The list below shows those ProShares ETFs that are exhibiting strong upward trends according to DMI and Aroon analysis and also have their 20-day moving average above their 50-day moving average.
|DDM||Ultra Dow30||Ultra Market Cap|
|QLD||Ultra QQQ||Ultra Market Cap|
|ROM||Ultra Technology||Ultra Sector|
|UGE||Ultra Consumer Goods||Ultra Sector|
|ULE||Ultra Euro||Ultra Currency|
|UPW||Ultra Utilities||Ultra Sector|
|USD||Ultra Semiconductors||Ultra Sector|
All of these are Ultra ETFs. In other words, they deliver 200% of the performance of their underlying index on a daily basis.
For those of you who are looking for a little extra juice in your portfolio, these 2X ETFs are a good source. Unfortunately, after the big run-ups they have seen in the last two weeks, it is hard to recommend them as a BUY today. On the other hand, these ETFs represent sectors or styles on which investors have particularly positive outlooks. On a pullback, these ETFs could be the ones to buy.
Disclosure: positions in ROM and USD