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George Simone
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I'm a long-time Market Participant who has criss-crossed the Market for more years than I care to remember, and a few years ago I got hooked on studying and trading ETFs, especially the leveraged kind. Charts, good charts are an absolute necessity in this field, so the Linchpin of my ETF... More
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  • A Toppy Market Bobbing Along The Top?

    Check this daily bull-chart and note that while this index [SPXL] is hitting the ceiling, its Moving-Average combo continues to display a much exaggerated bullish configuration with a large gap between the green line below the red line. This shows that the market is in a bubble stage which has to be deflated one way of the other.

    Note that the RSI strength indicator keeps hugging the overbought top of its trading range, while at the bottom of this chart the MACD momentum signal bars are beginning to slide into negative territory. This means that there is no staying power behind this rally and that market participants are skating on thin ice.

    By contrast, the weekly chart of the SPXL shows that in the long term [whatever that means] this bull-run remains very much intact. The MA lines configuration remains bullish with just the right space between the green line below the red and MACD signal bars that remain solid in bullish territory on top of the demarcation line. Only the RSI strength indicator is a bit heavy on the overbought side, which has bearish implications.

    So while an impending selling squall could be substantial, it would only be an excellent buying opportunity.

    (click to enlarge)(click to enlarge)

    Check the daily bear chart [SPXS] and note that there is not a bear in sight and that's why the bull can rally without facing any resistance. But just as the bull is overdoing it on the upside, so is the bear overdoing it on the downside.

    First there is the way-overblown bearish gap [green line above the red] of the MA lines configuration while the RSI strength indicator is hugging the bottom of its trading channel. This means that there is no strength behind the bear's down draft. It's the same with the MACD momentum index while its signal bars are making a feeble attempt to rise on top of the demarcation line. While this could be a sign of the bear's awakening, don't hold your breadth.

    The weekly bear chart shows that there is no chance of a bear-attack in the near future. The MA lines configuration is solidly bearish for the bears [green line above the red.] The RSI strength indicator has conked out at the bottom of its trading channel and the MACD momentum signal bars have flat-lined on the demarcation line.

    But because of the conflicting chart projections of the daily vs. weekly bull and bear indexes, expect some interesting and potentially volatile market action in the weeks and months ahead.

    (click to enlarge)

    (click to enlarge)

    So any shakeout in this market will have to come from the sides of the bulls, and that would be a good thing. This current rally is unsustainable and if continued will make the inevitable pullback [if not a correction] so much worse.

    Meanwhile, because economic growth in the U.S. is holding up better than any growth overseas, global investors continue to see Wall Street as a better bet to trade. The U.S. markets have rallied in recent years with the S&P 500 benchmark index more than triple from what it was at its bottom in March/09, mainly on the Fed's easy-money QE programs which halted the financial meltdown from 2008.

    So now, Europe, Japan and China are planning their own versions of "Quantitative Easing" in order to keep their flagging economies from sinking further. The prospect of that being successful is what boosted Wall Street's rally in anticipation of feeding at another trough of easy money. But the announcement by the European Central Bank that they want to wait till the next quarter before implementing QE put a damper on this rally, and just shows how intertwined the global financial markets have become.

    Check the market-forecasting junk-bond canary [JNK] and note that this little bird has immersed into a really bearish mode. The MACD momentum signal bars keep hanging from the demarcation line deep into bearish territory and the RSI strength indicator is flat out at the bottom of its trading channel. Now the MA lines configuration has turned bearish as well with the red line slipping below the green, so we'll see what the market's reaction will be to this bearish forecast.

    (click to enlarge)

    This small-cap index [SML] is part of the market's leadership group and so it is of interest to note that just like the large-caps SPXL, its extremely bullish MA lines configuration [green line below the red] is vastly overblown. While the RSI strength indicator is still in bullish territory, the MACD momentum signal bars have slipped into bearish territory and that is another warning signal for market participants.

    (click to enlarge)

    While this bullish percent index [BPS] is reaching for higher highs on top of an overblown bullish MA lines configuration [large gap between the green line below the red] the RSI strength indicator keeps blowing overbought bubbles at the top of its trading channel, all of which is too much of a good thing.

