Leveraged ETNs Review 5.11.17

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EOM Technical and Trading: Leveraged ETNs Review 5.11.17

The goal of this series is to see how quick trading profits cover EOM education costs. Then focus on how many dollars we can generate in profits, each and every month.  

Per the performance chart above, using year-to-date data MORL is the group leader, and CEFL is now second. Note how much the view can change when analyzing different time frames. Using one-year returns, CEFL was the laggard.

The group peaked during the last week of April. Those jumping in during that time frame did not use the Simple Simon to enter.

To play this group, simply set the alerts I covered when analyzing each candidate. When the selling stops, and we receive a solid SS weekly, then a daily confirmation, then watch what happens.

This group was added to the Playbook as candidates for higher risk Garden allocations. With these fantastic returns, they also make great trading candidates!

Tomorrow, we will put on our Bear suits and look for upcoming opportunities!

Enjoy your day!

David O. England

Plan your work, work your plan, and share your harvest! 1 Timothy 2:1-2

This information is for Educational purposes only. It shall in no event be construed or interpreted as an offer or recommendation to buy or sell securities of any kind.

DAVID O. ENGLAND is the founder of the Eye on the Market-Training Academy and Associate Professor Emeritus of Finance. This column is presented for educational purposes only and not intended as financial advice.

If you have a question or comment, contact David England at eyeonthemarket@outlook.com.

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