#MarketTiming — What goes down can also go up…

Can this market bounce right now?

5/17/2022 —

The bounce gets bigger…

With the NYMO swing signal to bolster the bounce off the bottom, all the leveraged ETFs (see chart below) keep cranking more profits.

For instance, FNGU is up 27% in four trading days, SOXL up 31%, and LABU, the leveraged biotech ETF, up 47%.

In addition, the all-important longer-term market-timing signal, the NYSI turned up today so the bounce could become a…

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Journalist, film critic, screenwriter, proprietary trader seeking simplicity in trading. https://thegodoftrading.medium.com/membership

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Michael Petryni

Michael Petryni

Journalist, film critic, screenwriter, proprietary trader seeking simplicity in trading. https://thegodoftrading.medium.com/membership

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