Fasten Your Seatbelt

I have been told that the 2x ETF's can be hard to stay in. No doubt that today proved that out. I have little doubt that even though the market could move higher in the very short term, the trend will soon be down. Hopefully, the CMI agrees with my observations and continues with the QID buy signal.

Several charts indicate lows of the day getting into previous lows with higher volume. This tends to indicate pressure to the downside. I'll trust the CMI and follow the signals. The CMI is like a roller coaster that can have lots of twists and turns but you always get back to where you started...more or less. I'll ride this one out.