In my post of October 24, I noted that the Baltic Dry index was in positive territory, which is usually indicative of a strong market.
As of now, the price of the not-quite correlated ETF BDRY has undergone an important crossover, the 20-day moving average over its 100-day moving average.
I take this as yet another a sign of a very strong market. When this happens, I as a trade buy SPY (S&P 500 ETF), or even its 2x leveraged version SSO.
Performance with SSO since 2019: CAGR 27.96%, maximum drawdown -9.41%.
Signals via Portfoliovisualizer here.
Not investment advice! Leverage is always very risky.
Very interesting article(s) on BDRY! Thanks for sharing!
Agreed that this market is shaping up well.