ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

After some reflection this past weekend, I may need to adhere to the use of the $USHL5 chart more diligently.

No-Quarter Monday, 11/13/17 04:57:51 PM
Re: None
Post #
248
of 291 Go
I am beginning to watch this chart more carefully. On a daily basis now rather than weekly.

http://stockcharts.com/h-sc/ui?s=$USHL5&p=D&yr=1&mn=9&dy=0&id=p25593898639

When it goes below zero, I typically cash out and sit on the sidelines. I will likely do the same again if/when it happens. I typically buy back in when the chart is above zero, and making a strong move towards 1000.

< 0 = Negative, Go to Cash
> 0 < 1000, Neutral. Follow the trend. Buy in if rising. Prepare to sell if falling.
> 1000 < 2250, Positive. Get in if not already.
> 2250 = Bullish. Stay in.

If I had done so this market drop cycle, I would have likely acted on the 'Go to Cash' signal Thursday Feb 1st, or certainly Friday Feb 2nd.

Assuming I had waited to go to cash on Friday Feb 2nd, I would have sold;

FSCPX @ $44.39, and SGRKX @ $40.35 at end of day Friday Feb 2nd, locking in a profit, and still be holding cash as of today.

I will continue to watch the $USHL5 chart, following the rules above, and mark the day in the future I would have bought back into funds, and post the fund entry point here.

...lets both see if this would have put me in a better place than just sitting on my hands as I did.

GLTY.