etfmsolutions: QLD 50% Long for Monday...TBT Long....03.24.18

Saturday, March 24, 2018

QLD 50% Long for Monday...TBT Long....03.24.18

As a tactical follow up to my skittish attitude towards Thursday's 50% long signal on QLD we closed the position Friday early on as QLD crosses down from positive to the zero line, thereby putting us net flat for the day and avoiding the subsequent 5% drawdown that followed.
We'll use the same tactic going into Monday for QLD and have added a small TBT (TLT x2 inverse) position based on the mean reversal model and the MOZ signals.
What looked like a possible early on recovery on Friday did in fact become the dreaded TRAP DOOR pattern with resultant carnage, especially in the last 45 minutes of the day when selling was in earnest and buyers were no where to be found.. Amazon again closed on the low of the day....a bad harbinger for things to come.
I've added the TBT studies back in for the weekend post as the signals have been quite reliable.
Keep in mind that Black Monday began with Black Friday so gird your loins, fasten your seat belt and be prepared to exit any falling knives in a heartbeat. Capital preservation is job 1 !!!!.

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