Below you will find pages that utilize the taxonomy term “ETF”
I picked up a few shares of XLE yesterday. I figured it was beaten down enough and should revert back to the mean, hopefully around $60.
Chart wise I see two things happening. First, I see a window was opened when XLE fell off the cliff in March. I should probably do the statistics on it but the general wisdom is that eventually this window would be shut. If that’s to be believed then the price for XLE should rise ~ $43/share in time.
I should really use the python scripts I’ve written to make chart generation easier for me. Right now I need to spin up a Jupyter instance and run them by hand if I want to make something custom.
I’m taking a quick stroll through the Healthcare ETF (XLV), the Q’s (QQQ), and the general S&P500 (SPX) ETFs.
I’m using my own dynamic implementation of autogenerated support and resistance lines. If I squint real hard I can see some ETF’s running out of steam and others bumping heading toward resistance.
I recently picked up the late John Bogle’s book, “The Little Book of Common Sense Investing” and I plan on reading through it despite knowing the basic jist of it. Bogle was famous for creating the low cost index fund and the main thrust of his argument is keep expenses low and diversify into indexes. He started the Vanguard Mutual Funds and is the king of passive investing and many people got rich off his philosophy.
No changes to my portfolio. I am looking to add some long term stocks or ETF's in the next few months.
Which of these sectors would you buy right now?
The answer depends on whether you're a trader or investor, and of course your holding time.
$SLV seems to have tricked us after bouncing and closing above the 50 WMA last week. That's good news and it appears SLV will be gaining steam this week as it rides up trend channel. If $SLV closes above the 50 WMA this week, then I'd see we're in the clear until we're not.
$SLV is acting strangely again. A warning flag came up in my model that the trend might be breaking down in this ETF BUT it sure looked that way back in July 2009 as well. Then it broke below the channel but stopped at the 50 week moving average. This time it poked and closed below the 50 week moving average.
Is $SLV tricking us again? What do you think? If you leave a comment, I'll reveal my answer.
$RFV was a winner for me. In fact it was my largest winner in the bunch, clocking in over 12% or about +3R. However, it got taken out via a stop on 1/21/10 as the market looked like it started to rollover.
Rules of the trend system: Always use stops and strict money management. Let the market decide when its time to quit.
Exchange Traded Funds (ETFs) come in so many flavors these days that itâ€™s hard to keep track of them all. I really like them because it gives the average investor exposure to different asset classes such as currencies, commodities, and emerging markets. The beauty of ETFâ€™s is that you can usually buy them for your 401K or IRA accounts thereby giving you the ability to diversify very broadly.
Currently there are 8 major currency ETFâ€™s available that I know of and they are:
Volatility begets more volatility and it looks like every time the annualized volatility number crosses the 13 DMA of volatility, the QQQQ prices become very volatile. Right now the Q’s are in a relatively low state of volatility but we all know that low volatility begets higher volatility and vice versa. I’m looking for more pain in the coming weeks.
The Brazil ETF (EWZ) is having a tremendous run that’s spanning several years now. Its rather amazing when you look at the chart and yes I missed this one along with the other RIC (Russia, India, and China) countries of the BRIC consortium.
The cynic in me can’t help but wonder when this BRIC cycle will come to an end? After all, all things come to an end and the smart money will migrate elsewhere.
The melt up in indices continues and I suspect the short sellers will be squeezed throughout earnings seasons. Now’s a good time to be long but sooner or later the party will end. One day, when we least expect it, volatility will pick up and the first spike will probably be down. My guess is that itâ€™ll probably have something to do with the sub-prime mess.
Take a look at the low volatility we’ve had for 4 years in the Nasdaq QQQ’s.
Today I wanted to share with you a part of the algorithmic back end to my ETF Trend System. Note, I said “part”, I’m not giving away all my secrets. It’s written completely in Excel, incredibly simple, and is a macro that you can import. The system works by using something called linear regression slope.
The easiest way to understand what linear regression slope is, is to think back to your basic statistics class.