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UCS ETF update: Strong day possibly wrong way!

UCS end-of-the-day update. Strong day today. ProShares Technology Fund cruised to a 6.53% gain today with volume over 526,000 shares. The fund's volume came close to hitting that six hundred thousand share level. I am still puzzled though; I was thinking that the enthusiasm would've faded by noon, with all of the negative news out there, such as GM's bankruptcy filing. However, the markets just shook it off and continued rolling. I do believe that one of the main drivers for the enthusiasm was the removal of GM and Citi Group from the DOW 30 and the addition of Travelers and Cisco instead. I've always wondered why GM was not 'removed already'.
06/01/09 06:13:52 PM

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