Replies to post #37152 on Profunds index and sector trading (PRO)

[Namiar]

Yeah I tend to think that we're in for a bullish phase of a couple months. Just based on a couple pundits I follow.

But we had that low in February which has been retested twice. I reloaded over the last couple days (about 80% long NDX and SPX) and feel good about a 10% move in the next couple months.

The SPX low was about 1040, the high was 1220. A 62% Fib retrace off the bottom would be a good place to get out. About 1055 or so.

Sure wish I picked some RUT and Precious metals yesterday - the NDX and SPX are decidedly underperforming today.