ETF technology fund afternoon update: ROM

Picking up where we left off on the ProShares Ultra Technology Fund. The fund is trading robustly today, although the entire market breadth is very strong. The last sale of the fund as of 15:47 pm was 300 shares at $28.3499 with daily volume of 575,158 shares traded.

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What to Buy- Foreign vs Domestic funds?

Calm before the storm. At least that's what I've been reading. It seems that there is still not much buying. Much of the buying seems to be just shifting funds from one account to the next. It's called "churning" in broker turns. So, I wanted to see if anyone was buying, you know, new money. I clicked on over the Investment Company Institute website to see if they could shed some light on this matter. Based on their recent reports, "Estimated inflows to long-term mutual funds were $ 12.48 billion for the week ended Wednesday, June 10, 2009 ", versus $ 13.646 billion for the week of June 3. At least it wasn't negative. There is buying. As a matter of fact, buying has almost doubled compared to inflow numbers reported in May. I also noticed that Equity Foreign Funds had a larger percentage increase than other categories while Taxable Bond Funds had a noticeable percentage decrease in inflows as compared to the previous periods. Interesting. Are in...

The Old Reality is Still the New Reality

The Old Reality is Still the New Reality Dodd Frank Illustration I sat at my desk last week wondering what went wrong. Was I experiencing some type of trading depression? I checked my models, macro numbers, company profits, software, pricing etc. Some of my option contracts were either worthless or were on their way to being worthless. The pricing of the contracts were not in-line with the actual underlying price of the securities that I was trading. The options' pricing per contract were either priced 40% or more above what the underlying security was worth or priced 40% or more below what the securities were worth. This old reality was still the new reality even after all of financial fixes implemented to fix these same problems that contributed to the financial meltdown in 2007-2008. The new Dodd-Frank Wall Street Reform and ConsumerProtection Act which was supposed to clean up many of the abuses in the financial system such as accountabi...

ETF update: Choppy trading

ProShares Ultra Technology Fund update: Trading still very choppy. No clear signals or direction are developing today yet. There is lots of economic data to digest or ponder such as the University of Michigan Surveys of Consumers Sentiment. Trading volume in the fund has been very heavy at roughly over 179,000 shares as of 11:27 am today. Of note, the fund had only traded 193,000 shares almost all day yesterday. 05/29/09 11:28:23 AM

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