RUM Wave Analytics has moved to a SECURE PROFITS signal with a 5 day forecast of NEUTRAL.
While a change in trend to the downside has not been confirmed, our indicators are showing a short term top could be approaching in the near future. If one was to follow our trading strategy and purchased a triple leveraged ETF (such as UDOW) on the day following our last BUY signal they would be enjoying a little more than a 5% gain in 10 days. Investors that are content with that return should consider securing those profits at this time. More aggressive investors could remain in the market a while longer until a SELL signal is generated but will run additional risk of a sudden market downturn.