Meltup Continues and ETF picks for Week of Feb 21

Once again market it N has proven itself so strong, that every time there is some kind of weakness, there are buyers stepping in to boost and melt it up.

During last week, DAG's parent company announced that they no longer will support DAG as an ETF and will support it as a Closed end fund. Due to that many traders and investors, due to that the I was stopped out at my stop price.

Our top ETF picks last week and their weekly returns are as follows:

Top 5 ETF last week were

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ETF  Weekly gain

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1. FAS - 1.75%

2. DDM - 2.02%

3. EPI-  (0.06%)

4. DAG - (3.14)%

5. SOXL - 5.78%

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Cumulative return of 1.72%.

As I pointed out last week, VIX is trading near its low range. 

Even though market continues to be stong. I am still standing with one leg out of door.

A correction here would go long way towards making 2011 one of the solid years in the history.

This week's Top Picks Weekly ETF

TOP ETF for this upcoming week are as follows:

These are the top ETF to hold this week

1. FAS - Hold from last week

2. DDM - Hold from last week

3. EPI - Hold from last week

4. SOXL - Hold from last week.

5. SGG - Stop at 86.00

Instead of tracking these ETF on weekly basis. I am putting together a tracker to track these trades comprehensively.

Here is a link to this tracker.
https://spreadsheets.google.com/ccc?key=0AjnqAUXzNFr4dGlDeGtHWUcxY1haMWc4TWF0UmxFU3c&hl=en#gid=0

As this meltup continues, it is setting up for a exponential rise before it sharply reverses. Be sharp and on any sign of weakness be ready to dump everything back. Protect your profits and keeps  moving the stops if the positions move in your favor.