Following up on this post, showing how selection of vehicle from 4/20 area buys has made a huge difference in returns.
China tech KWEB leading with over 10% gain from 4/20 open.
SMH & EEM also healthy gains above 5%.
QQQ well above other USA mains at 4.5%.
INDA still doing OK at 3.5%, also above other USA mains.
But relative losers were:
XLF, only 1% compared to SPY 1.5%
IWM, about flat.
XLE, a true negative, down -1%.
So portfolio would have had a huge boost catching the winners here - right idea, wrong execution. What would have been better?
KWEB already had big run up but actually was above all pivots on the 4/18 low - and has turned out the relative winner. Right idea, did enter one, but more much better.
QQQ well above Q2P, only slight break of MayP and back above all pivots as of 4/20.
EEM well above Q2P, only 1 day break of AprP and recovery 4/20.
SMH broke Q2P slightly, recovered all pivots on 4/20.
INDA above all pivots from 1/24, with just very slight fractional break of 5/8.
SPY and IWM also reclaimed all pivots 4/20 (IWM) and 4/24 (SPY), but haven't done much since.
Weekly chart MAs would have settled it -
KWEB & EEM held weekly 10MAs
QQQ slight break and fast recovery of weekly 10MA
SMH near test of sharply rising weekly 20
SPY also near test of rising 20MA
IWM and XLF had already broken weekly 20MAs, and were down near lower weekly BBs
Anyway main point is that I should have gone with charts that had stronger weekly chart structure instead of thinking Trump trade may return. That was opinion and not really in other charts despite the pivot status of IWM on 4/20.