On Monday, major averages rose on lighter volume for the second day on the NASDAQ Composite, and today is looking to be a third day of lower volume. The Market Direction Model senses this to be more of a dead cat bounce as leading stocks continue to falter and distribution days continue to pile up. On top of this, a short term indicator has pushed the MDM into a sell signal.
RWM - Russell 2000 small cap 1x bear. It should approximate 1x the inverse of the Russell 2000.
PSQ - NASDAQ 100 1x bear.
TWM - Russell 2000 small cap 2x bear.
QID - NASDAQ 100 2x bear.
TZA - Russell 2000 small cap 3x bear.
SQQQ - NASDAQ 100 3x bear.
TECS - S&P Techology Select Sector 3x bear.
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