Wednesday, September 10, 2008
QID & Triangle Timing
QID is the Double Short NASDAQ ETF:
"The investment seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the NASDAQ-100 index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be inverse to those of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is nondiversified."
Let's see how the Triangles have been playing the QID year-to-date:
As you can see, the Triangles are undefeated this year, averaging 11.78% per trade for a total year-to-date return of 61.27%, versus a buy and hold return of about 15%.
So why am I repeatedly referring to the Triangles? It's a simple trading system that anyone can implement on their own, clearly objective, mechanical, and effective. It's one of the few commercial products I support, despite a lot of other offers from other services to accept their advertising on my blog (outside of Google's standard click-ads).
As for this particular example, the QID, it's no coincidence that I am highlighting today.