Skip to main content

Investors bet against decoupling

Among the ProShares ETFs that are currently surging in price it is noteworthy that a large contingent include the short or ultra-short international ETFs.

The following is our list of strongest ProShares ETF performers as the close of trading on 7/2/08:

Symbol Signal Type Name Category 20-Day MA over 50-day MA DMI Aroon
DOG BUY Short Dow30 Short Market Cap Yes DMI: strong trend Up (ADX: 43 +DI: 39 -DI: 7) Strong Up trend - Up: 96 Down: 4 Osc: 92
DXD BUY UltraShort Dow30 Short Market Cap Yes DMI: strong trend Up (ADX: 42 +DI: 38 -DI: 7) Strong Up trend - Up: 96 Down: 4 Osc: 92
EEV BUY UltraShort MSCI Emerging Markets Short International Yes DMI: strong trend Up (ADX: 26 +DI: 36 -DI: 15) Strong Up trend - Up: 100 Down: 12 Osc: 88
EFU BUY UltraShort MSCI EAFE Short International Yes DMI: strong trend Up (ADX: 28 +DI: 38 -DI: 16) Strong Up trend - Up: 100 Down: 12 Osc: 88
EFZ BUY Short MSCI EAFE Short International Yes DMI: strong trend Up (ADX: 38 +DI: 55 -DI: 15) Strong Up trend - Up: 100 Down: 12 Osc: 88
EUM BUY Short MSCI Emerging Markets Short International Yes DMI: strong trend Up (ADX: 27 +DI: 44 -DI: 16) Strong Up trend - Up: 92 Down: 12 Osc: 80
EWV BUY UltraShort MSCI Japan Short International Yes DMI: strong trend Up (ADX: 25 +DI: 41 -DI: 19) Strong Up trend - Up: 100 Down: 28 Osc: 72
FXP BUY UltraShort FTSE/Xinhua China 25 Short International Yes DMI: strong trend Up (ADX: 22 +DI: 34 -DI: 16) Strong Up trend - Up: 100 Down: 16 Osc: 84
MYY BUY Short MidCap400 Short Market Cap Yes DMI: strong trend Up (ADX: 31 +DI: 41 -DI: 11) Strong Up trend - Up: 100 Down: 24 Osc: 76
MZZ BUY UltraShort MidCap400 Short Market Cap Yes DMI: strong trend Up (ADX: 29 +DI: 38 -DI: 10) Strong Up trend - Up: 100 Down: 24 Osc: 76
PSQ BUY Short QQQ Short Market Cap Yes DMI: strong trend Up (ADX: 23 +DI: 30 -DI: 15) Strong Up trend - Up: 96 Down: 24 Osc: 72
QID BUY UltraShort QQQ Short Market Cap Yes DMI: strong trend Up (ADX: 23 +DI: 29 -DI: 15) Strong Up trend - Up: 100 Down: 24 Osc: 76
SCC BUY UltraShort Consumer Services Short Sector Yes DMI: strong trend Up (ADX: 27 +DI: 34 -DI: 14) Strong Up trend - Up: 96 Down: 24 Osc: 72
SDK BUY UltraShort Russell MidCap Growth Short Style Yes DMI: strong trend Up (ADX: 25 +DI: 35 -DI: 15) Strong Up trend - Up: 100 Down: 56 Osc: 44
SDS BUY UltraShort S&P500 Short Market Cap Yes DMI: strong trend Up (ADX: 34 +DI: 34 -DI: 11) Strong Up trend - Up: 96 Down: 24 Osc: 72
SFK BUY UltraShort Russell1000 Growth Short Style Yes DMI: strong trend Up (ADX: 26 +DI: 30 -DI: 20) Strong Up trend - Up: 100 Down: 24 Osc: 76
SH BUY Short S&P500 Short Market Cap Yes DMI: strong trend Up (ADX: 34 +DI: 34 -DI: 11) Strong Up trend - Up: 96 Down: 4 Osc: 92
SIJ BUY UltraShort Industrials Short Sector Yes DMI: strong trend Up (ADX: 23 +DI: 37 -DI: 12) Strong Up trend - Up: 100 Down: 8 Osc: 92
SJF BUY UltraShort Russell1000 Value Short Style Yes DMI: strong trend Up (ADX: 34 +DI: 32 -DI: 18) Strong Up trend - Up: 96 Down: 4 Osc: 92
SJH BUY UltraShort Russell2000 Value Short Style Yes DMI: strong trend Up (ADX: 25 +DI: 35 -DI: 11) Strong Up trend - Up: 100 Down: 24 Osc: 76
SJL BUY UltraShort Russell MidCap Value Short Style Yes DMI: strong trend Up (ADX: 36 +DI: 47 -DI: 10) Strong Up trend - Up: 96 Down: 8 Osc: 88
SKF BUY UltraShort Financials Short Sector Yes DMI: strong trend Up (ADX: 43 +DI: 37 -DI: 12) Strong Up trend - Up: 96 Down: 8 Osc: 88
SRS BUY UltraShort Real Estate Short Sector Yes DMI: strong trend Up (ADX: 25 +DI: 31 -DI: 12) Strong Up trend - Up: 96 Down: 24 Osc: 72
SZK BUY UltraShort Consumer Goods Short Sector Yes DMI: strong trend Up (ADX: 33 +DI: 40 -DI: 13) Strong Up trend - Up: 96 Down: 12 Osc: 84
TLL BUY UltraShort Telecommunications Short Sector Yes DMI: strong trend Up (ADX: 45 +DI: 58 -DI: 27) Strong Up trend - Up: 100 Down: 12 Osc: 88
TWM BUY UltraShort Russell2000 Short Market Cap Yes DMI: strong trend Up (ADX: 25 +DI: 32 -DI: 9) Strong Up trend - Up: 100 Down: 24 Osc: 76

