Determine Market Trend (23 Oct 15)

Bull Market, Pullback, Correction and Bear Market

(1)     Pullback: -5% off 52W High   (2) Correction: -10% off 52W High   (3) Bear Market: -20% off 52W High

Benchmark	Symbol	% off 52-Week High	Market Trend
Nasdaq 100	QQQ	-1.17%	Bull Market
S&P 500	SPY	-2.15%	Bull Market
Dow Jones 30	DIA	-2.96%	Bull Market
Russell 2000	IWM	-9.62%	Pullback

Traders who strive for consistency—their goal is to make money in all market environments.  Knowing whether you are in Bull Market, Bear Market or a Flat Market is equally important and key in assessing the potential for your trade.

Long Term Trend

The “big dog” of moving averages is the 200-day moving average.  If the index is trading above that level, the long-term trend is considered up; generally, the 200-day moving average is seen as a proxy for the long-term trend.

Benchmark	Symbol	Price	200-DMA	Market Trend
Nasdaq 100	QQQ	112.78	106.78	Uptrend
S&P 500	SPY	207.51	204.36	Uptrend
Dow Jones 30	DIA	176.37	174.15	Uptrend
Russell 2000	IWM	115.85	120.11	Downtrend

In an up-trending market, I will lengthen holding times and give my holdings more room to run.  In a wide trading range or a down-trending market, I use short holding times and grab profits quickly.   

Volatility Index (23 Oct 15): $VIX 22.78

The VIX has an inverse relationship to the price of the S&P 500. Thus, we often see the VIX making new highs as the market is making new lows. When the 2-period RSI of the VIX is above 90 we'll be looking to go long.

Nasdaq Summation Index (23 Oct 15): Bullish

The Nasdaq Summation Index ($NASI) is a market breath indicator. When it turns higher, a greater number of stocks are advancing. When it turns lower, a greater number of stocks are declining.

Leveraged ETFs (23 Oct 15): SOXL $29.75

Buy (84) shares SOXL @ $29.75
Target Price (10%): $32.75

Leveraged ETFs (23 Oct 15): DGAZ $10.13

Buy (247) shares DGAZ @ $10.13
Target Price (10%): $11.15

Leveraged ETFs (23 Oct 15): TQQQ $117.88

Buy (22) shares TQQQ @ $117.88
Target Price (10%): $129.70

Leveraged ETFs (23 Oct 15): TECL $38.95

Buy (64) shares TECL @ $38.95
Target Price (10%): $42.85

Determine Market Trend (16 Oct 15)

Bull Market, Pullback, Correction and Bear Market

(1)     Pullback: -5% off 52W High   (2) Correction: -10% off 52W High   (3) Bear Market: -20% off 52W High

Benchmark	Symbol	% off 52-Week High	Market Trend
S&P 500	SPY	-4.15%	Bull Market
Dow Jones 30	DIA	-5.43%	Pullback
Nasdaq 100	QQQ	-5.48%	Pullback
Russell 2000	IWM	-10.00%	Correction

Traders who strive for consistency—their goal is to make money in all market environments.  Knowing whether you are in Bull Market, Bear Market or a Flat Market is equally important and key in assessing the potential for your trade.

Long Term Trend

The “big dog” of moving averages is the 200-day moving average.  If the index is trading above that level, the long-term trend is considered up; generally, the 200-day moving average is seen as a proxy for the long-term trend.

Benchmark	Symbol	Price	200-DMA	Market Trend
Nasdaq 100	QQQ	108.12	106.57	Uptrend
S&P 500	SPY	203.27	204.26	Downtrend
Dow Jones 30	DIA	171.88	174.14	Downtrend
Russell 2000	IWM	115.42	120.14	Downtrend

In an up-trending market, I will lengthen holding times and give my holdings more room to run.  In a wide trading range or a down-trending market, I use short holding times and grab profits quickly.   

Volatility Index (16 Oct 15): $VIX 11.75

The VIX has an inverse relationship to the price of the S&P 500. Thus, we often see the VIX making new highs as the market is making new lows. When the 2-period RSI of the VIX is above 90 we'll be looking to go long.

Nasdaq Summation Index (16 Oct 15): Bullish

The Nasdaq Summation Index ($NASI) is a market breath indicator. When it turns higher, a greater number of stocks are advancing. When it turns lower, a greater number of stocks are declining.

Common Stocks (16 Oct 15): NFLX $98.99

Buy (26) shares NFLX @ $98.99
Target Price (10%): $108.90

Common Stocks (16 Oct 15): CPB $49.49

Buy (51) shares CPB @ $49.49
Target Price (10%): $54.50

Leveraged ETFs (16 Oct 15): SQQQ $21.67

Buy (116) shares SQQQ @ $21.67
Target Price (10%): $23.90

Leveraged ETFs (16 Oct 15): FXP $35.67

Buy (71) shares FXP @ $35.67
Target Price (10%): $39.30

Determine Market Trend (9 Oct 15)

Bull Market, Pullback, Correction and Bear Market

(1)     Pullback: -5% off 52W High   (2) Correction: -10% off 52W High   (3) Bear Market: -20% off 52W High

Benchmark	Symbol	% off 52-Week High	Market Trend
S&P 500	SPY	-5.03%	Pullback
Dow Jones 30	DIA	-6.04%	Pullback
Nasdaq 100	QQQ	-6.87%	Pullback
Russell 2000	IWM	-9.74%	Pullback

Traders who strive for consistency—their goal is to make money in all market environments.  Knowing whether you are in Bull Market, Bear Market or a Flat Market is equally important and key in assessing the potential for your trade.

Long Term Trend

The “big dog” of moving averages is the 200-day moving average.  If the index is trading above that level, the long-term trend is considered up; generally, the 200-day moving average is seen as a proxy for the long-term trend.

Benchmark	Symbol	Price	200-DMA	Market Trend
Dow Jones 30	DIA	170.76	174.28	Downtrend
S&P 500	SPY	201.33	204.34	Downtrend
Nasdaq 100	QQQ	106.53	106.49	Uptrend
Russell 2000	IWM	115.74	120.24	Downtrend

In an up-trending market, I will lengthen holding times and give my holdings more room to run.  In a wide trading range or a down-trending market, I use short holding times and grab profits quickly.   

Volatility Index (9 Oct 15): $VIX 0.69

The VIX has an inverse relationship to the price of the S&P 500. Thus, we often see the VIX making new highs as the market is making new lows. When the 2-period RSI of the VIX is above 90 we'll be looking to go long.

Nasdaq Summation Index (9 Oct 15): Bullish

The Nasdaq Summation Index ($NASI) is a market breath indicator. When it turns higher, a greater number of stocks are advancing. When it turns lower, a greater number of stocks are declining.

Leveraged ETFs (9 Oct 15): DGAZ $7.87

Buy (318) shares DGAZ @ $7.87
Target Price (10%): $8.70

Leveraged ETFs (9 Oct 15): EDZ $37.52

Buy (67) shares EDZ @ $37.52
Target Price (10%): $41.30

Leveraged ETFs (9 Oct 15): EEV $20.46

Buy (123) shares EEV @ $20.46
Target Price (10%): $22.50

Leveraged ETFs (9 Oct 15): DXD $21.51

Buy (117) shares DXD @ $21.51
Target Price (10%): $23.70