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ETF Technology update:ROM

05/27/09 12:16:59 PM

ProShares Ultra Technology Fund update. Trading volume is not as strong as yesterday, with volume at 213,000 shares. The average daily volume on this technology etf is 425,000 shares. I do not believe that it is going to make it to that 670,000 shares volume level that we saw yesterday, although looking at the level II stock quotes showed buy orders ahead of sell orders by almost a 2 to 1 margin. If you want to purchase or buy this stock for a short-term trade, I suggest waiting for a buy entry price of $28.50 to $28.65.
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