    This could be the reason that the MACD momentum signal bars have flat-lined on top of the demarcation line. This means that the upside momentum for the bulls continues to dissipate, which is another red fag for investors. (click to enlarge)

    The same overblown, overextended bullish pattern holds true for the NASDAQ 100 index [NDX] which appears to be topping out above the exceedingly bullish MA lines configuration [too large a gap between the green line below the red.] While the RSI strength indicator remains overbought at the top of its trading channel, the MACD momentum signal bars are beginning to slide south of the demarcation line. This means that the upside momentum for NASDAQ is turning negative.

    (click to enlarge)

    The commodity market [GTX] appears to be sliding from bad to worse with its MA lines configuration bearish [green line above the red] and the MACD momentum index along with its signal bars deep in bearish territory. The only potential bright spot for this index is the sharply oversold condition of its RSI strength indicator which is starting to blow bubbles at the bottom of its trading channel.

    (click to enlarge)

    The yellow metal [GOLD] appears to be building a base, but continues to have tough time with it. Its MA lines configuration is still bearish with the green line above the red, and for as long as that is the case gold hasn't got a chance to rally. Yet, with the MACD momentum signal bars in bullish territory and with the RSI strength indicator in dead neutral, gold may be able to build some momentum to the upside, eventually.

    (click to enlarge)

    Oil [WTIC] hasn't got a chance to make it to the upside. With the green line solidly above the red, its MA lines configuration remains bearish and that keeps the oil index in a deep hole at the bottom of a deep pit. The MACD momentum index along with its signal bars are deep in bearish territory and so is the RSI strength indicator.

    Tough luck for crude.

    (click to enlarge)

    A quick and occasional reminder that ETFs are susceptible to the vagaries of market behavior, and that applies specifically to leverage ETFs. This is why for ETF traders it pays to understand and recognize the trends or lack thereof in the underlying indexes.

    According to these charts the market is currently in an "iffy" mood, and could turn on a dime to either direction.

    In case the market turns your way, here are some favored ETFs to consider.

    Leveraged Bull ETFs:

    Healthcare 3x (NYSEARCA:CURE), Semis 3x (NYSEARCA:SOXL), Biotech 2x (NASDAQ:BIB), NASDAQ 3x (NASDAQ:TQQQ), Real Estate 3x (NYSEARCA:DRN), Technology 3x (NYSEARCA:TECL), Health Care 2x (NYSEARCA:RXL), Financials 3x (NYSEARCA:FAS), Retail 2x (NYSEARCA:RETL), NASDAQ 2x (NYSEARCA:QLD), S&P 500, 3x (NYSEARCA:UPRO), India 2x (NYSEARCA:INDL), DOW 30, 3x (NYSEARCA:UDOW), Financials 2x (NYSEARCA:UYG), China 3x (NYSEARCA:YINN), China 2x (NYSEARCA:XPP), S&P 500, 2x (NYSEARCA:SPUU), Mid-Caps 3x (NYSEARCA:UMDD), Alerian 2x (NYSEARCA:MLPL), Russell 2000, 3x (NYSEARCA:URTY), Small-Caps 3x (NYSEARCA:TNA), Materials 2x (NYSEARCA:UYM).

    Non-Leveraged Long ETFs:

    China (NYSEARCA:ASHR), China Small-Caps (NYSEARCA:ASHS), Biotech (NYSEARCA:FBT), (NASDAQ:IBB), (NYSEARCA:BBH) and (NYSEARCA:XBI), India Small-Caps (NYSEARCA:SCIF), Semis (NYSEARCA:SMH), Health-Care (NYSEARCA:RYH), Transportation (NYSEARCA:XTN), Pharma (NYSEARCA:IHE), Semis (NASDAQ:SOXX), Health-Care (NYSEARCA:VHT), Japan (NYSEARCA:DBJP), Medical (NYSEARCA:IHI), Transports (NYSEARCA:IYT), Semis (NYSEARCA:XSD), Info Tech (NYSEARCA:VGT), Financials (NYSEARCA:IYF), Consumer (NYSEARCA:IYC), Consumer Discretionary (NYSEARCA:VCR).

