In my market direction comments on Wednesday I wrote in the final line “For Thursday I am expecting sideways action with and a bias to the upside although the technical indicators are pointing to the market direction drifting sideways with almost an equal chance of the market moving up or down.”
Today’s market direction portfolio trade outlines the strategy being used to further assist in understanding how to trade the Ultra ETFs for superior returns. This morning’s trade was once again a picture perfect trade thanks to the strategy itself, which not only sets up the entry point but also establishes protective levels which warn the investor when to get out and protect their capital from a loss.
Trading the market direction through the Ultra ETFs is a matter of focus and following what the index itself is telling investors. This strategy continues to bring in substantial returns with the Market Direction Portfolio already up 18% for the year. I am anticipating an annual return of more than double that amount. I have increased the number of shares being traded per my Market Direction Portfolio strategy discussion earlier this week.
This is a strategy discussion article for FullyInformed Members. Members can can login directly through this link to read this market direction strategy outline.. Members can also sign in to the full members site here. Non-members can join here or read the benefits of being a member.
Market Direction Internal Links
Profiting From Understanding Market Direction (Articles Index)
Understanding Short-Term Signals
Market Direction Portfolio Trades (Members)
Market Direction External Links
Market Direction IWM ETF Russell 2000 Fund Info
Market Direction SPY ETF 500 Fund Info