Replies to post #451 on ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

I got in SOXL at 159.25 a week or so back.

Unfortunately, the SOXL:SOXS chart appears to be flipping once again today.



I received a email from Surfer overnight. For 'The Right Direxion' strategy, SOXL has fallen out of favor. LABU is the new favorite. LABU:LABD is the pairing.



I paired SOXL and LBDU together, and if you draw a sloping line through the 6 month chart, it is a downward sloping line, which means LBDU is favored. But by how much cannot be quantified in this manor.



I am uncertain what my next move will be just yet. I may do nothing today, and look all this over this weekend, and possibly do something on Monday.

As I write this, SOXL is at ~150, representing an approximate 6% loss for me from 159.25. Painful



FYI, The Right Direxion Strategy has disappeared from the Surfer Hall of Fame ETF section. I did replicate it as one of my paid strategies a while back, so I still have it, and am using it.

GLTY