    Leveraged Bear ETFs:

    Oil 3x (NYSEARCA:DWTI), Oil 2x (NYSEARCA:SCO), Russia 3x (NYSEARCA:RUSS), Energy 3x (NYSEARCA:ERY), Oil&Gas 2x (NYSEARCA:DUG), Euro 2x (NYSEARCA:EUO), Gold 3x (NASDAQ:DGLD), Gold Miners 2x (NYSEARCA:DUST), Jr. Gold Miners 3x (NYSEARCA:JDST), Russell 2000, 2x (NYSEARCA:TWM), Russell 2000, 3x (NYSEARCA:SRTY), Small-Caps 3x (NYSEARCA:TZA), DOW 30, 2x (NYSEARCA:DXD), S&P 500, 2x (NYSEARCA:SDS), China 2x (NYSEARCA:FXP), NASAQ 2x (NYSEARCA:QID), S&P 500, 3x (NYSEARCA:SPXU), DOW 30, 3x (NYSEARCA:SDOW), Biotech 2x (NASDAQ:BIS), Semis 3x (NYSEARCA:SOXS).

    Non-Leveraged Short ETFs:

    VIX (NYSEARCA:SVXY), Gold (NYSEARCA:DGZ), Emerging Markets (NYSEARCA:EUM), MSCI- EAFE (NYSEARCA:EFZ), Russell 2000 (NYSEARCA:RWM), Mid-Caps (NYSEARCA:MYY), Active Bear (NYSEARCA:HDGE), S&P 500 (NYSEARCA:SH), NASDAQ (NYSEARCA:PSQ), Oil (NYSEARCA:DNO), Real Estate (NYSEARCA:REK), Dogs of the DOW (NYSEARCA:DOD), DOW 30 (NYSEARCA:DOG), Small-Caps (NYSEARCA:SBB).

    GOOD LUCK!

    Dec 08 3:13 AM | Link | Comment!
  • Are Bulls And Bears Blowing Bubbles?

    During last week's holiday shortened trading sessions the benchmark DOW and S&P 500 totally flat-lined with tiny moves up and down. While the market is making all the right moves for a sharp correction, market participants continue to be cheered by the European Central Bank's effort to force-feed the sagging euro-zone economies with U.S. style QE easy-money policies.

    Add to this that Santa brought an early gift to consumers via the Opec's cartel turning chicken by not cutting crude production, which is causing the price of oil to plunge to multi-year lows. Meanwhile, enter China and its decision to sharply lessen money-flow restrictions in and out of China's financial markets, and Wall Street's rally into uncharted territory was on. This in turn has helped to push U.S. equity valuations to the most expensive level since the end of 2009.

    Funny though, that despite this bullish stock market scenario in recent moths some of the most prominently successful hedge-fund managers are showing some of the worst investment returns in years. Go figure.

    But in a nutshell, this sudden low-priced oil bonanza is here to stay, probably for years to come. That will boost not only global economies but global stock markets as well, and that makes ETF sectors the place to be.

    Problem is that at this early 'next leg stage' of this secular bull market, benchmark indexes have spiked too high too fast and so have reached nose-bleed and bubble-blowing territories, as reflected by their respective RSI strength indicators.

    Note that these two benchmark bull charts DOW [DIA] and the S&P 500 [SPXL] show the same pattern with both indexes straight up from last October's bottom to today's top. They certainly had plenty of support from their respective Moving Averages extremely bullish configurations, showing large gaps between the green lines below the red lines.

    Meanwhile, the respective RSI strength indicators are blowing sharply overbought bubbles at the top of their trading ranges, a convincing sign that this market is ready to blow its lid.

    Also note that while all of this 'irrational exuberance' is going on, these indexes' MACD momentum signal bars have shrunk to dead neutral on top of their respective demarcation lines. This means that there is no momentum to fuel these upside spikes, and that's why the market has stalled during last week's trading sessions.

    Check the S&P bear chart [SPXS] and note that while the bull has spiked up, the bear has spiked down with both overdoing it in either direction. So while the bull has blown an overbought bubble at the top, the bear has blown an oversold bubble at the bottom. This means that as the bull wants to come down from its peak, the bear wants to come up from the bottom.

