The Dow Jones Industrial Average rose 188 points in today's trading, retaking the 9000 level for the first time since January. The Dow closed today at 9069.29, a gain for the Big Board of almost 923 points since July 10, when it closed at 8146.52. That's a gain of 11.3% in nine trading sessions.
The QLD closed today at $44.42, up 26.5% from July 10. The DDM is up 23.8%, closing at $32.92. We recommend these double-beta ETFs for trading the market.
As Steve put it in this morning's commentary, "ride the bull for as long as possible by keeping stops underneath the rising 5 day moving average for short term trades, and an 8 or 10 day average for intermediate trend positions."
