Oluwatosin Israel Tokode @oluisrel: "///This Week With the $SPY at..."

United Kingdom

///This Week With the $SPY (State Street SPDR S&P 500 ETF) at new highs, there has been a lot of chatter about a possible correction. There is some merit to that argument, lots of analysis points to an overbought market but overbought conditions can persist for very long. Semiconductor stocks and $QQQ (Invesco QQQ) have yet to make a swing high, not an all time high so one can easily make the case for more room to the upside //Trading System Since I switched to a modular system, upgrading has become easier. The system moves to version 6.1F next week; CAGR, Net Profit and MAR were the major improvements. Modularity allows for upgrading each subsystem without making changes to the entire system. I changed the names of the strategies to be more meaningful but they are the same strategies. Semiconductors now has three strategies after I added a third based yin the choppiness index /Trading Strategies The $UVXY (ProShares Ultra VIX Short-Term Futures ETF) position was the best performing position at one time but it now seems to be stalling, it has given back a lot of the gains it made. Usually the Vix makes a new low before the indices make a high but that has not happened this time around. Semiconductor $SOXL (Direxion Daily Semiconductor Bull 3X ETF) position is doing very well, because of the update to the strategy, I'll have to close the position and place a limit order for the new setup that is currently active. Financials $FAS (Direxion Daily Financial Bull 3X ETF) have not been doing well lately, I suspect that might change very soon .