    So while these two are trying to get this thing sorted out, expect some heightened volatility including some interesting trading opportunities.

    (click to enlarge)

    (click to enlarge)

    (click to enlarge)

    Check this market-forecasting junk-bond canary [JNK] and if you are a bull in this market, hope that this little bird is wrong with this forecast. Everything about this JNK chart is bearish, except for the MA lines configuration [green line below the red] which is still somewhat bullish, but not by much.

    The MACD momentum bars keep hanging from the demarcation line into bearish territory and so is the RSI strength indicator. So watch it.

    (click to enlarge)

    Another little bird which is usually pretty good at forecasting market behavior is this broker index [IAI] which at present doesn't appear to be able making up its mind. While this index is still searching for direction, its underlying MA lines configuration remains way overblown bullish [bearish?] with a large gap between the green line below the red.

    While the RSI strength indicator is still in its bullish territory, the MACD momentum bars are sliding into the bearish camp, and that's where the emphasis lies.

    (click to enlarge)

    This bullish percent index shows that investors' sentiment is still strongly geared to the upside, even though this index shows first signs of weakness at the top. The MA lines configuration remains strongly bullish with the green line below the red, and the MACD momentum bars are still positive on top of the demarcation line.

    The big question mark is the bubble on top of the RSI channel. Should it pop, it could easily trigger a panic selloff. Should it deflate slowly the market still would come down but in an easy manner. In any event, the top of this rally is in, and the bottom is in sight.

    (click to enlarge)

    The small-caps [RUT] are beginning to keel over and when they do, chances are that they'll take the market along too. What is keeping this index up there is the extremely bullish MA lines configuration [green line below the red] which is overstretched and ready to snap.

    The RSI strength indicator is losing strength, and the MACD momentum bars are beginning to slide into bearish territory. These are signs that all is not well with this market.

    (click to enlarge)

    Even though this NASDAQ 100 index [NDX] is exceedingly bullish and keeps soaring to higher highs, it has reached nosebleed territory and is in danger of running out of oxygen. Its MA lines configuration is way overblown with a large gap between the green line below the red.

    This is a sign that everybody and their dogs are piling into the technology sector, which is the mainstay of the NDX. So it is no wonder that the RSI strength indicator of this index is blowing a bubble and so is the technology sector [XLK] both of which are signs that the NDX has reached a temporary top and is ready for a good shakeout.

    (click to enlarge)

    (click to enlarge)

    The yellow metal [GOLD] had done a pretty good job rallying out of hole it had been in since last November. But then the OPEC cartel dashed any hopes that they would cut their crude production, which would have upped oil prices and inflationary pressures. So there isn't any incentive for gold to rally further and it remains to be seen where the price for gold will end up from here.

    (click to enlarge)

    Oil [WTIC] has been a basket case for months, it still is a basket case and it will remain a basket case for as far as the eye can see.

    (click to enlarge)

    With the market stalling and overbought bubbles showing up more frequently, it may be tempting to change from bullish to bearish trading strategies. Yet, this may still be a bit too soon, so for now it is best to get into cash and stay neutral for a while, and wait to see what the market is up to next.

    These charts will show when the time is right to get back in as a bull or a bear.

    Meanwhile, keep track of these ETFs and note the ones favored by the market, in what ever direction that might be.

    Leveraged Bull ETFs:

    Semis 3x (NYSEARCA:SOXL), Healthcare 3x (NYSEARCA:CURE), India 2x (NYSEARCA:INDL), NASDAQ 100, 3x (NASDAQ:TQQQ), Technology 3x (NYSEARCA:TECL), Real Estate 3x (NYSEARCA:DRN), Biotech 2x (NASDAQ:BIB), Retail 2x (NYSEARCA:RETL), NASDAQ 100, 2x (NYSEARCA:QLD), Financials 3x (NYSEARCA:FAS), S&P 500, 3x (NYSEARCA:UPRO), S&P 3x (NYSEARCA:SPXL), DOW 30, 3x (NYSEARCA:UDOW), S&P 500, 2x (NYSEARCA:SPUU), Mid-Caps 3x (NYSEARCA:MIDU), China 2x (NYSEARCA:XPP), Mid-Caps 2x (NYSEARCA:MVV), Russell 2000, 3x (NYSEARCA:URTY), Small-Caps 3x (NYSEARCA:TNA), Materials 2x (NYSEARCA:UYM), Russell 2000, 2x (NYSEARCA:UWM), U.S. Equity 2x (NASDAQ:VUSE), Developed Markets 3x (NYSEARCA:DZK).

