etfmsolutions: QLD flat for Tuesday....04.02.18

Monday, April 2, 2018

QLD flat for Tuesday....04.02.18

Our flat signals for Monday kept us from some nasty drawdowns that would have broken through the limit stops ans cost us some big bucks. We might expect some reaction rally tomorrow but these are precarious times with the breaking of key support levels and old timers like myself are in no mood to try and catch a falling knife. Worst is the dreaded TARP DOOR reversal from apparent recovery strength that then results in new lows...sometimes dramatic new lows. Caveat emptor.
Note that the current limit stop % value has more than doubled from last week.
We are flat for Tuesday.

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