Yes, let’s do the Limbo!
Looking at the charts, DIA is foundering, with the 9SMA line below the 30EMA and price just above the 30 EMA. Hence the Limbo.
The S&P 500 and Nasdaq look similar. The Russell 2000 looks to be in worse shape, with price below the 30EMA line.
The index I watch, as I trade TNA and TZA is the Russell 2000. It’s in its 12th day of this decline.
The two mutual funds I use are PSVIX (Smallcap Value) and ODVYX (Emerging Markets). To gauge their performance I use the Russell 2000 for PSVIX and EDC (Direxion Emerging Markets 3XETF) for ODVYX. EDC has been in a slow bleed type of decline since March 5, marking its 33rd day in a down trend.
When will I get back in? Whenever either 30EMA line perks upwards and price is back above it, that’s when.
Direxion Emerging Markets Bull 3X