    Non-Leveraged Long ETFs:

    China (NYSEARCA:ASHR), Biotech (NYSEARCA:FBT), India (NYSEARCA:SCIF), Biotech (NYSEARCA:XBI), China (NYSEARCA:PEK), Transports (NYSEARCA:XTN), Semis (NYSEARCA:SMH), Biotech (NYSEARCA:PBE), Pharma (NYSEARCA:XPH), Health Care (NYSEARCA:RYH), U.S. Medical (NYSEARCA:IHI), NASDAQ 100 (NASDAQ:QQQ), Reits (NYSEARCA:RWR), Technology (NYSEARCA:IYW), NASDAQ 100 (QQEM).

    Leveraged Bear ETFs:

    Oil&Gas 2x (NYSEARCA:DUG), Crude 3x (NYSEARCA:DWTI), D.B. Crude 2x (NYSEARCA:DTO), DOW 30, 2x (NYSEARCA:DXD), Materials 2x (NYSEARCA:SMN), Gold 3x (NASDAQ:DGLD), DOW 30, 3x (NYSEARCA:SDOW), Mid-Caps 2x (NYSEARCA:MZZ), Health Care 2x (NYSEARCA:RXD), S&P 500, 2x (NYSEARCA:SDS), Financials 2x (NYSEARCA:SKF), Euro 2x (NYSEARCA:EUO), Small-Caps 2x (NYSEARCA:SDD), Financials 3x (NYSEARCA:FAZ), Mid-Caps 2x (SDD), Financials 3x (FAZ), Mid-Caps 3x (NYSEARCA:MIDZ), Crude 2x (DTO), Crude 2x (NYSEARCA:SCO), Gold Miners 2x (NYSEARCA:DUST), Energy 3x (NYSEARCA:ERY).

    Non-Leveraged Short ETFs:

    Emerging Markets (NYSEARCA:EUM), Russell 2000 (NYSEARCA:RWM), Mid-Caps (NYSEARCA:MYY), Active Bear (NYSEARCA:HDGE), Dow 30 (NYSEARCA:DOG), S&P 500 (NYSEARCA:SH), NASDAQ 100 (NYSEARCA:PSQ), Europe (NYSEARCA:EUMV), Oil Fund (NYSEARCA:DNO), Crude (NYSEARCA:SZO), DOW Dogs (NYSEARCA:DOD).

    GOOD LUCK!

    Nov 30 11:47 PM | Link | Comment!
  • A Bright And Dark Side To The Market?

    First to the bright side as depicted by this weekly chart of the S&P 500 index. Ever since October 2011 the Moving Average lines of this index were in a bullish configuration [green line bellow the red line] driving this index to higher highs. So far this bullish configuration remains intact, and for as long as that is the case, so will this rally.

    Note that the RSI strength indicator is sitting in the middle of its bullish territory, neither overbought nor oversold and that is positive for the market. The MACD momentum signal bars are back above the demarcation line and that is bullish. Put it all together and see why this market remains in a bullish gear to higher highs - in the long run.

    (click to enlarge)

    But it is in the short-run as shown by this same chart's daily configurations where the market's dark side lies.

    Sure, this S&P 500 daily index has been and maybe still will be soaring to higher highs but it would be on diminishing upside momentum. Note how the MACD momentum bars were bulking on top of the demarcation line late last October and early November, and now have faded to neutral. When these bars slip below this line, watch out down below.

    The MA lines configuration has turned extremely bullish with a large gap between the green line below the red. This means that in the short run this market has reached a top that is unsustainable. Also note that the RSI strength indicator has been pushed past the border of bubble territory, and that is bearish for the market.

    (click to enlarge)

    But it's still too early to tell if those spikes to higher highs are signs of strength or just bounce-back rallies from the steep selloff last October. In any case, investors are still eager to take advantage of any dips and thereby prevent the market from reaching down to where genuine traction lies. Even some fund managers keep on buying, chasing a train that has long left the station.

