ETF Trading Strategies Follow The Trend IWM SPY QQQ DIA 5/18/2013 - The Stock Market Index Funds are maintaining a bullish trend. The DIA, IWM, SPY and QQQ Equity Traded Funds again posted a positive day and week. All of our price and momentum indicators are positive. We had a buy signal the last week of April and we have been moving up with very little selling and resistance. This is not the time to start buying on the bullish or long side. One of our main indicators we use is the Relative Strength Index (RSI). It is above the 70 mark on all of our ETF index funds. A good buying opportunity would be a RSI in the 40-50 area in a bull market. It would be a good time to wait for a pull back. New York Stock Exchange McClellan Oscillator came down to the 0 line and bounced up on Friday. When this indicator drops below 0, we start to get selling in the market. We use various other charting methods and some bearish charting patterns have been developing. That does not always mean it will turn down the next day, but it is a caution to be ready for some selling. We use various other charting methods and some bearish charting patterns have been developing. That does not always mean it will turn down the next day, but it is a caution to be ready for some selling. We will be looking for entry points in some of the Bear funds we use when the market turns around. We first need to see the bears and sellers start to show up.
Visibility: 800
Duration: 8m 13s
Rating: 1