And that finger is trying to figure out the prevailing winds. Take a look at the most recent post at Trade-Guild.net tonight. I'm going to let the lists I have published already stand for tonight because there are still some great charts/ideas there-it's market cooperation that is needed and I'm not sure we are going to get it. As I've been saying, tighten up, book some profits if you have them, don't swing for the fences and use sound risk management, we may be on the verge of a serious correction.
Take a look at the ETFs posted today, those went through 3 different scans and had to pass all of them-out of many hundreds. They give you a feel for the market and where we might be looking next.
In the portfolio I am managing, we took a decent position today in FAZ, it may be early, but we're getting our toes wet. Other market short positions we are holding (for the longer term) include: EDZ, SKF, SCC and SSG.
If I see anything really interesting I'll update the site so check back as I do intraday updates when needed. If you have questions, email me. ASTM and MATK are an example of two stocks on the lists that are looking interesting, but honor those stops and you'll be around to cash out the double bagger.
Monday, January 11, 2010
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.
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 |