    Still, something is going on out there that bodes well for the market in the years ahead. For the last couple of months this market kept looking for catalysts that would give it reasons to rally, but had a tough time finding any. Then last Friday out of the blue, Mario Draghi the head of the European Central bank announced that he would pull out all the stops and open wide the ECB's easy money spigot in order to rescue the euro-zone's economy. This just shows that this is still an environment where the activity of central banks dominates the globe's financial markets. Remembering what the Fed's easy money QE programs did to Wall Street, investors lost no time shifting this rally into high gear.

    The second good financial news item was dropped by China when it announced last Friday that it would liberalize money transactions in and out of China. Most prominent market strategists see this as a huge opportunity for the international financial markets. As some central bank-heads put it, allowing money to flow freely in and out of China will have a major impact on the shape of the global financial system in the years ahead.

    Of course, that is good news for the stock market. But first, Wall Street will have to correct the currently sharply overbought conditions before the market can find the track to its nirvana.

    Meanwhile, asset managers are not wasting any time registering with U.S. authorities new ETFs that are designed to track China's domestic shares and debt instruments. These ETFs would allow any U.S. or Canadian brokerage account to gain exposure to Chinese securities that were previously off-limits for the retail investor. This is why U.S. ETF fund providers want to be there when China's financial scene opens up.

    Check the Troika and note that the two bull components [RSP] and [SPXL] have shot up much too high too fast and have become top-heavy and ready to keel over. Their respective MA lines configurations [green lines below red] show overblown gaps, sure signs that the bull in this game is way overbought and in dire need for some major consolidation.

    The respective RSI strength indicators are both in bubble territory, which is bearish for the market. Meanwhile, the respective MACD momentum signal bars are sitting at dead neutral close to the demarcation lines, which means that the bulls are not sure if to rally from here or go home.

    The bear of this Troika [SPXS] continues to hide way down in a deep hole while its MA lines configuration [green line above red] continues to be extremely negative for the bears. The RSI strength indicator is flat at the bottom of its range, while the MACD momentum bars are flat as well, dead on the demarcation line.

    What all of this means is that any selloff or correction has to come through a stumble by the bulls, not an awakening by the bears.

    (click to enlarge)

    (click to enlarge)

    (click to enlarge)

    This market forecasting junk bond canary [JNK] continues to chirp a bearish tune for the market. Sure, it had itself a bit of a snapback bounce last Friday, but the overall forecast for the market appears to be to the downside.

    While the MA lines configuration is still bullish [green line below the red] the RSI strength indicator is weak in bearish territory, and the MACD momentum bars are hanging from the demarcation line deep into bearish space as well. That is not the kind of JNK configuration that rallies are made of, and raises one more "watch it" signal.

    (click to enlarge)

    The NASDAQ 100 index [NDX] has also rocketed too high too fast and is now getting dizzy spells from the lack of oxygen up there. The MA lines configuration is way out of whack being overly bullish with a wide space between the green line below the red. The RSI strength indicator is next to bubble territory and the MACD momentum signal bars are at dead neutral along the demarcation line, all of which does not for a bullish outlook make. (click to enlarge)

    The small caps [SML] were partly leading the latest leg of this rally, when exhaustion set in and the small caps topped out. Just as with the other major indexes, the MA lines configuration remains extremely bullish with a wide gap between the green line below the red. Yet, the MACD momentum bars are fading below the demarcation line, which means that the upside momentum in this market keeps fading also.

    While the RSI strength indicator is still in positive territory which is bullish, it is only a matter of time before the red MA line slips below the green line, and that would be a signal for a correction.

    (click to enlarge)

    The commodity market is showing a sign of life as this [CRB] commodity index is trying to lift off the bottom while the MACD momentum bars are slowly climbing back above the demarcation line again. But for as long as the MA lines configuration remains bearish with the green line above the red, there isn't much hope for a commodity rally. That the RSI strength indicator is seemingly unable to make it back up above the neutral line, also weighs on this index.

