For Monday, April 23, 2012, the market forecast is a growth-trend

We recommend any leveraged Exchange Traded Fund (ETF) that grows with the US market, but please read our comments below before investing as our subjective opinion differs from our automated forecast.

2-Times Leveraged ETFs

NASDAQ 100

Russell 2000

S&P 500

QLD

UWM

SSO

3-Times Leveraged ETFs

NASDAQ 100

Russell 2000

S&P 500

TQQQ

URTY

UPRO

Technical Comment:

The S&P 500 inched upward a minor 0.12% on Friday with volume above the 30-day moving average but below Thursday’s volume.  Our automated forecast remains at a growth trend.  A decline on the S&P 500 Monday of about 6 points (-0.5%) would likely be enough to trigger our stop-loss algorithm and change our forecast back to an uncertain trend.

Subjective Comment:

With Friday’s volume below Thursday we have another weak-volume up-day.  The pattern of strong-volume down-days and weak up-days continues, and this indicates market weakens.  US equity markets are likely to move sideways or decline from here.  In the past 2 weeks we have seen the development of a 50/50 pattern three times.  This 50/50 pattern indicates a 50% chance of growth and a 50% chance of decline for US markets going forward.  For a full explanation of why we recommend against investing right now, even though our automated forecast is for growth, please read our post published on 4/19/12.

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