What Is the Difference Between Bull Checklist and Bear Checklist?
The Bull Checklist shows conditions that favor bullish (upward) trades in the Long ETF. The Bear Checklist shows conditions that favor bearish (downward) trades in the Short ETF. Each checklist evaluates specific criteria based on moving averages, and the number of passing conditions determines how many tranches you can add.
1How It Works
- •Bull Checklist checks if price is above the 21-day SMA and 50-day SMA.
- •Bear Checklist checks if price is below the 21-day SMA and 50-day SMA.
- •Each condition shows PASS (✓) if met, FAIL (✗) if not met.
- •The active checklist depends on the current bias (bullish uses Bull Checklist, bearish uses Bear Checklist).
- •More passing conditions = higher Eligible Adds Today.
- •RSI is shown for informational context with an INFO label, not as a pass/fail condition.
2Example
Reading the Bull Checklist
Bull Checklist (during uptrend):
✓ PASS: Price > 21-day SMA
→ QQQ ($382) is above 21-SMA ($378)
✓ PASS: Price > 50-day SMA
→ QQQ ($382) is above 50-SMA ($370)
ℹ INFO: Momentum - Strong
→ RSI(14) is 62, indicating healthy momentum
→ This is informational only, doesn't affect eligibility
Result: 2 of 2 conditions pass → Eligible Adds: 2
Bias: BULLISH, suggested ETF: TQQQ
3Common Questions
Why is RSI marked INFO instead of PASS/FAIL?
RSI is consideration-only information. It shows momentum context (Strong, Neutral, or Weak) but doesn't gate your eligibility. You might see "Momentum: Weak (Caution)" as a heads-up, but it won't reduce your Eligible Adds.
Can both checklists show passes at the same time?
Generally no. If price is above both SMAs, Bull conditions pass while Bear conditions fail (and vice versa). During neutral, both may show mixed results.
How do I know which checklist to follow?
Follow the checklist matching your bias. Bullish bias = Bull Checklist. Bearish bias = Bear Checklist. The system highlights the active one.
What does it mean when only 1 of 2 conditions passes?
It means trend strength is moderate. You might see Eligible Adds of 1, suggesting cautious positioning rather than aggressive adding.
Technical Notes
- —Checklists use 21-day and 50-day Simple Moving Averages (SMA).
- —RSI(14) is displayed with a descriptive label but has no impact on eligibility calculations.
- —Signals are generated after market close using end-of-day prices.