The price trending of the major markets has been very strong over the last 3 weeks with the S&P 500 reaching it’s all time high yesterday. And this is breaking the previous all time high reached early September.
The YTD chart shows the price going from bottom left to top right with very little bumps along the way. That is how strong the market has been.
The Dow Jones also hit it’s all time high yesterday. The NASDAQ is still not there but close enough.
I am currently positioned to capture this bull run using leveraged instruments.
SPXL is the 3x leverage of S&P 500 by Direxion and moves in tandem with S&P 500.
TQQQ is the 3x leverage of NASDAQ100 by ProShares and moves in tandem with the QQQ.
TNA is the 3x leverage of Small Cap by Direxion and moves in sync with the IWM.
FNGU is the 3x leverage of the FAANG + stocks by BMO MicroSectors. I have done a deep dive on FNGU earlier this week.
All 4 of these are trending well and I will hold them until the trend reverses.