This function indicates a short term change in the direction of the market to down. I executed the following orders:
Sold Short BGU @ 50.89
Bought BGZ @ 17.87
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5 comments:
Dave, why do you sell short BGU and buy BGZ? Why both? Why not pick one of them? Thanks in advance for the education.
DC, now that the market is selling off, I came to your site to politely request for you to post your trend oscillator. To my pleasant surprise, you have done it already! Great! Thanks!
Wendy, These triple alpha ETF have a portfolio of derivatives over and above the Dow futures contracts. If you can find the original offering prospectus of this ETF you will find several derivatives that are just big bets with some big humongous bank/broker. Whenever you make a big bet you always have to worry as to whether or not your bookie will pay off if you win. In this case in particular, I have no idea how to calculate the Net Asset Value of these ETF's in order to determine the premium or discount. I avoid the premium/discount or true value determination problem of these ETF's by simply going long and short at the same time. DC
George, I have two direction oscillators. One is based on the price differentials of each 10 minute fractal and another based on the closing price every 10 minutes. I am going to publish them both on the blog for your reference. DC
Thank you.
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