Rally with the leveraged ETFs?

Michael Petryni
12 min readOct 6, 2021

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

11/8/2021 — at the close

On the 24th trading day of the rally, TQQQ and FNGU have given CCI sell signals, up nearly 40% and up nearly 50% respectively.

In addition the NYMO clicked down at a high level, a short-term market-breadth sell.

With the rally up so much from its start on the open of 10/6, I suppose the combination of those two sells — one on the stock, the other a market…

Michael Petryni

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