For Wednesday, Nov 16, 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 rose 0.5% on Tuesday on volume higher than Monday but below the 30-day moving average volume.  The S&P 500 would have to drop by about 25 points on Wednesday (2%) for our forecast to change to uncertain.

Subjective Comment:

10 of the last 12 days have seen trading volume below the 30-day moving average.  It will be interesting to see if this trend continues.  If it does, market volatility can remain high.  It also appears the recent up-trend in the market may have leveled off at a plateau.  The decline in volume is consistent with the plateau and could likely be a period of technical consolidation that can occur between short-term trends.  We are still of the opinion the US market and economy has begun another bubble-boom caused by the money expansion encouraged by the Federal Reserve.  See our previous posts for more details on this point.

Europe continues to be a financial crisis and crash about to happen.  It is not clear of the European Central Bank will begin money printing or not.  If not, the crash that will happen in Europe will put short term downward pressure on US markets.  The magnitude could very likely be large enough to trigger our stop-loss algorithm and flip our forecast to uncertain.  If you are not yet invested in US equities, consider waiting until the ECB begins printing money like mad, or for Europe to crash and US markets to bounce back afterwards.  If you’re already invested, be prepared to hang on for a wild ride.  You’ll have to make your own decision regarding positioning your portfolio.  The thing to watch is the money supply from the ECB and the Fed.

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