With increasingly pronounced selling pressure, the model has switched to CASH. The S&P 500 and Dow are just over 1% off their peak, and NASDAQ Composite 5% off its peak. It is important to be nimble in these highly unprecedented markets. MDM may quickly move to a sell depending on how things go. But given the state of QE, MDM is poised to remain flexible should the markets start tiptoeing higher.
Please see today's Premarket Pulse for further details.
Suggested ETFs:
1-times inverse
RWM - Russell 2000 small cap 1x bear. It should approximate 1x the inverse of the Russell 2000.
PSQ - NASDAQ 100 1x bear.
2-times inverse
TWM - Russell 2000 small cap 2x bear.
QID - NASDAQ 100 2x bear.
3-times inverse
TZA - Russell 2000 small cap 3x bear.
SQQQ - NASDAQ 100 3x bear.
TECS - S&P Techology Select Sector 3x bear.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.