Skip to main content

ProShares ETF survey - which ones have the strongest technicals?

With the stock market seemingly melting up, I wanted to know which ProShares ETFs were generating the best technical signals.

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.

SymbolNameCategory
DDMUltra Dow30Ultra Market Cap
QLDUltra QQQUltra Market Cap
ROMUltra TechnologyUltra Sector
UGEUltra Consumer GoodsUltra Sector
ULEUltra EuroUltra Currency
UPWUltra UtilitiesUltra Sector
USDUltra SemiconductorsUltra 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

Comments

Popular posts from this blog

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 professionals and …

Unlock Stock Market Profits - Key #4

This is the fourth article in a series of posts describing 10 tools to help you identify and evaluate good investing ideas. 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)

With this fourth post, we will continue another step along the path of finding stocks that seem to have some potential. The first post in the series discussed how to use unusual activity to identify investing ideas. The second post described how to use stock screeners. The third post described how to use lists of new highs and new lows. This post will focus on identifying social or business trends in order to find investing ideas.

Information on new trends might turn up anywhere. In conversation with friends or business associates, in newspapers or magazines, on TV or though your work. The key is to be aware of trends and how they start, stop or change. We'll start by describing what to lo…

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…