Monday, October 20, 2008

Bottoming Process?

Smooth bottoming process or secondary trend move up before the next leg down. Either way, it looks like the market wants to head up.

Be careful playing the long side! Here are a few ultra long ETFs for your consideration.

DIG - for the oversold energy stocks

QLD - for the 'resistant' technology stocks

URE - because real estate is bottoming (not really)

UWM - small caps are still crazy outperforming the big caps

UYG - because financials are now backed by the government, this one was very weak today

UYM - china is still growing and these stocks are crazy oversold