ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

Thank you for the insight.

I have been limiting myself on using daily charts. Your idea of using 4 hour or 2 hour charts was a kick in the head for me.

Also, you validated my frustration with the fast choppy markets. Good to know I am not the only one. Day trading is not what I personally want to be doing though.

Stay safe.

First, the daily charts being somewhat inadequate I have been dropping down to shorter time frames. Here is a 2 hour chart. The main features of the Ichimoku Cloud are:

The Cloud Top
The Cloud Bottom
The 9-period Conversion Line (Blue)
The 26-period Base Line (Red)

In principle I look for price crossovers of the conversion line, base line and through the cloud as key break through areas. In a strong move the conversion line will cross over the base line and if really strong will break through the cloud.

Every thing has been so fast and choppy that moves aren't being sustained. You almost have to day trade to make money or to be safe.