I use UDOW when I'm bullish on the DJIA, which I am.
Yes, a leveraged product which inherits more RISK.
This is not investment advise.
A picture perfect ascending channel has formed.
Start trimming positions at UDOW 104/share.
No need to short, trust start trimming.
BUY back more UDOW at bottom of blue channel,
likely around 84, at orange line...
Loaded up on UDOW at close on Friday. ETF was down due to trade war worries. The technicals were solid util speculation took over and set the etf price plummeting. With Trade war worries easing up, this should play catch up, especially if price breaks the resistance line. Earning season again next month. And a quote from Warren Buffett, "Buy when people are...
UDOW has formed a nice wedge. Economy is still strong. It will go up. As you all can see, there are a bunch of yellow aggressive entries here. If price breaks the green bands, price will also break the trend and price should hopefully take off upwards. This should also result in a blue conservative entry candle.
The market has been tanking lately, but the price is a bargain. Looking at UDOW which is a 3 X leveraged ETF of the Dow Jones, It is showing signs of oversold. The RSI is below 30, Price is riding the lower Bollinger Band and has even dropped below the band into oversold territory. The Market seems to be strong with positive earnings but buyers are gone. Price is...
Luego de la fuerte caída en el petroleo en el mes de Febrero se abrió una buena oportunidad de invertir en largo en este ETF hasta el mes de Abril donde entro en una tendencia lateral que se mantuvo hasta finales de junio donde se realizo una entrega de dividendo generando un rompimiento en dicha tendencia