Chart from TC 2000
Aug 18, 2021 by Tom Linzmeier, editor LivingOffTheMarket.com
The broad market is still looking weak.
The chart above is the inverse ETF, RWM.
The trend of RWM is hitting our buy signals, criteria below:
- Price above major moving averages
- Shorter-term moving averages crossing above longer moving averages
- MACD on a cross-over buy.
- Two of three accumulation/distribution indicators (CMF – TSV – OBV) above their trigger line.
Know what you are trading: https://www.proshares.com/funds/rwm.html
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* An account related to LOTM holds a position in this security.
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