This blog is about the stock markets and it will focus on the Exchange Traded Fund (ETF). My strategy is to track the S&P 500 index trends as the main indicator and position each ETF that I am following depends on its trend, relative strength, and momentum. The holding period of a particular ETF can be days, weeks or months as long as the trading pattern holds.
I created the virtual portfolio yesterday called "Ocean Portfolio" in KaChing.com and initiated a buy "Long" order on 8 ETFs at the market open on Nov 9 using about 50% of the available "virtual" balance given by KaChing.
The S&P 500 has been trending up since late March this year and I believe it will continue to move up in the near term. So I hope these long positions can be hold for a little while.
Ocean
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