ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

Buying DGAZ today, and here is my reasoning.

Here is my comparison chart DGAZ compared UGAZ before the open this morning. Look at the histogram bars in the red circle. They have bottomed and are turning up. This tells me to get out of UGAZ and into DGAZ.


Here is the DGAZ chart alone. The turn is on this chart today also, but not nearly as pronounced as in the comparison chart above.


Here is the UGAZ chart alone. Same thing, the turn is here also, but not nearly as pronounced as in the comparison chart above.


I have been playing around with Ichimoku charts and different time frames. I seem to have been able to replicate my above results using a 2 hour time frame. Here is a 2 hour chart for DGAZ compared to UGAZ.


Here is the same chart, but DGAZ only.


If I am reading the Ichimoku charts correctly, they are showing the same turn around point today as a break through the 9 day moving average (blue line).

Is my use of Ichimoku charts here sensible? Would you draw the same conclusions?