The question you pose are specific to how one trades (swing,
hybrid, short term). For instance, some here have bought and sold
those ETF's already while others are looking to swing trade them.
However, you need to make sure you (personally) manage those
purchases in accordance with you objectives and risk tolerance. The
comments on the watchlist are meant to provide general guidance but
each person must adapt to his/her own strategy. In other words, you
should develop a game plan and act accordingly. What's right for
one individual may not be proper for someone else. It may sound
corny but this is all very important in the context of proper money
management. With that said, I posted a daily RUT chart below
showing that the index has now worked down to oversold and 'may' be
in a position to bounce. Matt discussed gold and silver last night
but again make sure you have an exit strategy in place should they
reverse course.
Thanks Steve, as I said I'm holding
these (swing trading them). Have no problem holding through a
pullback in these, just wondered if BB or the prez were planning on
doing something that would affect the general market in these
ETF'S. Aslo, do not own HDY, just noticed todays wild pullback. As
I recall, some were hot on this one long term. Maybe a buying
opp?
Nice report last
night :-) I get the Idea,
Jim
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Jim: The question you pose are
I'm a bit spun here...I own ZSL, and DZZ, ...
Posted by steve on 25th of Jan 2011 at 07:32 pm
Jim:
The question you pose are specific to how one trades (swing, hybrid, short term). For instance, some here have bought and sold those ETF's already while others are looking to swing trade them. However, you need to make sure you (personally) manage those purchases in accordance with you objectives and risk tolerance. The comments on the watchlist are meant to provide general guidance but each person must adapt to his/her own strategy. In other words, you should develop a game plan and act accordingly. What's right for one individual may not be proper for someone else. It may sound corny but this is all very important in the context of proper money management. With that said, I posted a daily RUT chart below showing that the index has now worked down to oversold and 'may' be in a position to bounce. Matt discussed gold and silver last night but again make sure you have an exit strategy in place should they reverse course.
Thanks Steve, as I
Posted by Jim on 26th of Jan 2011 at 07:56 am
Thanks Steve, as I said I'm holding these (swing trading them). Have no problem holding through a pullback in these, just wondered if BB or the prez were planning on doing something that would affect the general market in these ETF'S. Aslo, do not own HDY, just noticed todays wild pullback. As I recall, some were hot on this one long term. Maybe a buying opp?
Nice report last night :-) I get the Idea,
Jim