For Thursday, Sep 8, the market forecast is for growth

We recommend any leveraged ETF that grows with the US market.

Here are some options:

2x Leveraged ETFs

 

NASDAQ 100

Russell 2000

S&P 500

QLD

UWM

SSO

3x Leveraged ETFs

NASDAQ 100

Russell 2000

S&P 500

TQQQ

URTY

UPRO

Technical Comment:
The S&P 500 closed up 2.9% on Wednesday on volume lower than Tuesday and lower than the 30-day moving average volume. Our automated forecast remains for growth. The stop-loss algorithm has adjusted such that a closing decline of about 19 points on Thursday might trigger a forecast change to uncertain.

Subjective Comment:
High volatility remains in US and world markets. We’re guessing this volatility will remain for quite a while in the future, so shifts of our automatic forecast between growth and uncertain remains a possibility. Tuesday’s market drop was on higher volume, and Wednesday’s increase was on lighter volume. These facts are more consistent with a declining trend than a growth trend. We would rather see the market advance on higher volume and pull back on lower volume. Regardless, the pattern that has developed over the past several days and weeks continues to be similar to historic turning points prior to market advances. This is why our automated forecast remains for growth.

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