I'm not sure if you are interested or not in a call position which for me, would be a quicker trade than say a long SPY (leveraged ETF) position, but if so, I think all three averages look pretty good here for a call position entry (by 3 I mean SPY, QQQ and IWM).
I'll likely be opening at least a couple very soon and will let you know before hand, I want them slightly in the money with about a MArch expiration, although I think you could get away with a shorter expiration (maybe I'll mix them up a bit).
I'll post the charts momentarily. It seems our head fake scenario is coming to pass; there's a rounding/reversal process in place with growing positive divergences so if I were looking to add some leveraged long ETFs like URTY, TWM, UPRO, QLD or TQQQ, I'd be looking to add them pretty soon, I think the call timing is probably a little more crucial and the equity/ETF positions still have time to develop a bit further.
Again, so far so good.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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