    (click to enlarge)

    The yellow metal [GOLD] is making a real effort to get out of the hole and back into the game again. While this index is in a bit of a rally mode, the MACD momentum bars are strong on top of the demarcation line and the RSI strength indicator is back in bullish territory once more.

    But for as long as the MA lines configuration remains bearish [green line above the red] gold will have a hard time rallying in a meaningful way.

    (click to enlarge)

    Oil [WTIC] is trying to lift off the bottom, but with the MA lines configuration bearish [green line above the red] the MACD momentum index deep in bearish territory and ditto for the RSI strength indicator, oil hasn't got a chance to rally.

    (click to enlarge)

    According to these charts, the market is making all the right moves leading up to a correction. But this would only be temporary if for no other reason than that there is no global alternative to Wall Street. It's the only game left in town that really matters.

    In case the market comes your way, here are some favored ETFs to consider.

    ETF sectors:

    Energy, Industrials, Materials, Biotech.

    Leveraged Bull ETFs:

    India 2x (NYSEARCA:INDL), Healthcare 3x (NYSEARCA:CURE), Semis 3x (NYSEARCA:SOXL), NASDAQ 3x (NASDAQ:TQQQ), Semis 2x (SOXL), Technology 3x (NYSEARCA:TECL), Real Estate 3x (NYSEARCA:DRN) Retail 2x (NYSEARCA:RETL), Financials 3x (NYSEARCA:FAS), DOW 30, 3x (NYSEARCA:UDOW), Alerian 2x (NYSEARCA:MLPL), Biotech 2x (NASDAQ:BIB), Health Care 2x (NYSEARCA:RXL), S&P 500, 3x (NYSEARCA:SPXL), S&P 500, 2x (NYSEARCA:UPRO), Mid-Caps 3x (NYSEARCA:MIDU), China 2x (NYSEARCA:XPP), Jr.Gold Miners 3x (NYSEARCA:JNUG), Materials 2x (NYSEARCA:UYM), China 3x (NYSEARCA:YINN).

    Non Leveraged Long ETFs:

    China (NYSEARCA:ASHR), Semis (NYSEARCA:SMH), Materials (NYSEARCA:XLB), China Financials (NYSEARCA:CHIX), Healthcare (NYSEARCA:IYH), China (NYSEARCA:GXC), Biotech (NYSEARCA:FBT), Healthcare (NYSEARCA:RYH), Semis (SMY), Transports (NYSEARCA:IYT), Pharma (NYSEARCA:IHE). Technology (NASDAQ:QTEC), Medical (IHII), NASDAQ (NASDAQ:QQQ), Japan (NYSEARCA:HEWJ) Technology (NYSEARCA:XLK), S&P 500 (NYSEARCA:NOBL), Retail (NYSEARCA:RTH), Energy (NYSEARCA:XLE), China (NYSE:MCI), Jr. Gold Miners (GDWJ).

    Leveraged Bear ETFs:

    Oil 3x (NYSEARCA:DWTI), Gold Miners 2x (NYSEARCA:DUST), Oil&Gas 2x (NYSEARCA:DUG), Energy 3x (NYSEARCA:ERY), Emerging Markets 2x (NYSEARCA:EEV), Russell 2000, 3x (NYSEARCA:SRTY), Small Caps 3x (NYSEARCA:TZA), Jr. Gold Miners (JDSP), DOW 30, 2x (NYSEARCA:DXD), S&P 500, 2x (NYSEARCA:SDS), Financials 2x (NYSEARCA:SKF), NASDAQ 100, 2x (QIF), Financials 3x (NYSEARCA:FAZ), Biotech 2x (NASDAQ:BIS), Semis 3x (NYSEARCA:SOXS), S&P500, (NYSEARCA:SPXU).

    Non Leveraged Short ETFs:

    Gold (NYSEARCA:DGZ), VIX (NYSEARCA:SVXY), Emerging Markets (NYSEARCA:EUM), Russell 2000 (NYSEARCA:RWM), Mid Caps (NYSEARCA:MYY), Active Bear (NYSEARCA:HDGE), DOW 30 (NYSEARCA:DOG), S&P 500 (NYSEARCA:SH), NASDAQ (QQQ).

    GOOD LUCK!

    Nov 24 3:50 PM | Link | Comment!
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Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.