The recent weak bounce along with foot-dragging on the part of central banks lend further fuel to the current downtrend. MDM has thus switched to a SELL.
Based on Bernanke's testimony, it seems the markets will have to fall further before Bernanke cries Uncle! It therefore seems as if the downtrend should continue on this basis since the European Central Bank and U.S. Federal Reserve are not accelerating the pace of quantitative easing until the market falls further. Price/volume of major averages and leading stocks continues to be relatively morose.
Suggested inverse ETFs:
RWM - Russell 2000 small cap 1x bear. It should approximate 1x the inverse of the Russell 2000.
TWM - Russell 2000 small cap 2x bear.
TZA - Russell 2000 small cap 3x bear.
EDZ - MSCI European emerging markets index 3x bear. Note, there are 1x and 2x equivalents but they are too thin so we would suggest position sizing in EDZ according to your risk tolerance levels.
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. ©2019 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.