Skip to main content

Weekly ProShares Review -- foreign stocks grab investor interest

Some interesting things going on with ProShares ETFs this past week.

Every now and then for the last few weeks I have been presenting a list of the ProShares ETFs that have exhibited the strongest performance over the course of the last week or have registered the biggest increase in volume.  Since these ETFs are primarily short-term trading vehicles and, as such, can be viewed as indicators of short-term sentiment, looking at the leaders among them can paint a picture of those areas of the market in which short-term investors are currently most interested.

Looking back over the course of the previous week, the five ETFs with the biggest gains were:

Symbol Fund Name Group Objective Percent Change - Price Percent Change -  Avg Volume
EFO Ultra MSCI EAFE Ultra 200% of the underlying 12.7% 176.8%
EET Ultra MSCI Emerging Markets Ultra 200% of the underlying 11.5% 16.1%
XPP Ultra FTSE/Xinhua China 25 Ultra 200% of the underlying 10.9% 22.4%
UPRO UltraPro S&P500 Ultra 300% of the underlying 10.2% -44.5%
UKF Ultra Russell1000 Growth Ultra 200% of the underlying 10.0% 15.4%

The two ETFs with the biggest increase in volume (other than EFO) were:

Symbol Fund Name Group Objective Percent Change - Price Percent Change - Avg Volume
JPX UltraShort MSCI Pacific ex-Japan Short 200% of the Inverse -10.3% 310.9%
YCL Ultra Yen Ultra 200% of the underlying -1.4% 107.8%

Interestingly, the volume for all the other ProShares ETFs declined or was barely up at all.

Conclusion --

The overriding theme this week seems to be that, after suffering serious declines (China sinking to bear market lows, for example), foreign stocks are back in favor. Surprisingly, that includes European stocks which make make up a large part of the EAFE index which was our top performer. The biggest volume play was to bail out of the UltraShort MSCI Pacific ex-Japan ETF.

U.S. markets rallied last week but short-term traders seem more interested in foreign stocks. Is this a vote of confidence for improvement in the global economy? At least this week, the double dip seems like a figment of the perma-bear imagination.

Comments

Anonymous said…
EEM shows some stength.since we have been helping create job over there

Popular posts from this blog

Running TradeRadar on Windows 7 and Windows 8

Development of the original TradeRadar Stock Inspector software was begun back in the days before Windows 7 and Windows 8 were available.

As these newer versions of Windows have become more popular, we have heard from some users that they are having problems installing and running TradeRadar on their newer PCs.

The good news is that TradeRadar will work just fine on Windows 7 and Windows 8. All you have to do is adjust the Windows Compatibility Settings to ensure TradeRadar runs as intended.

It is recommended that you can apply Compatibility Settings when running the initial installation; however, it is also possible to apply Compatibility Settings after the program has been installed.

Prior to installation
After downloading the install program, go to the folder where you have stored the TradeRadarStkInsp_7_Setup.exe or TradeRadarStkInsp_7_PRO_Setup.exe executable. Right-click on the executable file and select Properties. Click the Compatibility tab. Adjust the Compatibility mode to …

Durable Goods report for Sept just so-so but Computer segment is on fire

The Durable Goods advanced report for September 2011 was released on Wednesday.

I like to dig into the Durable Goods report because it can be useful for seeing how tech in aggregate is performing and how the sector may perform in the future. I always focus on two particular measures: shipments and new orders. Let's see how it played out last month.

Shipments -- 

I generally give less importance to Shipments since this is a backward looking measure reflecting orders that have been confirmed, manufactured and shipped. It's similar to earnings reports -- it's good to know but the data is in the past and we're more interested in the future. The following chart shows how September shipments looked for the overall tech sector:


Results for the overall tech sector were a bit weak but take a look at the next chart which tracks the Computers and related products segment:


Results here were actually quite good and, to make things even better, the previous month was revised upward.

N…

Alert HQ has moved!

End of an era!

This site was started way back in 2006/2007 to showcase my blog posts and the Alert HQ buy signals and sell signals. Alert HQ grew to include other kinds of stock alerts including Swing Signals, Trend Busters, Trend Leaders, Cash Flow Kings and more.

In the meantime, I built a sister site, TradingStockAlerts.com and I started using some of the same Alert HQ content over there. As a result, I am discontinuing the Alert HQ data here at Trade-Radar.com

The good news, however, is that all the Alert HQ signals and stock screens are still completely free. In addition, the pages have been enhanced so that you can hover over a stock symbol and a small chart will pop up so you can get a quick look at the stock's recent price action. If you click on a symbol it will take you to a page with plenty of financial and technical analysis information (still free!) as well as a larger chart that you can play with in terms of adding or deleting indicators, moving averages, etc.

Click …