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.

Symbol	Name	Category
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

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