ETFs Posting 10%+ Weekly returns.

Some of these ETFs sorted by their weekly returns. Most of them are posting 10%+ and some of them are in 30%+ zone. 

Look at getting into these names. Some of these names are in my portfolio. COWL, EDC, RUSL, SOXL. 

Some of these got stopped out on the highs of Wednesday itself when during last 15 mins, the markets pulled back.  There are lot of gaps on these ETF which I expect to filled near soon. So I am planning to buy limt orders on the gap close to buy these same names again.

I have also initiated a trade in Cotton Commodity as seasonal play. Last year it gave me a gain of 34%. I expect it to behave similarly this year too..

 

Terrific Start to New Year.

For folks following Mahurat trading in US markets also. They got one huge bumper move yesterday. The rally was kind of Band Baja Rally where each and everything was bought and was bought with super intensity.

This rally seems very similar to Oct 1998 where we had a big decline from June to September and then we had a huge October. Yesterday's  rally seemed more ferocious. My ETF portfolio zoomed up 27% net in just one day. I have never seen moves like that of entire market. But the move is more than welcome as I was participating in the market.

Cheers and Happy New Year.

Happy Diwali and Prosperous New Year.

HAPPY DIWALI and PROSPEROUS NEW YEAR

Mutual Funds for 401K

Here are TOP mutual funds available in Hewitt for Caterpillar Employees. I have ranked them by 90-day Relative strength because most of the funds (expect RYDEX funds) have 90 day holding limit otherwise there is a 2% redemption fee. 

For Folks holding IRA accounts in Vanguard, here are the top funds again ranked by 90 day relative strength.

I suggest that you pick top 3 funds just for diversification purposes as the top spot will rotate among the top 5 funds.

For ETFs, I am holding SOXL and EDC both are up nicely today. Now the YTD returns are at 36%. 

Link to the ETF portfolio:

http://goo.gl/rbeuw

UP 35% in last Week.

 I wanted to compare some of the ETF relative strength to go on margin  in my ETF portfolio and I was amazed to see some of the super returns #s posted on last 5 day basis on these top performing ETF.  

Now holding such explosive names can really boost your portfolio when market turns. I will probably swap out of EEM and go to EDC fund tomorrow. 

Bulls Pushing with Horns, on all four feet, with Tail up in air and Snorts coming out of Nostrils

Today last 10 minutes was one heck of a move. There are lots of people are still skeptical of this move up. But ultimately they all come back after denial. There was lot of despondency set in when the Head and Shoulders pattern came back and tilted the market in bears favor but since then the H/S pattern has been negated but people are still living in fear.

I still think this is Trader's market till we really see some of the other indicators like VIX turn positive. The VX futures ( Nov, Dec, Jan) all flatten out and get rid of their bearish posture.  If you study the sentiment cycle then after despondency, hope, relief and optimism sets in.. With today's move, that might tilt the investor psychology towards that optimist mode.

With that said, I am long in some of the ETF that are really outperforming. EEM, SOXL and SPY.

Link to the Portfolio:
http://preview.tinyurl.com/3sqdvxz




Keep any eye on signs of pullback. If market is for real, then it will and should have the classic pullback pattern.  The sector leadership was terrific as we always expect when a bull move starts, You want Banks, Brokers and Transports to be your leaders while Bonds, Utils and Consumer discretionary should be lagging the market.

Turnaround Tuesday..

We had our Tin Tin Setup today again.. Again the 3 pm ET time, the buy program came in fast and furious and turned the overall down day into a 4% up day.

As yesterday we had around 1500+ stocks down on PNF chart.. Today similar number of stocks were up.
You can follow the link below to track these numbers and stock names.

http://stockcharts.com/def/servlet/SC.scan?s=TSAL[t.t_eq_s]![as0,20,tv_gt_40000]![yo_eq_1]&report=predefall

I added a short position on VXX and long position on SPY in ETF portfolio and long positions in AMZN call and covered the short MA position with $22 bucks profits. I will update my spreadsheet to reflect this. Since this rally is from extreme value and gauging its fast and furious intensity it felt like chasing a fast moving train to latch on due to my TOS platform settings defaulting to limit order. I was not filled twice and then I finally hit the market and got filled. Due to this ferocious move, the H/S pattern is bit negated and market can move up from here  but as I said this morning.. Watch the Road ahead

Remain cautious and protect your profits.  Good Night.. 

Hold The Handle Tight and Watch the Road Ahead (Charts)

With the convincing break of 1120 area yesterday and then subsequent slice through 1102 area.. The market is firmly in the bear hands.

The bulls might fight back here with everything getting slammed on extreme levels. The number of charts on PnF charts breakdowns were again huge.. around 1700+ numbers... so chances of snap-back up  rally are quite high (more like 35 points on SPX) but again this is news driven market so more downside might be there.

On measured move basis of Head and Shoulders Shampoo pattern, we should expect around SPX 970 to 1000 range. I believe this would cause all the Optimist to turn their heads down and retreat for a big up move.

Read your charts well and drive your portfolio very carefully. This is the place where bull and bears both can get chopped.