Trading Leverage ETF

I find it difficult to trade options now. The stocks are just moving up slowly. This is a disadvantage because of the time factor for options. That is why I have decided to play leveraged ETFs such as the Direxion 3xs. This way, I still have the leverage but without time constraint.

I guess that options are more suitable for a bear market than a bull market.

Weekly Summary

A week weak for stocks. How much will it correct? Will this turn into a more serious selldown?

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral (-)
DJI	Up	Up	Neutral (-)
NasdaqComp	Up	Up	Neutral (-)
DJ Transport	Up	Up	Neutral (-)
DJ Utility	Up	Up	Neutral (-)
Russell 2000	Up	Up	Neutral (-)
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up	Neutral (-)
AMEX Gold Bugs	Up	Up	Neutral (-)
AMEX Natural Gas	Up	Up	Neutral (-)
AMEX Oil	Up	Up	Neutral (-)
AMEX Security Broker	Up	Up	Neutral (-)
AMEX Telco	Up	Up	Neutral (-)
KBW Bank	Up	Up	Neutral (-)
KBW Insurance	Up	Up	Neutral (-)
PHLX Housing	Up	Up	Neutral (-)
PHLX Semiconductor	Up	Up	Neutral (-)
S&P Retail	Up	Up	Neutral (-)

Weekly Summary

S&P 500 Weekly Chart

It seems that S&P 500 has broken out of it's channel. It is going to test the downtrend line where the resistance currently is at 1120. The other sectors all are very bullish indeed.

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up
DJI	Up	Up	Up
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Up
DJ Utility	Up	Up	Up (+)
Russell 2000	Up	Up	Up
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up	Up
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Up	Up
AMEX Oil	Up	Up	Up
AMEX Security Broker	Up	Up	Up
AMEX Telco	Up	Up	Up
KBW Bank	Up	Up	Up
KBW Insurance	Up	Up	Up
PHLX Housing	Up	Up	Up
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Up

Weekly Summary

DJI Weekly Chart

DJI continues to go up. 10,000 is within reach.

Nasdaq Composite Weekly Chart

Broken out of downtrend. Next resistance is 2180-2200.

AMEX Oil Index

May have broken out of range bound trading. Oil must stay high for investment to flow into this sector. Currently, new oil fields are found deep in the middle of the sea. This require huge investment (i.e. big oil rig, storage service, transport service).

The summary for the rest of the sectors:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up (+)
DJI	Up	Up	Up (+)
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Up
DJ Utility	Up	Up	Neutral
Russell 2000	Up	Up	Up (+)
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up	Up
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Up	Up (+)
AMEX Oil	Up	Up	Up
AMEX Security Broker	Up	Up	Up (+)
AMEX Telco	Up	Up	Up
KBW Bank	Up	Up	Up (+)
KBW Insurance	Up	Up	Up (+)
PHLX Housing	Up	Up	Up (+)
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Up

Weekly Summary

Every sectors still pointing up. Is this a sign of inflation?

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Neutral (-)
DJI	Up	Up	Neutral (-)
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Up
DJ Utility	Up (+)	Up	Neutral (-)
Russell 2000	Up	Up	Neutral (-)
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up	Up
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Up	Neutral
AMEX Oil	Up (+)	Up	Up
AMEX Security Broker	Up	Up	Neutral (-)
AMEX Telco	Up	Up	Up
KBW Bank	Up (+)	Up	Neutral (-)
KBW Insurance	Up	Up	Neutral (-)
PHLX Housing	Up	Up	Neutral (-)
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Up

Silver

Silver Weekly Chart

Silver is on the verge of breakout.

Silver ETF/ETN: SLV, SIVR, USV, DBS, AGQ (2x)

DXO

Sigh, my DXO is dead. Deutsche Bank is going to redeem it. When I first bought it, I fantasized of 400% gain. Now, my fantasy is gone. Time to look for another ETF/ETN.