All Things ETF

We are coming down into the home stretch. The ProShares Technology Fund had a stable ride this week. Volume hit 305,520 shares as of 4:51 pm. If you are trading, take some profits off the table, who knows what Monday is going to bring. Next week, I hope to have some exciting ideas for trading, making money in ETFs and preserving capital for retirement. Otherwise have a GREAT WEEKEND everyone! 06/05/09 03:52 PM

The ProShares Technology Fund is trading real heavy this morning with a 148,000 shares traded as of 10:15 am. Heavy selling as traders take profits in a period of uncertainty. Do you take profits now, since it looks like the bloodletting in the labor market is coming to a an end, or do you wait and continue to let the markets rise knowing there are still so much negatives out there. Hey traders, let the fund run! Let the 'green shoots' continue to grow! 06/05/09 10:54 AM

Unemployment numbers are out and they are not bad. The WSJ online report gives a good positive roundup. Let's see what the market does from here. 06/05/09 10:00 AM

Volume is picking up some. Good size buy trade of about 10,000 shares on the ProShares Technology Fund bumping the fund from session price lows of $31.32 per share to 31.71 per share. Someone is finally committing. 06/04/09 01:42:16 PM

I mentioned in a previous morning post that you should take some profits in commodities, if you had a commodity position in your portfolio. There was commodity related articles all over the news boards yesterday. I did a commodity podcast in January '09 on the iShares S&P GSGI Commodity Fund , GSG . That fund was down a little under 2% yesterday experiencing heavy trading volume. I had recommended that investors stay away because GSG is down almost 75% or more since inception. It has made a little comeback, doubling in value since April 27, 2009, but don't be fooled by the bounce. I still think this fund is a dud! I still say take profits in commodities if you can and avoid shorting commodities unless you absolutely know what you are doing! 06/04/09 01:26 PM

Today could be a pivotal trading day. Sobering news from Mr. Bernanke yesterday doused the flames of a budding market rally. Its all good though. ProShares Technology Fund head back into positive territory trading above $31 per share. Volume as of 11:11 am is around 76,000 shares. I am looking at the Nasdaq Level II Book Viewer and Buy orders are still outpacing Sell orders. In order to see a big jump in price on this fund the buy to sell order ratio needs to be over 50%. 06/04/09 11:18 AM

Running late this morning. I had to get in a late morning jog. Posting shortly.