AI
Friday, March 20, 2020 1:56:22 PM
FYI, here is my cross reference list of SPDR's to higher leveraged ETF's. Some are 2x, most are 3x. All are positive and inverse pairs.
XLB...>...2x ETF’s...>...UYM/SMN
XLC...>...3x ETF’s...>...FNGU/FNGC
XLE...>...3x ETF’s...>...ERX/ERY
XLF....>...3x ETF’s...>...DPST/WDRW
XLI.....>...2x ETF’s...>...UXI/SIJ
XLK...>...3x ETF’s...>...TECL/TECS
XLP....>...3x ETF’s...>...WANT/NEED
XLRE.>...3x ETF’s...>...DRN/DRV
XLU...>...2x ETF’s...>...UPW/SDP
XLV....>...2x ETF’s...>...RSL/RXD
XLY....>...2x ETF’s...>...UGE/SZK
As this market recovers going forward, and tracking the SPDR's referencing both a rotation chart, and a correlation chart (see below), along with the traditional chart analysis. I will be trying to use leveraged ETF's rather than the actual SPDR 1x ETF's to profit by 'riding the correlation wave' up and also down.
On the rotation chart, I discovered it is easy to see where BIL began to breakdown as a reliable benchmark reference for me. Broke the red trend line I placed in the upper right hand side benchmark 'window'. I can also now see it started much earlier than March. Looks like it started in December 2019 actually. Now I know what to look for going forward.
On the right hand side of the correlation chart, I will consider it as a buy indicator when it rises from below to enter the green box, and as a sell indicator when it drops down from above into the red box. To act on a buy signal, I will likely use the correlating leveraged ETF from the above list, and act on a sell signal using the inverse leveraged ETF from the same pair.
The above are two pages from the ~20 page MS PowerPoint Doc I have created. I use it to keep notes and observations, put overlays on top of charts, and track results. Most charts update to current each time I open the document. A few I have to do manually on weekends and such. Some days I close it and reopen it several times to update the charts. It is my early morning read each weekday, and again at noon.
Often I can page through this entire document in less than 2 minutes to learn if I will need to act on something that day.
Must set stop loss limits and trust the charts I do!
XLB...>...2x ETF’s...>...UYM/SMN
XLC...>...3x ETF’s...>...FNGU/FNGC
XLE...>...3x ETF’s...>...ERX/ERY
XLF....>...3x ETF’s...>...DPST/WDRW
XLI.....>...2x ETF’s...>...UXI/SIJ
XLK...>...3x ETF’s...>...TECL/TECS
XLP....>...3x ETF’s...>...WANT/NEED
XLRE.>...3x ETF’s...>...DRN/DRV
XLU...>...2x ETF’s...>...UPW/SDP
XLV....>...2x ETF’s...>...RSL/RXD
XLY....>...2x ETF’s...>...UGE/SZK
As this market recovers going forward, and tracking the SPDR's referencing both a rotation chart, and a correlation chart (see below), along with the traditional chart analysis. I will be trying to use leveraged ETF's rather than the actual SPDR 1x ETF's to profit by 'riding the correlation wave' up and also down.
On the rotation chart, I discovered it is easy to see where BIL began to breakdown as a reliable benchmark reference for me. Broke the red trend line I placed in the upper right hand side benchmark 'window'. I can also now see it started much earlier than March. Looks like it started in December 2019 actually. Now I know what to look for going forward.
On the right hand side of the correlation chart, I will consider it as a buy indicator when it rises from below to enter the green box, and as a sell indicator when it drops down from above into the red box. To act on a buy signal, I will likely use the correlating leveraged ETF from the above list, and act on a sell signal using the inverse leveraged ETF from the same pair.
The above are two pages from the ~20 page MS PowerPoint Doc I have created. I use it to keep notes and observations, put overlays on top of charts, and track results. Most charts update to current each time I open the document. A few I have to do manually on weekends and such. Some days I close it and reopen it several times to update the charts. It is my early morning read each weekday, and again at noon.
Often I can page through this entire document in less than 2 minutes to learn if I will need to act on something that day.
Must set stop loss limits and trust the charts I do!
My posts are my opinion. Always trade at your own risk.
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