Market Long and Short ETF's

As I mentioned, I'm looking for a change of trend in the market and today has been a little spooky. So I put together two lists for you. I ran 3 different scans using my 3C indicators (3 differently constructed versions for better confirmation. The first spreadsheet are ETF's showing significant 3C distribution and are likely to lead the market to the downside. Remember, everything on this list is at some point, a potential short; so pay close attention to whether it is a Ultra or Ultra short. For example DDM is the double-long version of the Dow and I consider this ETF a short (some you will not be able to short and will have to look for an inverse ETF or stocks in that sector-TeleChart provides you with the components of all ETFs). There are no inverse ETF's on this list, but for example, had an Ultra-Short ETF of the Dow be on this short list, it would mean that the Dow is a buy since the ETF would be a short and this list would have you short that ETF. A little convoluted, I know, but I want to show you what areas of the economy are under distribution and which are under accumulation.

None of these currently are to be taken as the trading list for tomorrow, although you may seem some that you do like immediately. This is simply a "get ready" list. To see the current list just click the link to current list and it will be brought up for you. Don't forget to check past lists. We made a quick 60% today alone in 30 minutes on PEIX, but it has since headed significantly higher.

    Short List

TICKER	ETF NAME	LAST CLOSE	LAST VOLUME
AAXJ	iShares MSCI All Country Asia ex Japan Index	57.71	1291
AGQ	Proshares Ultra Silver	67.32	2867
BGU	Direxion Large Cap Bull 3x Shares	57.13	33070
BWX	SPDR Lehman International Treasury Bond Fund ETF	57.16	1938
DDM	ProShares Ultra Dow30 ETF	45.53	17058
DIA	DIAMONDS Trust Series ETF	106.11	49119
DJP	iPath Dow Jones-AIG Commodity Index Total Return ETN	43.28	3162
EDC	Direxion Daily Emerging Markets Bull 3x Shares	151.2	5983
EEM	iShares MSCI Emerging Markets Index Fund ETF	43.2	411203
ERX	Direxion Energy Bull 3x Shares	46.22	18305
EWG	iShares MSCI Germany Index Fund ETF	22.8	5236
EWM	iShares MSCI Malaysia Index Fund ETF	11.1	13992
EWQ	iShares MSCI France Index Fund ETF	27.09	1553
EWW	iShares MSCI Mexico Index Fund ETF	51.34	11993
FAS	Direxion Financial Bull 3x Shares	84.99	167390
FXA	Rydex CurrencyShares Australian Dollar Trust ETF	92.48	1229
IAT	iShares Dow Jones US Regional Banks Index Fund ETF	22.39	2130
IHF	iShares Dow Jones US Health Care Providers Index Fund ETF	50.74	1526
ILF	iShares S&P Latin America 40 Index Fund ETF	49.82	13536
IWM	iShares Russell 2000 Index Fund ETF	64.52	488117
IWR	iShares Russell MidCap Index Fund ETF	85.25	5811
IYE	iShares Dow Jones US Energy Sector Index Fund ETF	35.03	2008
IYG	iShares Dow Jones US Financial Services Index Fund ETF	57.04	3227
IYR	iShares Dow Jones US Real Estate Index Fund ETF	46	106295
IYW	iShares Dow Jones US Technology Sector Index Fund ETF	58.21	5936
MDY	SPDRs S&P Midcap Trust Series ETF	136.51	12353
PGJ	PowerShares Golden Dragon Halter USX China Portfolio ETF	25.72	1287
PHD	Pioneer Floating Rate Trust	11.75	988
PIN	PowerShares India Portfolio ETF	22.98	2627
QLD	ProShares Ultra QQQ	61.43	50387
QQQQ	PowerShares QQQTrust Ser 1	46.55	888701
SMH	HOLDRS Semiconductor ETF	28.52	208796
SPY	SPDRs S&P 500 Trust Series ETF	114.57	1263692
SSO	ProShares Ultra S&P 500	40.37	102506
UPRO	ProShares UltraPro S&P500	163.6	12414
URE	ProShares Ultra Real Estate ETF	6.91	104023
USD	ProShares Ultra Semiconductors ETF	34.54	2945
UWM	ProShares Ultra Russell 2000 ETF	30.3	21737
UYG	ProShares Ultra Financials	6.15	141654
UYM	ProShares Ultra Basic Materials	37	25819
VBR	Vanguard Small Cap Value ETF	56.24	1784
XLF	SPDRs Select Sector Financial ETF	15.22	908750
XLY	SPDRs Select Sector Consumer Discretionary ETF	30.39	64380
XME	SPDR S&P Metals & Mining ETF	58.73	39158
XRT	SPDR S&P Retail ETF	36.52	112515

Again, the ETFs below are ones I consider to be a "buy" whether they are Ultra-short or long. You will see some repeats such as short the Dow above and buy the Ultra-short Dow below; this is just further confirmation of what we are seeing in the markets. I'll update the lists further tonight, but obviously this is a time for a little caution on the long side of the market.

Long List

TICKER	ETF NAME	LAST CLOSE	LAST VOLUME
BGZ	Direxion Large Cap Bear 3x	15.67	39900
DOG	ProShares Short Trust Dow30	51.34	1451
DRV	Direxion Daily Real Estate Bear 3X Shares	12.93	17218
DUG	ProShares UltraShort Oil & Gas	11.42	25216
DXD	ProShares UltraShort Dow 30	28.31	24558
EDZ	Direxion Daily Emerging Markets Bear 3x	4.39	20360
EEV	Ultrashort Msci Emerg Mrkt	9.99	7951
ERY	Direxion Energy Bear 3x Shares	9.63	14088
EUO	ProShares UltraShort Euro	18.49	5104
FAZ	Direxion Financial Bear 3x Shares	16.81	415538
FXP	ProShares UltraShort FTSE/Xinhua China 25 ETF	7.7	34483
PSQ	ProShares Short QQQ ETF	42.9	3287
QID	ProShares UltraShort QQQ	18.38	137251
REW	ProShares UltraShort Technology	21.87	1185
RWM	ProShares Short Russell2000	42.75	1563
SCO	ProShares UltraShort DJ-AIG Crude Oil	12.53	22058
SDS	ProShares UltraShort S&P500	33.14	196923
SEF	ProShares Short Financials	42.38	987
SH	ProShares Short S&P500 ETF	51.12	7810
SKF	ProShares UltraShort Financials	22.08	74010
SMN	ProShares Ultrashort Basic Material	7.35	15068
SPXU	ProShares UltraPro Short S&P500	33.4	16334
SRS	ProShares UltraShort Real Estate	7.48	139677
SSG	ProShares UltraShort Semiconductor	17.54	2763
TWM	ProShares UltraShort Russell2000	23.55	32978
TZA	Direxion Small Cap Bear 3x	8.85	190041
UNG	US Nat Gas FD ETF	10.41	279208
UUP	PowerShares DB US Dollar Index Bullish Fund	22.84	73740
YCS	ProShares UltraShort Yen	21.22	1571
ZSL	Proshares Ultrashort Silver	3.97	11065