*As I am guessing my favorite sector to trade - the precious metal miners - may be taking a short breather for a couple of weeks, I thought it would be interesting to see what else there is to trade that is currently exhibiting a truly first class technical setup.*For my most ideal setup, 4 conditions are present. It is rare to find all four of these conditions coexisting at the same time and usually it is enough that only 2 conditions are active. But sometimes it does happen that 3 or even 4 conditions are active and then it is next to impossible to have a losing trade.*The four ideal conditions are as follows:1. Breakout of the True Strength Index (TSI) indicator trend line2. Breakout of the Money Flow Index (MFI) indicator trend line3. TSI indicator crossover of the ZERO line (from negative readings to positive)4. Positive divergence of the TSI indicator with respect to price movement (indicator rising, price falling)*I always set my TSI indicator to (7,4). I always set my MFI indicator to (10). I always use the software freely available at FreeStockCharts.com for my analysis.*For today's musing I have revisited my arsenal of double and triple strength ETFs, and found a handful of candidates that I personally will consider buying after this weekend. These ETFs, in alphabetical order include: DEE, DNO, DTO, and FAZ.*So let's get to these 4 charts now, and see which ones look most promising!*The first ETF will be DB Commodity Double Short ETN (DEE). I guess it would make sense that as most commodities, such as gold, silver, ag, and oil have been very hot for the past couple of months, they may take a breather with the upcoming market correction - and money can now be made shorting their correction.*Second is the United States Short Oil Fund (DNO). This ETF is NOT leveraged. What an incredible setup this one has! This is about as good as it ever gets.
*Third is PowerShares DB Crude Oil Double Short ETN (DTO). This is a 2X leveraged short ETN and save for the ZERO crossover, which is a scant distance away, this is a perfect setup.
*Fourth and finally will be Direxion Financial Bear 3X Shares (FAZ). Flawless setup - somebody will make money this week owning FAZ.*Not sure you want to trade a 3x leveraged ETF? Maybe consider SKF, which is a 2X short Financial ETF. Trust me, the setup is identical - I checked.*I found a couple other ETF themes that also checked out very favorably. They were Direxion Daily India Bear 2X (INDZ) and Direxion Daily Retail Bear 2X (RETS). I did not include them in this post because they trade with quite thin volume and knowing that most of my readers are heavy hitters, well, that would just not be acceptable, would it?*A recap for this post would be to anticipate weakness this upcoming week in key areas that generally hold the stock market up. Those themes include commodities, oil, financials and retail. And a reminder that one can make money when the market goes up. And one can make just as money when the market goes down.
Terimakasih anda telah membaca artikel tentang True Strength Index (TSI) Breakouts - ETFs. Jika ingin menduplikasi artikel ini diharapkan anda untuk mencantumkan link https://btcchoice.blogspot.com/2010/10/true-strength-index-tsi-breakouts-etfs.html. Terimakasih atas perhatiannya.