ

[davidam]

its been all about the golden cross in the DOW. DOW has more to run

[Croesus I]

Obviously having difficulty making some trades here. Gonna hang on to FAZ & buy FAS for a paired trade. Still holding BGZ... see what happens FWIW
Need some clarity from the charts (or my interpretation) in order to make some winning trades

[Croesus I]

Thanks for the heads up. Back in VXX for a short-term trade.

[davidam]

Look at the charts on the major indexes. A golden cross is near. Be careful. If this goes up a little more the Dow does a Golden cross
I wonder how bullish it will be though because just recently we had a death cross

[Croesus I]

out of VXX - (for now)...

[davidam]

I agree with you but it hard to pick the top. I will go bearish now too and will add on any significant bullish move

[Croesus I]

bought BGZ <yikes!>

[Croesus I]

bought BGZ <yikes!> FWIW the way that I see it... many stocks have gone parabolic - that usually means that a short-term top is in play. Most indicators that I follow are way overbought. (I don't follow too many - just a couple). October is around the corner & from a seasonal perspective that is usually not good. Low volume on the uptrend for the indices is also a problem in my books.

Anyway what do I know... I'm just trying to make a buck here & there.

All FWIW only.

[Croesus I]

I'm starting to load up 3x bear ETF's FWIW only... might be a little to early but only time will tell.

bought VXX, bought FAZ, stops are in (in case I'm wrong)also bought TAN - seems to be acting very bullish

[davidam]

talk about not letting grass grow under your feet lol

[Croesus I]

that was quick out've FAS. Lotta whipsawing going on...

[Croesus I]

out of FAZ for a loss... into FAS <eom>

[davidam]

Happens to the best. Hope you make a quick recovery

[Croesus I]

ouch! Gotta a bit of a haircut today :(

[davidam]

gl hope the market tanks for a while. Europe should drag all financial stocks down

[Croesus I]

bought FAZ...

[Croesus I]

Yes your right, October is around the corner. Plus the indices are bumping into resistance & most technical indicators are overbought. So with that thought in mind I existed FAS today

[davidam]

keep working it buddy! markets looking good right now but that dreaded October is near

[Croesus I]

stopped out of HNU.to, bought HOU.to (comparable to UCO on the NYSE)

[Croesus I]

looks like I should've bought GOLD instead... :(
What's interesting about GOLD/Silver stocks is that most of'em are NOT matching GOLD with 52 week highs. (NEM, however is printing a 52 week high) Interesting divergence. The exemption is GDX ETF which is printing a 52 week high today.

[Croesus I]

bought today HNU.to (2x natural gas), roughly 2x that of UNG

[Croesus I]

Investors Hub has sure been busy lately. Lots of cool tools have been added to the website.

Anyway I bought FAS & HOU.to (2x oil on the TSE) last Thursday. I posted the trade on my board - forgot to do the same here.

Anyway, back from vacation (again) & the house renovation is about 2/3rds complete.

I hope you have been doing well.

[MadeBucksOnThis]

Global X Funds Post Record Trading Volumes

http://finance.yahoo.com/news/Global-X-Funds-Post-Record-prnews-1097266072.html?x=0&.v=1


NEW YORK, July 26 /PRNewswire/ -- Global X Funds Lithium ETF (NYSE Arca: LIT) traded more than 450,000 shares on its opening day Friday, July 23, 2010, making it one of the most successful ETF launches this year. Other Global X ETFs posted significant volumes on the same day, including Global X China Consumer ETF (CHIQ) which hit a record volume of over a million shares.

Global X Funds is one of the fastest growing ETF companies, currently managing $336.9 million in assets. Over the last two weeks alone, there have been 88 creation units across the China Consumer (CHIQ), China Materials ETF (CHIM), China Financials ETF (CHIX), Colombia ETF (GXG), Silver Miners ETF (SIL), Brazil Mid Cap ETF (BRAZ), and the newly issued Lithium ETF (LIT). Creation units are created by large institutional investors called Authorized Participants. In general creation units consist of 50,000 shares. This represents an aggregate inflow of $76.8 million into the fund family over the last two weeks.

"We are committed to bringing innovative and relevant products to market, facilitating access to the most attractive segments across the global markets" said Bruno del Ama, CEO of Global X Funds.

Disclosure

Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. There are additional risks associated with investing in metals as well as their respective mining industries. Narrowly focused investments may be subject to higher volatility.

Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds' prospectus, which may be obtained by calling (), or by visiting www.globalxfunds.com. Read the prospectus carefully before investing.

Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company or any of its affiliates.

[davidam]

I did the same cashed out of everything except a few pennies I am holding. Will await another signal on something. Made some profit on that last trade but it got cut sharply by todays action. I was not planning staying in long but really thought this had another week in it. gl with the renovation!

[Croesus I]

Very negative day... almost all charts that I follow are running into a lot of resistance. Cashed out of all my plays. Will watch what happens on the sidelines ( too busy to monitor the market right now... In this type of environment I prefer working off the 60 minute chart - for me right now - that is not possible)

I'm too busy renovating my house.

Good luck on your trading!

[davidam]

That is a sweet chart. Nice stairway to heaven there : )

[Croesus I]

I agree with ya... Shorts are gonna be covering like crazy. It will only add more fuel to to fire when investors realize it's not all doom & gloom (at least for the next few weeks). I think that is part of the reason the GOLD market has lost its bloom. Having said that you would be hard pressed to find a sweeter chart than the weekly GOLD chart.
of course San Disk looks sweet too...

I was looking for a proxy in the ETF's for flash memory and I can't seem to find anything. We have SMH & USD but they don't capture that market all. I guess it's only a matter of time before someone (direxion perhaps?) rolls out a flash memory ETF. Sheesh it was only a year ago I was playing that stock for pennies... oh well <ng>

[davidam]

Hopefully you still have most of them. I see the market really taking off now. Next couple/few weeks the bulls will drive this thing significantly higher. Huge Short position in the NASDAQ over 7B shares. They are scrambling to cover
Big day coming tomorrow

[Croesus I]

I've been on vacation. Despite the "flash crash", I put physical stops on my bullish positions in the solar & materials sector (TSE) and USD. So far, so good. On Monday (tomorrow) I will be removing the physical stops & in place will be mental stops once again. As I will be able to monitor the market.

The ETF TAN & other solar stocks have had a good move. I will be trying to protect profits over the next few week(s).

Will see what unfolds.

Good luck on your trading. You have been reading the market extraordinary well!

[davidam]

Its earning season soon. Last couple of earnings the market yawned at the good numbers because the market had already gone so far. Now its just coming out of being oversold. The numbers will be good the market could go nuts in a bullish stampede