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s…Once anyone realizes they can do this themselves why would they pay me?He replied: “You’re not selling signals, dad, you would be selling the reassurance the signals work. That is worth a lot, a lot, lot more than the signals themselves.”Okay, that might be worth something. A lot really.The NYSI turned up on October 31st, triggering a general market buy signal on the open of November 1st, eight trading days ago.Since then this is what has happened on the 3x-Leveraged ETFs I call the “Super Six. I’m not going to itemize the gains on each ETF as I did in the last post — suffice it to say they are all up more than 30% now in 11 trading days, led by NAIL, up 56% and SOXL up 51%.You can tally up the current, spectacular gains for yourself by clicking on the chart below and enjoying the show.Eleven trading days — what a great upswing!Now for the but, but, buts…It’s been great and it can be even greater but this has gone awfully fast and awfully furious with no relief, no backing and filling.My Nifty50StockList again has 44 stocks on buys and 36 overbought. That is too many and usually what comes next the individual stocks tumble into sells off overbought.While the NYSI rages on (the reason all this money is being made) and probably won’t quit for a while. It takes a while to role over at this level but the NY

Options

MO did turn down today with a small high-below-a high diveergence, suggesting some profit taking, some lightening up, may be in order, are at least a tightening of trailing stops to insure these splendid returns do not fall too far.There are those in the market calling this a bear-market rally, the hard run up only to grind down again. That is possible but unlikely, at least not right now.Right now, whatever pull back there is remains a “dip to buy” until further notice.(Click on the chart panel below for a larger view. The white flags on the charts’ right axis show the dollars/percentage gains for each $10K traded.)<figure id="0ac7"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*XTAGBjIUw_gKJrRMjXABjw.png"><figcaption></figcaption></figure><h2 id="fe71">A Message from InsiderFinance</h2><figure id="2f53"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*10x5_2smmKq8oIlf.png"><figcaption></figcaption></figure>Thanks for being a part of our community! Before you go:<ul><li>👏 Clap for the story and follow the author 👉</li><li>📰 View more content in the <a href="https://wire.insiderfinance.io/">InsiderFinance Wire</a></li><li>📚 Take our <a href="https://learn.insiderfinance.io/p/mastering-the-flow">FREE Masterclass</a></li><li>📈 Discover <a href="https://insiderfinance.io/?utm_source=wire&utm_medium=message">Powerful Trading Tools</a></li></ul></article></body>

Okay, is anyone tired of making money #MarketTiming the NYMO/NYSI and ETFs?— the rally rages on — 11/15/2023

The stock market either goes up or goes down, taking its stocks and ETFs with it. And yet It is amazing how difficult it is to recognize that simplicity.

THE TRADING STRATEGY

Short-term swing trading: When the NYMO turns up, it is time to buy stocks on the next open. When the NYMO turns down it is time to sell stocks on the next open.

Longer-term swing trading: When the NYSI turns up it is time to buy stocks on the next open. When the NYSI turns down, it is time to go to cash or to go short on the next open.

Most stocks and ETFs move with the market.

Simple as that.

Updated 11/15/2023 — Click on the chart for a larger view.

To my mind, there is no better market-timing tools than the McClellan Oscillator (the NYMO) and its Summation Index (the NYSI).

One of my sons once suggested to me that I sell my market-timing signals for a lot of money.

I said I can’t do that. They are all so cut-and-dried, such simple buys and sells…Once anyone realizes they can do this themselves why would they pay me?

He replied: “You’re not selling signals, dad, you would be selling the reassurance the signals work. That is worth a lot, a lot, lot more than the signals themselves.”

Okay, that might be worth something. A lot really.

The NYSI turned up on October 31st, triggering a general market buy signal on the open of November 1st, eight trading days ago.

Since then this is what has happened on the 3x-Leveraged ETFs I call the “Super Six. I’m not going to itemize the gains on each ETF as I did in the last post — suffice it to say they are all up more than 30% now in 11 trading days, led by NAIL, up 56% and SOXL up 51%.

You can tally up the current, spectacular gains for yourself by clicking on the chart below and enjoying the show.

Eleven trading days — what a great upswing!

Now for the but, but, buts…

It’s been great and it can be even greater but this has gone awfully fast and awfully furious with no relief, no backing and filling.

My Nifty50StockList again has 44 stocks on buys and 36 overbought. That is too many and usually what comes next the individual stocks tumble into sells off overbought.

While the NYSI rages on (the reason all this money is being made) and probably won’t quit for a while. It takes a while to role over at this level but the NYMO did turn down today with a small high-below-a high diveergence, suggesting some profit taking, some lightening up, may be in order, are at least a tightening of trailing stops to insure these splendid returns do not fall too far.

There are those in the market calling this a bear-market rally, the hard run up only to grind down again. That is possible but unlikely, at least not right now.

Right now, whatever pull back there is remains a “dip to buy” until further notice.

(Click on the chart panel below for a larger view. The white flags on the charts’ right axis show the dollars/percentage gains for each $10K traded.)

A Message from InsiderFinance

Thanks for being a part of our community! Before you go:

👏 Clap for the story and follow the author 👉
📰 View more content in the InsiderFinance Wire
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📈 Discover Powerful Trading Tools