Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Shares (DRIP)

[stocktrademan]

Stocktrademan

Thanks - looks like Drip is a buy except still below 200 day and weekly below the the Ichimoku red. But blue is above red the way you put it - so that's buy and hold is it.?

I am trading 100 shares.

Regards and thanks.?

I don't use the ichimoku to check the trend of the chart to make buy and hold decisions. Have heard of people using the blue tenkan and red kijun crossovers like moving averages but haven't found them better than just using moving averages or the macd or ppo. Is the macd or ppo above 0 for a bullish holding, or below 0 for a bearish holding.

The chart does look like a buy and hold right now to me, looking at either the trendspotter weekly or noticing the ppo or macd indicator is above 0 or even that the price is above the 50 moving average. These are pretty standard things people use to see if the chart is a buy and hold...

If you want to look at how to use the Ichimoku system in more detail please follow this link to a good article that should answer questions. But myself I just use trendspotter really for a quick check of what the chart is doing.

Link to Ichimoku system tutorial
http://goo.gl/Mr40Xv