Investing With IBD Ep. 339 Use These Critical Gauges For When The Market Changes
Sep 24, 2025
Jack Kosar, vice president of investment strategy at Asbury Research, dives into the nuances of market indicators. He discusses how newer quantitative tools enhance traditional market intuition and provides insights on using leveraged ETFs to gauge risk appetite. Jack explains the significance of VXX over VIX for short-term market reactions and highlights how stacked indicators can reduce false signals. He also examines the recent strength of gold as a hedge amid tech highs and offers updates on Asbury's tactical model portfolios.
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Leveraged ETF Flows Show Risk Appetite
- Comparing assets like QLD vs QQQ reveals investor risk appetite via leveraged ETF flows.
- Use a 21-day moving average as a tactical gauge to spot shifts in leverage preference.
Use A 21-Day Tactical Timeline
- Use a 21-day moving average as a tactical timeline to see short-term negotiation of risk assets.
- Treat the 21-day cross as a signal but combine it with other indicators before acting.
Margin Debt Alone Is Less Reliable
- Leveraged ETFs on single stocks and indexes make margin debt less informative as a lone gauge.
- Track ETF flows across major names to capture modern leverage behavior.