Time to Sell the QLD

The CMI is giving the signal to end the QLD trade so the sell signal will take place at tomorrow's open. The CMI has turned around and now is up over 29% for the year. If you can put up with several losing or flat trades, following the system seems to work out quite well.

As I had said in the previous post, the CMI will give you two or three large percentage gains in a year but you have to be willing to trust it. Two seven percent losses during the middle of the year did not do much for the confidence level. Not trusting the signals as you can see from my trading of the CMI signals has not been very profitable.

So for now, I'll sit on my favorite branch high above the swamp and wait for the signal to buy the QID...unless the market continues to favor the QLD side.