For Wednesday, Sep 14, 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 0.9% Tuesday on volume lower than Monday but higher than the 30-day moving average volume.

Subjective Comment:
The Eurozone debt crisis continues to intensify with European politicians and bureaucrats offer differing opinions regarding solutions. Even officials and ex-officials from countries outside of Europe are offering advice. The European Central Bank appears to be holding the line by refusing to resume printing Euros, at least for now. This would be a good thing if combined with balanced government budgets in Eurozone nations, but so-called “austerity” measures are not being seriously implemented. Euro-printing could resume at any moment, but it is likely now too late to help reverse the debt crisis and subsequent crash of several European markets. The exceedingly high levels of debt and low government revenues have finally been diagnosed by market participants as untenable. Some sort of bankruptcy or default is going to occur eventually, and it could happen soon. This turmoil will continue to impact US markets as investors with holdings in the US and Europe are selling their US stocks to raise funds to address their needs as their European holdings continue to decline. European banks hold a lot of European debt, and defaults could bankrupt some banks, including very large banks.

The drag on US markets from Europe presents an opportunity to invest in leveraged index funds tied to US markets because the accelerating growth of the US money supply will drive stock prices much higher in the near future, along with the prices of just about everything else. Eventually investors with positions in the US and Europe will either completely abandon their holdings in Europe, or their holdings in the US. Once this happens, the drag from Europe will ease and US markets will grow.

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