ETFs, Leveraged ETFs, Sector Funds

[stiv]

My interpretation is it's still in the cloud and below the top of the cloud, and that means it's still bearish or the trend has not officially flipped. I sort of think of it literally like a plane ascending through a cloud deck...it can be a bumpy ride until it is through the cloud.

This is where following different time frames can be helpful. GUSH just got through the cloud on the 120-min and is strongly in an uptrend on the 60-min and under.

Keep in mind on the daily that price is above the blue line (9-period) and red line (26-period) which is good but the 9 is still below the 26. That is the next signal and could happen today as futures are strong. Also, the RSI has had a nice crossover and the 5/10 MA (top indicator) looks ready to crossover.

It's a pretty thick cloud on the daily. I have read different thing about cloud thickness. What makes these leveraged ETF's so tantalizing is that even if price moves to the top of the cloud (resistance) and falls back, that is still a 40% type of rise.








Here is a different ETF on oil equipment and services.