FXP
FXP Weekly Trend Following Model
UUP
The investment seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Long US Dollar Futures index. The index is comprised solely of long futures contracts. The futures contract is designed to replicate the performance of being long the US Dollar against the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
UUP Weekly Trend Following Model
SDS
The investment seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the S&P 500 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.
SDS Weekly Trend Following Model
3 comments:
Hey Allan,
A good day for the ETF's!
-Michael
am I seeing things? didn't you have a post re what EWI is currently saying...? Did you pull it?
Whatever EWI is saying, I take it with a grain of salt. I can see at least 3 bearish counts from the 1150 top:
1) The recent low was the end of wave 1 down and we're currently in wave 2
2) The recent low was the end of wave i of 3, ii of 3 is underway, and when iii of 3 begins it will feel like the bottom has dropped out
3) The recent low was the end of wave iii of 1 (what your Advanced Get is showing)
Each of these counts has the next move down taking us to new lows.
Unfortunately, you could argue that the recent low was the bottom of an ABC and we're now headed up. Unlikely, but possible. What's more likely if the 1150 high was not the end of the bull run since March, is that the recent low was the end of wave A down, B is underway, and C down will follow, maybe to new lows, maybe only retest the low.
All these counts can make a person crazy. That's why we have you're trend following system. 8-)
Michael,
Are you talking about hourly or daily. If hourly, are you making money on these? If daily, what are you talking about? jbg.
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