Thursday, January 17, 2013

Reaction from the 2x leveraged ETFs

Earlier in the week I pointed out that the 2x leveraged ETFs were seeing more action, better signals, etc than the 3x leveraged ETFs, I though it might be that they'd wait as long as possible on heavier leverage, especially with that choppy range which is tough on ETFs. In any case, I noticed the 2x leverage reacted more quickly and stronger than 3X and the long ETFs where damaged more than the short ETFs where improved, which also sounds like a "Waiting" situation.

Any way, as the Q's pierced the range, here's the reaction of the 2x long and 2x short (QLD and QID respectively).

 QLD 1 min (2x long)

QID 1 min (2x short)

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