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
Labels:

Comments

Post a Comment

Popular posts from this blog

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 #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...
6 comments
Read more

Pick 'o the Month - a two'fer

Usually I focus on a single smaller, more obscure stock. In this case, I would like to submit two stocks, a large-cap, Cisco Systems ( CSCO ), and a small-cap, Big Band Networks ( BBND ). These two stocks embody a resurgence in the network infrastructure space. That theme is what ties these two picks together. With the rising tide of video, music and movies downloaded over the Internet and cable companies offering bundled TV, phone and Internet, we have finally absorbed the glut of network capacity created during the Internet bubble. This deluge of multimedia is changing service providers’ business models, and the ways they manage and develop networks. The focus now is on how to move, manage and monetize content that is richer and more complex than ever before. In response, as telecommunications companies ramp up newer, faster networks to handle all this traffic, Cisco Systems is a prime beneficiary. As the dominant player in network infrastructure, it has already seen profits begin to...
1 comment
Read more