etfmsolutions: QLD mixed for Thursday after sell/buy today...05.02.18

Wednesday, May 2, 2018

QLD mixed for Thursday after sell/buy today...05.02.18

We have identical signals from yesterday...mixed long with VIXEN in cash. MR continues as the winning mode and we did something a little differently today. Since it was a FOMC day we know from previous such events that pop and drop is the general order of business so we closed our long QLD positions immediately after the FOMC release at 11 pm PST. This allowed us to book a quick 1% gain and remain flat for the rest of the day as the markets sold off with QLD ultimately closing down just over 1% and another .24% after hours. We have re entered after hours with a partial position based on the PVOL and MR signals.
A risky trading environment needs to be treated accordingly.

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