4/28/09
Key Day for Support Test
Banks under pressure on Gov't leaks about banks req new capital raises XLF 10.30 -4% at support premarket. USO -2% at same support that held Monday 27.50. SPX PM is -1.3% around 847 (SPY) and if opens here is near lower trend line (845) that must hold to stay bullish (or the topping process begins). IYR PM is above 30 support but broke the trend line Monday. SPX wedge trade for TZA is working PM. Like I said before maybe we get a rolling over top, but I think there will be a spike or Bull trap to finish this excellent rally off. we'll see how she trades today. $XAL is getting wacked on the Flu news and individual issues could be tradeables on more weakness.
4/27/09
Technical Indicators Scream Caution A huge array of charts I am following are signaling caution. Let's take a look at various Bullish Percent charts
Technical Indicators Scream Caution A huge array of charts I am following are signaling caution. Let's take a look at various Bullish Percent charts from MISH'S
Global Economic
Trend Analysis
Global Economic
Trend Analysis
ProShares Files For 3X Leverage On 94 New ETFs
ProShares Files For 3X Leverage On 94 New ETFs
Written by Murray Coleman
Wednesday, 22 April 2009 11:02
Despite warnings that speed can kill, another leading alternative exchange-traded funds sponsor is preparing to jump into the super-leveraged exchange-traded funds race.
ProShares is requesting that the Securities and Exchange Commission allow it to provide up to 300% leverage and 300% inverse exposure to 37 different indexes.
Although it's seeking so-called 3x approval for a list of some 94 new ETFs, it's highly unlikely the leading leveraged and inverse provider will launch all in the near future.
But even if only a handful on the new list are brought to market, the filing opens the door for ProShares to at least enter the most juiced-up leverage game in ETFs at the moment.
And that has proved to be quite a lucrative undertaking for the lone sponsor to make the leap from 200% coverage—the previous high among leveraged ETFs.
Rival Direxion upped the ante late last year by becoming the first to offer ETFs that aim at taking 300% leverage and inverse positions. (See story here.)
Written by Murray Coleman
Wednesday, 22 April 2009 11:02
Despite warnings that speed can kill, another leading alternative exchange-traded funds sponsor is preparing to jump into the super-leveraged exchange-traded funds race.
ProShares is requesting that the Securities and Exchange Commission allow it to provide up to 300% leverage and 300% inverse exposure to 37 different indexes.
Although it's seeking so-called 3x approval for a list of some 94 new ETFs, it's highly unlikely the leading leveraged and inverse provider will launch all in the near future.
But even if only a handful on the new list are brought to market, the filing opens the door for ProShares to at least enter the most juiced-up leverage game in ETFs at the moment.
And that has proved to be quite a lucrative undertaking for the lone sponsor to make the leap from 200% coverage—the previous high among leveraged ETFs.
Rival Direxion upped the ante late last year by becoming the first to offer ETFs that aim at taking 300% leverage and inverse positions. (See story here.)
4/24/09
I am thinking we will have a top in place next week or so 950 max based on the weekly RSI...Be careful when it turns
2002 - 2003 bottom is a good reference for the top not the bottom (yet). 950 max on price as the RSI could peak around 55 or 60. We were basically unchanged on the week.
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