QID Trade Signal

The CMI gave the green light to go ahead and buy the QID at tomorrow's open. The QID trades this year have not been too kind but the tide is bound to turn eventually. Interestingly enough the CMI 2.0 (currently under construction) is not committing to any trade just yet. The 2.0 only trades half as much as the CMI so this is no real surprise.

It would have been nice to ride the QID down over the last four or seven days but stronger confirmation is required for the 2.0. This prevents getting stuck in a trade due to a false breakout to either side. A QLD trade is more probable next week if following the CMI 2.0. This should be a good head to head test of both methods.

I will continue to post only signals from the CMI for now until 2.0 is ready to go.