Once you get past the short and ultra-short DOW 30 ETFs, there is an uninterrupted group of short and ultra-short international ETFs running the gamut from emerging markets to Japan to China.

It was just a few months ago that pundits used the term "decoupling" to describe how foreign economies, especially in emerging market countries, would continue to grow despite a slow-down in the U.S.

It would appear that confidence in the concept of decoupling is on the wane. With investors bidding up the price of these inverse ETFs it seems that the expectations for emerging market and other international stocks are as dismal as the expectations for the U.S. stock market.
Labels:

Comments

Post a Comment

Popular posts from this blog

Brazil - in a bubble or on a roll?

A couple of years ago, no one recognized the real estate bubble even though it was under everyone's nose. Now, analysts and bloggers are seeing bubbles everywhere they look. One of them, they say is in Brazil whose Bovespa stock market index has doubled in the last 12 months. Does the bubble accusation hold water? I don't think so and here are 7 reasons why Brazil is by no means a bubble economy: Exports have held up over the past year thanks to demand from China for Brazil's soya exports and iron ore. This was helped by the the Brazilian government's drive to improve trade links with Asia and Africa. Export diversification, spurred by a more active trade policy and increased focus on "south-south" trade under current president Lula, helped mitigate the decline in demand from OECD (Organization for Economic Co-operation and Development) countries A "sensible" economic framework has been in place since the 1990's. This has included inflation
4 comments
Read more

Trade Radar gets another update

Some of our data sources changed again and it impacted our ability to load fundamental/financial data. In response, we are rolling out a new version of the software: 7.1.24 The data sourcing issues are fixed and some dead links in the Chart menu were removed. So whether you are a registered user or someone engaged in the free trial, head over to our update page and download the latest version. The update page is here:   https://tradingstockalerts.com/software/downloadpatch Contact us if you have questions or identify any new issues.
Post a Comment
Read more

Unlock Stock Market Profits - Key #1

This is the first in an ongoing series of articles where I discuss what I feel are keys to successful investing. It is based on a post that provides a summary of the ten keys that individual investors should use to identify profitable stock trades. ( Click here to read the original post ) There are two basic steps to investing. First, you need to find stocks that seem to have some potential. Then you have to determine whether these stocks are actually good investments. There are many stocks that at first glance look interesting, but further research reveals that there are too many negatives to warrant taking a position. This first post in the series starts at the beginning: getting good investment ideas. Key #1: If something special is happening to a stock, it will be reflected in some kind of unusual activity in the markets. As individual investors, we will never be the first to know; however, unusual activity can be an early sign that allows us to follow the Wall Street professional
2 comments
Read more