UCS Before-the-bell update

Good morning traders, investors and wannabes. Everything is pointing to a great start. I think the market is going to open strong but gains are going to fade as the day goes on. There are too much negative events floating around out there. We will be tracking as usual the ProShares Technology ETF Fund. Stay tuned for trading updates, if you are interested in making some money in this fund.

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Goodbye Mike

Before I get going today, lets take a moment to honor an American Idol, a Music Titan , and a Perfect Representation of the Gods of Music ; I would like to send my condolences and respect to the Jackson family for the sudden passing of Michael Jackson . I am profoundly saddened by his death. I was trying to ignore the whole event- news of his death . It seemed like some sort of bad dream at first. However, reality has set in this morning and have left me almost speechless. Goodbye Michael! You will always be missed! 6/26/2009 9:41 AM

New ETF Posting

By UCS Investment Co. The new ETF posting on the AT-ETF Exchange is the PowerShares KBW Property & Casualty Insurance Portfolio (Fund) . The Symbol is KBWP . This is a relatively new fund which opened in December of last year. The Fund is up about 1% so far this year. We are not expecting a huge run up in price in the short-term on this fund but we are looking forward to steady gains in the share price of the fund as the economy improves.

ETF Update: Short and leveraged ETFs

The markets did well yesterday, up 379 points. Impressive breadth across the board. The Wall Street Journal has a great data center for Etfs . The ETF Gainers, Decliners and Most Actives data column is pretty good, its updated throughout the day and you do not need a subscription to get the information. Yesterday's big market day had ETF funds lit up with huge market moves especially in leveraged ETFs. ProShares funds had a huge day yesterday on the leveraged side. ProShares , if you are unfamiliar with this fund group, is one of the largest short and leveraged ETF family of funds in the world. Of course, many of their short funds were down but the leveraged funds (finally) did better. The Proshares Ultra Financials ( UYG ), 52 week % change - 92.61% and ProShares Ultra S&P 500 ( SSO ), 52 week % change -73.21% finally got a break and is up 4.23% and 2.03% respectively today. Now, I am not advocating that now is the time to buy into these two funds. I still think a wait and...

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