Skip to main content

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.
Labels:

Comments

Post a Comment

Popular posts from this blog

Morning Update

By Rick Walter Still working on putting together a strong biotech portfolio. Here is a good general article on the state of the biotech industry that was posted yesterday on the online Wall Street Journal's site- Biotech Stocks Hot Right Now, Ho-Hum in the Long Run.
Post a Comment
Read more

Portfolio Update

By Rick Walter I have posted a new Biotechnology portfolio . It's total return as of November 25, 2009 is 3.4%. However, to download and use it you will have to subscribe to the portfolio, of course. On an important note, I consider each portfolio to be well diversified in its particular sector but I've recently decided to add stock futures and options positions to each portfolio which will increase each portfolio's return but lower the risks going forward.
Post a Comment
Read more

New Podcast Series

By Rick Walter Hi everyone! Tune-in to our new financial commentary podcast(audio) series . The goal of our podcast is to help you cut through the clutter of web misinformation by focusing in on specific articles that can help you make timely decision on companies that you may own as investments. The ongoing series will also provide independent analysis on specific industries, and cover important topics that unfold daily with input from heads of local and regional companies that are private and publicly traded. Tune in daily at http://www.ucsinv1.podomatic.com/ .
Post a Comment
Read more