All Things ETF

The markets started strong yesterday then faded, but ended slightly in positive territory yesterday. Again that tug-o-war, and again, we are seeing oil prices skyrocketing for no reason other than greed, in my opinion. As the world largest consumer of energy products, the American consumer is really at the mercy of the greedy oil cartels and now institutional oil traders. It just makes me so angry to see how the markets are so easily manipulated. Oil up again at $73 a barrel by noon yesterday. The ProShares Technology Fund (NYSE ARCA: ROM ) experienced heavy trading but also lost steam in the last 30 min of trading yesterday. Here is a great 2 day technical chart of the fund in a short burst to the upside. Pinpoint the buy signal price if you can. Correction : Barclays Global Investment Unit which includes the iShares portfolio was sold originally to CVC Capital partners for $4.4 billion but Barclays, PLC renegotiated a better deal with US fund manager Black Rock, Inc for $13.5...

We are getting some strong action on the ProShares Technology Fund (NYSE ARCA: ROM ). I would just love it if the fund hit a new high of $34 per share today. Overall the market is finding some legs, up 132 points as of 1:28 pm. Some sectors are again getting ahead of themselves, like oil for example. 06/11/09 13:29

May retails sales are due today along with weekly jobless claims. We will see how that information affects markets today. WSJ online before the bell reports a higher opening for stocks today. I am still in the buy mode and will be looking at all options today to maximize trading gains. 06/11/09 08:56 AM

That's how it felt today. The great tug-o-war between the bulls and the bears. A kind of trading malaise have set in and the markets are neither going up nor down. It's like that scene in Jaws (1975) the movie- the idiot mayor refuses to close the beaches for the weekend, but the secret is already out. Everyone knows that there has been a vicious shark attack on one of the beaches. The following weekend, its beautiful, but no one wants to swim because they- tourists know, that there is a great white killer shark lurking somewhere out there. No one wants to get eaten. So it is with this market, no one wants to really commit and buy stocks because they might get eaten by the great white recession. We know the recession is not dead yet. It's still out there. Lurking, waiting to eat you and your portfolio alive. Lol! Where is that dam Police Chief Brody when you need him. All week there has been very good accumulation on the ProShares Ultra Technology Fund ( NYSE ARCA : ROM )...

At any given moment during market hours, I am filled with feelings of dread about the US economic system, like its right on the precipice of disaster, and sometimes I feel like its like the fictional Borgs of Star-Trek- Exhibiting a "rapid adaptability to any situation or threat, with encounters characterized by matter of fact imperative 'resistance is futile'." Expecting a strong market rally today. WSJ Online before the bell gives a good synopsis of what to expect today. Commodities and oil will be up today after an overnight jump in oil and commodities prices overseas. Still convinced that the drivers behind the volatile commodities jumps are mostly related to huge institutional buying and selling- aka trading, and nothing to do with the cost of producing and selling the commodities. Still looking for a good entry point in our favorite fund the ProShares Technology Fund today. Will keep you posted on any new developments. 06/10/09 09:43 AM

The ProShares Technology Fund traded briskly again in the last few hours of the trading day. Volume was a little over 199,900 shares. I got a good strong buy signal on the fund today at a share price of $32.08, my desired entry point, instead I got greedy and decided to wait for a better price. WRONG! Fund price consolidated and headed higher for a high of $33.00. Greed is not good! I will try again tomorrow. On another note, I've added the iShares Pharmaceutical Fund to our daily watch list. I am not to keen on the iShares etf products because they have performed so horribly. However, since the entire portfolio was sold to CVC Capital Partners for $4.4 billion, I believe the funds maybe making a comeback, a performance comeback I mean. Volume was almost non-existent on the iShares Pharmaceutical Fund, with under 25,000 shares traded today. I am not sure if I should recommend shorting this fund or buying it. I guess that's why its on the watch list. 06/09/09 09:03 PM

Another possible flat day. WSJ Journal Market Roundup gave no indications of anything major happening to shake the markets up. However, the government wholesale inventories report for April is due to be released today if not already. Volume on the ProShares Technology Fund has been average so far today. Also, I will be looking for an entry point in the fund today. 06/09/09 10:19 AM

30 mins before close and the fund made a run. OK, I missed the boat on this short run to the upside on the ProShares Tech Fund. I was looking for an entry point all day. A nice RSI- Fast Stochastic pattern flashed between 1 pm and 2 pm and I just ignored it for some reason. I am paying for the mistake. A buy of 1000 shares at $31.50 this morning and subsequent sale this afternoon at $32.50 would haved given me a profit of 1.00 per share and would've netted me $1000 today. 06/08/09 03:37 PM

Looks like the fund's share price is firming up a bit. Volume steady now at 151,622 shares. This morning the fund's price was jumping all over the place. I couldn't get a good feel for an entry point. The big Steve Jobs appearance did not happen. The short sellers were right there waiting, circling like sharks. Ready to sell. Ready to kill the small investor. Be careful. 06/08/09 02:09:07 PM

Nothing, nada! The markets are down today. So much for the Apple bounce. Average volume on the ProShares Technology Fund with 63,701 traded so far. Recently, a huge trade came over at around 10:40 am- the offer price about 38,500 shares on an offer of $31.25. I am also looking at my Level II screen- the bid and offer spreads are averaging around .05 cent to .19 cents. Nothing poppin off yet. Might be a good time to start setting up some trading strategies for the week on the fund. 06/08/09 10:58:43 AM

I just had to post this. It looks like we could get a bounce in the ProShares Technology Fund on Monday. There is some buzz building on Steve Jobs, Apple's chief executive return . The company is having their annual developer conference starting Monday, and according to industry watchers an appearance by Mr. Jobs would give Apple's stock a bounce by 1 to 5%. Apple Inc. is is one of the larger holdings in the ProShares Tech Fund and if the news hold true could push the fund's share price over the $33 range, or maybe not. If you are interested in trading in 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 ...