Profunds index and sector trading

[Z-M-L]

The NDX exceeded the 1461 level at today’s open; which was my STOP LOSS for the RYVNX position held since January 8th, 2004. However, based on the DJIA and SPX there is a possibility that the rally of the last eight (8) FIB trading days is Wave 2 of the next Higher Degree. This same wave structure in the NDX is less clear. The “daily” Slow Stochastic is over-done and appears to be crossing over to the downside.

So with all that said, I am NOT yet comfortable to move directly from my current RYVNX (short fund) into the RYVYX (long fund). Need more data. However, I am moving from RYVNX into CASH at the close today. FWIW.