See Part-I for problem statement:
http://perfectew.blogspot.com/2012/06/what-etfs-are-good-for-trading.html
Answer from bucks - "why you didn't use EEM instead to create trading signal? due to 3X ETF's leverage, the traditional TA signlas may be exaggerated or stretched to deviate from the right path of the underlying ETF."
http://hutong9.net/forum.php?mod=redirect&goto=findpost&ptid=173224&pid=1829525&fromuid=17450
Answer from hometh - "if use spy, then trade spxu, upro; if use eem, then trade edc, edz"
http://hutong9.net/forum.php?mod=redirect&goto=findpost&ptid=173224&pid=1829562&fromuid=17450
So we have:
Use SPY to genearte signals for: UPRO, SPXU
Use EEM to genearte signals for: EDC, EDZ
Use XLF to genearte signals for: FAS, FAZ
Use QQQ to genearte signals for: TQQQ, SQQQ
...
I haven't found a good candidate that can be used for generating signals for TNA and TZA. Any suggestion?
From busted - "IWM for TZA or TNA"
ReplyDeletehttp://hutong9.net/forum.php?mod=redirect&goto=findpost&ptid=174011&pid=1830637&fromuid=17450
Wonderful! I took a look their charts and found, yes, that's the one! Thanks so much for everybody's help! So now we have the following list:
Use SPY to genearte signals for: URPO, SPXU
Use EEM to genearte signals for: EDC, EDZ
Use XLF to genearte signals for: FAS, FAZ
Use QQQ to genearte signals for: TQQQ, SQQQ
Use IWM to genearte signals for: TNA, TZA
URPO typo -> UPRO
DeleteWe have a better answer for this:
ReplyDeleteHow to Avoid a Big Gap Down?
http://perfectew.blogspot.com/2012/07/how-to-avoid-big-gap-down.html