Cycle Trading

[Duma]

This has been an amazing 2 months. The beginning of Nov the market was coming off a bottom. After a quick ramp up, prices held for a few days then started to drop more. I am guessing this is when lots of people loaded up on shorts. Now those shorts have to be unwound giving us the kick we are seeing. This has already happened several times this year and I have loved each one.

I never got a sell signal for SPY with the drop in early Dec, so my official number for SPXL is up 13.5% 1x, 40.5%. So I captured the bulk of the ramp.

QQQ did give me a sell signal 12/4 and a new buy signal 12/7, so QQQ is composed of two trades totaling 13.7%. 1x. Factoring in a 125% investment and one would be close to the total QQQ ramp.

The key is I got almost all the gain, without the fear of riding down a falling market. So once again SPY and QQQ have had 8 straight days with closes above upper KC. That means I will be taking a quick exit with a close below 10ema and wait to see what happens next.

I am a little late, but I am starting to make FNGU a part of my portfolio. The gains are just too good to ignore. The key is to watch FNGU compared to TQQQ and know when to get out. NASDAQ has had a great year compared to S&P, but that will end also someday, so again watching a comparison of the two is paramount. Got to go where the best yields are within reason. I have currently dropped my SPXL allowcation to only 37.5% from the normal 50%.

For Dec there have been 13 trading days and I have had 8 new account highs, currently 7 in a row. May come to an end today but markets are already showing signs of recovering and maybe being even another up day.