No. of Recommendations: 4
And the strategy.
Trading Rules for Bull Strategy:
1. Start with $100,000.
1. In the US, invest in one of the following:
QQQ (1X)
QLD (2X)
TQQQ (3X)
2. In Canada, invest is one of the following:
XQQ (1X)
HQU (2X)
There are no triples in Canada
4. Buy when the weekly 2 EMA moves above the 5 EMA for each position.
5. Once a crossover has been determined, you then buy on the Monday open the next week.
6. Sell when the trailing stop is reached for QQQ/XQQ (5%), QLD/HQU (10%), and TQQQ (15%). In the event of a gap down over night which is lower than the trailing stop, sell at the open price.
7. An automatic sell on each position gets triggered once a trailing stop is reached. No buy back into the portfolio until the following week based on the strategy above (See 4 and 5).
8. Stay in cash until the 2 EMA moves back above the 5 EMA for each position on a weekly basis.
9. In all cases, all buys can only be made on a Monday or the day after a Monday holiday based on the results of the previous week.
10. No contras or shorts.
