August 20, 2017

Archives for March 2010

February Ended Well – March 1st Trade

February ended well for the ETF Extremes with a 22.4% gain for the month. You can check it out at the following link: http://etfextremes.collective2.com As for March, well, I placed another trade today that can also be seen at the former link. The NASDAQ 100 (QQQQ) had pushed into a short-term 'very overbought' state so, per my trading guidelines for the ETF Extremes strategy, I placed a trade. The market pushed higher today and into strong overhead resistance and when coupled with a push into 'very overbought' territory the probability of a short-term push lower  increased dramatically. Of course, as we all know, just because the probability leans towards a bearish move there are no certainties. RSI (5) as a useful Technical … [Read more...]