Skip to main content

UCS Morning Update

06/02/09 08:52:26 AM

UCS trading-ahead update: I am sitting here thinking that the markets have moved up substantially since March, 2009. Will they go higher? I want to believe that the markets will go higher, but that voice in the back of my head is still saying it's too soon; the fundamentals in many sectors are just not there yet; inflation is still lurking; trillions of dollars that have gone up in smoke just does not reappear overnight. Not too long ago, I was considering the short etf funds as viable investment alternatives, like the ProShares Ultra Short Financials or the ProShares Ultra Short Real Estate, but so far their results have not been stellar (literally) in these Short funds.

I respect the markets and I just believe that when you are going short you've got to have a stomach of a 'billy goat', cause its going to be rough climbing to get to the nice grass. I may consider taking a position in the ProShares Technology Fund today. It all depends on the overall market's momentum and the technical indicators off the fund. However, after reading today's pre-opening update on WSJ Online, I may have to wait. We'll see.


If you are interested in trading this fund, would like a prospectus or have a question concerning this fund call me for a free no cost consultation at 770-572-2715. Please note: You should seek professional advice before implementing any of the strategies discussed herein, since: (1) The strategies are general in nature and will not apply to every situation; (2) Other opportunities may be better suited to your particular needs; and (3) The rules and regulations are constantly changing.
Labels:

Comments

Post a Comment

Popular posts from this blog

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...
Post a Comment
Read more

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...
Post a Comment
Read more