All Things ETF

The markets have pulled backed sharply today. The DOW was down over 200 points as of 12:17 pm. During the summer months- June, July and August, market activity naturally slows down. This is normally a good time to implement strategy. From a tactical standpoint, you use this time to adjust your existing portfolio and reallocate resources to industries and companies that you believe fits your investment goals. For example, my overall strategy is to focus on companies that we believe will do well in this political environment such as health care, technology, oil, gas and alternative energy, and lastly real estate. Our goals are to look for and build positions in funds that have strong positions in companies with good valuations. That is what I will be working on today. On that note, volume on the ProShares Technology Fund (NYSE ARCA: ROM ) is above average, though the fund is down around 4% today. ProShares also have a short fund to their long fund, the ProShares Ultra Short Technology F...

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 )...

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 .

05/27/09 10:18:39 AM We are gonna follow the ProShares Ultra Technology Fund for awhile. We will be analyzing trading volume, Level II trades , charts, and trading trends. So keep it tuned in.

5/27/2009, 08:54:50 AM Good morning! Time to get going and make some money today! I found a good article of an interview given by a top trader on CNBC .com . The article was actually posted yesterday but I am posting it now. It's on how he trades and how he's successful at trading during the day. A good article for traders or wannabe traders. The trader, ( Charles Poliacof ), doesn't say much as much as what he does say; lol ! If you are interested in trading this fund or have a question concerning this fund call us 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.