“It’s easier to play the swings with leveraged ETFs”

The market, and its stocks, either goes up or it goes down. It is amazing how difficult it is to recognize that simplicity.

BUY SIGNAL — the open of 9/22/21

Four trading days into the context buy signal from the #Nifty50StockList, with the NYMO on the same day and now the NYSI on a buy signal two, see the chart panel below.

So what now?

As long as the NYSI keeps climbing, this is a hold until further notice. And it is a buy-the-dips market as long as internals are positive.

All of the leveraged ETFs displayed here — TQQQ, TNA, SOXL, ERX and FAS — are advancing with ERX, up nearly 20% and FAS up14.5% leading the upswing.

(click on the chart panel for a larger view — the while flag on the right axis show the dollar/percentage gain per each $10,000 for the trade)

ANOTHER BUY SIGNAL — the open of 9/12/21

When the market went on a sell a mere three trading days ago, I noted: “This turn down is probably just a brief pullback in what has been until now an obvious bull market. And the pullback may already be over the Nifty50StockList already has 40 stocks on sells.

That could be a distinct possibility now.