Staying Neutral - More important than ever
Can you see the greed that's brewing in the markets. EVERYONE is looking for the quick buck (and the quick loss) with these leveraged ETFs. Yes they worked well for the CNBC Million Dollar Portfolio contest but this is live real money. These ETFs are a huge double edged sword and if the CFTC and trading authorities aren't diligent there would be a heavily liquid 6x ETF, 10x ETF etc.
How do you want to play the market? Are you looking to gamble or are you ready to do some research and wait for those high probability setups to come around. Stay neutral and don't ignore indicators. Make sure you have several reasons to get into a position and not just a 'nudge' about the market.