Rally with the 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.

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…



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

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