Same signals as Friday, strong CO performance followed by consolidation OC.
We are starting to get about a year away from March Madness 2020. The current value of $1 invested buy and hold is shown along with the natural logs for EtfL (L = Leveraged) . LABU made $7,04 for every dollar invested on 3/31/20. .69 is doubling your money; if you double your money twice the natural log return will be .69 + .69 = 1.38. The median return of the seven bulls (and TQQQ) is 1.46. 1.46 is a little more than 1.38 and the cv$1 is 4.30.
Holding CO and going flat OC would have made more money.
An investor deciding to buy on 3/31/20 would have been ill advised to look at the previous 216 day period.
The 216 day timeframe is obviously too long to make trading decisions based on the numbers shown. Note how TQQQ and SOXL were the best performers in the earlier period but TNA and LABU are the best for the current one.
Anyway, decisions here are pretty easy, Stay long.