MDM has switched to a BUY signal. With QE money printing still firmly intact given the ECB's position on asset purchases, the U.S. market is the primary beneficiary thus the stock market could continue its QE-bull for a while longer despite the QE-bull being in its ninth year. That said, the headwind of higher rates in the U.S. may be a breeze instead of a hurricane as QE money flow from the ECB, Bank of Japan, and Bank of England remains a strong, steady tailwind. The S&P 500 will gap up above its 50-day moving average given the tone of the markets after today's jobs report.
Suggested ETFs (Note: Many members buy the standard ETFs or their preferred ETFs. This list serves as a guide as to which ETFs we think may outperform, but the key point is to be on the right side of the market regardless of which ETF or ETFs one chooses.)
QQQ (NASDAQ-100) (Higher risk, higher reward)
TECL (S&P Technology Select)
NOTE: This is a suggested list. Investors may wish to become acquainted with the full range of available ETFs, and should make an effort to understand how these ETFs are created and what their components are, as well as being aware of the downside risks involved, especially with leveraged ETFs. Certain ETFs may be more appropriate depending on one's risk tolerance levels. Typing in keyword 'ETF' into the FAQ keyword search bar or going here https://www.virtueofselfishinvesting.com/faqs/search?p=1&q=etf and visiting this site http://etfdb.com/ can be instructive.