SPDR S&P 500 (SPY)

[leftyg]

be..lol..my trend is daily. My studies have shown that most of the time..say 80% or more like 90% of the time..the move in the morning is the direction the market goes for the day. True, there are the reverse percentages where it heads one way, reverses, and ends up going the other way. That is the exception. There are also the doji's where it fiddles both ways and ends up where it started. That also is part of that smaller percentage.

What I generally do is: after the market close, I look around at breadth indicators that are ancillary to my trend indicators......If I am in a long position, and holding overnight..I will place a stop-limit sell on that position at the price level that I determine is a trend reversal. At the same time, I place a stop-limit buy order on the inverse fund at the trend reversal price. If all works seamlessly, at a given price on a trend change I am out of one etf and into the inverse at about the same time. It's slick when it works, which has been pretty good for me.

I should also say, that I don't like to play all my cards on one system..so I also follow the MVP signal system on collective2.com with part of my money. Regards.