Zacks highlights commentary from People and Picks Member «MightyMo».

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How I Make Money on a Big Market Down Day


I have done a number of ‘price only’ market studies. These studies tend to show market tendencies, some which provide a good ‘reward/risk’ ratio. Some I have implemented. This year one I implemented is buying the Dow index at the close (actually at near the close) when the DOW has a day where the index drops by 100 or more points. I buy using a non-commissioned ETF via my broker. For the purpose of the numbers below however, I will use ProShares Ultra Dow 30 ETF (DDM), which is available to everybody.

So far this year, the DOW has close down over 100 points  nine times.

Today could be the tenth. My gain for the year with this method has been better than 12% actual, non-annualized (based on the close of May 3).

 I have spend $9000 and have 153.12 shares. The $9000 is now worth 10.208 which provides a 12.8% gain. If the DOW closes down over 100 points today, I will purchase another $1000.00 worth of the ETF. Of course, one needs to have a overall bullish outlook for this strategy to work.


DDM Date purch /share price / Quantity

 28 Jan   56.84 17.59324419

23 Feb   60.45 16.54259719

24 Feb   59.8 16.72240803

1 Mar     59.35 16.84919966

10 Mar   58.66 17.04739175

15 Mar   57.37 17.43071292

16 Mar   55.05 18.16530427

12 Apr   61.34 16.30257581

18 Apr   60.7 16.47446458

cost  $9000  shares 153.1278984

 ddm shr price 66.86


value $10238.

yield 12.09%

The most recent picks by «MightyMo» are:
A buy rating on Cognizant Technologies (CTSH)
a buy rating on (BIDU) and
a buy rating on Deckers Outdoor (DECK).

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