The QLD Struggle

Here's a quick snapshot of the cummulative gains and losses during the last 22 days of this QLD trade. It looks like 22 days of spinning your wheels in the swamp. The current 6% loss could be worse. We will see if the market propping will continue or if the market will show it's true identity. The fact that gold is at an all time high speaks volumes.

Another 'up' day would put the CMI in a position to possibly switch sides (QID) if the bottom falls out again, but is that where we want to be? Keeping the losses in the single digits would be a major victory.