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No. of Recommendations: 3
Today, a long trade on BITO would have worked, because a long trade on the broad market would have worked, just as nearly anything would have worked, because "the market" was on a rip. But when a further indicator is added, RelStrComparative, with BITO in the primary panel and a broad market index such as SPY or RSP used as the benchmark, it can be seen that BITO is/was underperforming.

FinViz tracks 2,117 ETFs. Today, RSP returned 3.25% and ranked 428th. By contrast, WEBL returned 14.7% on decent volume. BULZ, SOXL, FNGU, FAS also traded on decent volume and offered fat returns. Putting together a trading universe isn't going to be as easy as I thought. My inclination had been to pick from a representative universe. But it might make better sense to pick just the funds that offer the most "juice" and whose charts are reasonably "orderly".

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It's going to be hot in Portland this weekend with temps almost tagging 100. This weekend is also the Family Boat Build for the club I belong to. 8 families will show up Sat morning, and we'll help them build a 12' wooden skiff. By about 3pm Sunday, the boats will be ready for a trial launch. https://photosriverswest.smugmug.com/Family-Boat-Build

This link is me rowing one of my prams. The graphic on the stern was done by a friend. But boat's design is my own.
https://photosriverswest.smugmug.com/On-the-water/Milwaukee-...

Here's another picture of that same boat displayed at the 2022 Portland Boat Show. The little skiff to the right is also a boat I designed and built. https://photosriverswest.smugmug.com/Portland-Boat-Show/2022...

Arindam
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