$SPY – A dreaded doji ends the swing

At week’s end (maybe should say at the end of this week’s two and a half trading days), SPY put on a candlestick doji to end the swing.

Nice week though with UPRO up 4.1%, TNA up 6.2% and TQQQ up 2.1%, the 3X-leveraged ETFs on the major indexes; among the sector 3Xers the big winner was ERX up north of 12 percent.

Have gone to cash on the doji but this remains a buy-the-dips time until further notice.

(right click the chart for a larger view)



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