QID IS LURKING NEAR ITS 200 DAY EMA

QID was helpful to me by helping to keep my portfolio from imploding.  I enjoy reverse ETFs since a trader can trade them in their retirement account and they move in the opposite direction as the major indices such as the QQQQ, DJIA, SPY, etc.  Since QID is near its 200 day EMA, a trader has a very important decision to make.  Do I take the QID side or do I take the QQQQ side?  i.e. do I think the market is going to drop or is it going to rise?  

I have been taking some real short trades and trying to garner only 5% profit moves.  I recently was successful on FSLR.  The reason I bought it was the MACD had crossed the Zero line near $215.  My purchase point was $216.77.  I hit my price target of $227 in three days of trading.  I'll take 5% in 3 days anytime.  

I had also been watching CPST.  On 2/25, CPST broke out of a cup-with-handle and I made an initial buy at $1.88.   I have patiently waited a month and I decided to buy more when the stock retraced back down to $1.82.  I have a nice profit so far and I intend to ride it a little longer and take my first profits at $2.30 then wait for a further exit.

Watch FXC very closely as it is sitting on its 200 day EMA for the past 4 days.  I believe it will be a buying opportunity, but there is currently a fight between the falling USD and falling commodity prices.  Commodity prices and the CAD are best followed by comparing them to the $CRX (type that into the symbol section at www.stockcharts.com to see the chart.)  So if you look at both the FXC and the $CRX, you will see that both have bounced off the 200 day EMA recently.  Let's see if it holds.

Good luck trading.

JD

QID IS HELPING ME OUT.

Thank heaven for reverse ETFs. If it weren't for QID, my account would be suckin'.

I do have to mention something, though. I have been keeping my eye on ENDP and I am going to buy in near $27. Call me crazy about buying something in a downtrending market. In my rules I have written to not do what I am doing, but my emotions may be clouding my better judgment.