Posted by sbaxman111 on 30th of Apr 2018 at 03:20 pm
It looks like today, the last day of the trading month,
will close lower for RUT and other major indexes. Going back to the
last day of December in 2016, the following months had a negative
last day of the month for the RUT Index, and went on to a
short-term gain if a LONG position was taken on that EOM close. Dec
2016, Feb, April, May, June, July, December 2017, Jan 2018, and Feb
2018. Part of the theory for a possible short-term gain if the last
day of the month is negative, comes from the infusion of new money
into the market from 401'K's and other pension plan contributions.
The overall macro-economic long-er term trend signal that I follow
remains positive, and the Spy system is long at the current time as
well. Using the 200% leveraged RUT funds that I prefer, these nine
(9) short-term trades have gained +22.25% on a cumulative
basis.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
It looks like today, the
Posted by sbaxman111 on 30th of Apr 2018 at 03:20 pm
It looks like today, the last day of the trading month, will close lower for RUT and other major indexes. Going back to the last day of December in 2016, the following months had a negative last day of the month for the RUT Index, and went on to a short-term gain if a LONG position was taken on that EOM close. Dec 2016, Feb, April, May, June, July, December 2017, Jan 2018, and Feb 2018. Part of the theory for a possible short-term gain if the last day of the month is negative, comes from the infusion of new money into the market from 401'K's and other pension plan contributions. The overall macro-economic long-er term trend signal that I follow remains positive, and the Spy system is long at the current time as well. Using the 200% leveraged RUT funds that I prefer, these nine (9) short-term trades have gained +22.25% on a cumulative basis.