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Ultra DJ-AIG Crude Oil ProShares (UCO)

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Moderator: toomuchmoney, zsvq1p, pleeb01, longymickshort, kamakiri
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Last Post: 3/29/2017 2:22:44 PM - Followers: 64 - Board type: Free - Posts Today: 17

ProShares Ultra DJ-AIG Crude Oil UCO ETF seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the The Dow Jones-AIG Crude Oil Sub-Index , a sub-index of DJ-AIG Commodity Index NYMEX Crude Oil  (Symbol:DJAIGCL) is intended to reflect the crude oil segment of the commodities market.  The Dow Jones-AIG Commodity Index is valued using the settlement prices for the underlying futures contracts.  The DJ-AIGCI rolls its contracts over the course of 5 consecutive business days, starting on the 6th business day of the month. Each day, 20% of each futures position that is included in the month's roll is rolled.  Not all contracts are rolled every month.  UCO Daily HoldingsNAV History spreadsheet; Premium/Discount AnalysisSEC
Futures Contract Page


Charts Daily, 3 Month and 6 Month

 

  

UCO Chart by Finviz
BLUE LINE is support PURPLE LINE is resistance

 

 

Other neat charts on WTIC or UCO
Long Term Chart
 

WInd Charts by TA
60 minute Chart
1 minute Chart

Candle Charts by American Bulls
UCO Candle Charts

 


Does this ETF achieve Objectives? 

YES! because it only tries to achieve on a  Daily bases and does trend the

The Dow Jones AIG Crude Oil Index

 The Dow Jones AIG Crude Oil Index compared to the UCO ETF 5 day and 1 day
Comments: It does not mimic WTIC. Analysis the Perf Chart  Carefully!

   

Performance Results by % vs WTIC vs USO vs UCO

   West Texas Intermediate Crude  US Oil Funds designed to Follow Oil  Ultra Proshares ETF Double Oil

   5
Days

 
  10
Days
   
     1
month
   
     3
months
   
     6
Months
   
  1
year
   

Contango, Backwardation and Rolling Factors

Contango Vs. Normal Backwardation

 ETF Rolling in Contango

NOTE: UCO or The DJ-AIGCI rolls its contracts over the course of 5 consecutive business days, starting on the 6th business day of the month.

Some Argue that leveraged Funds are Risky because of the "Compounding Effect" 

Example using $100 Starting investment:

Day 1 Value gaining 10%  is $100 x 1.10 = $110.00
Day 2 Value losing  (10%) is $110 x  .90 =    $99.00
conversely
Day 1 Value Loses (50%) is $100 x  .50 =  $50.00
Day 2 Value gains  50%  is    $50 x 1.50 =   $75.00

Comments: If you understand that this ETF objective is to trend Dow Jones-AIG Crude Oil Sub-IndexSM and not West Texas Intermediate Crude  (WTIC), then you will understand  the above argument applies for any stock.  The rolling is the for the index is same as for UCO.

 


 Danny Penney from Stockcharts (He Uses EMA 15 and 9 for USO assume same for UCO)

 

FRESH SIGNALS ... YOUR BEST FRIEND...THE TREND !!!!!!!

Dan Penney

NEW SIGNALS EVERY WEEK!!!!

Eliminate the daily noise...Trading decisions should be made on the basis of changes in price, it's really that simple. The method shown in these charts attempts to identify the best EMA's for each symbol, providing maximum gains with minimum effort and trading. No system is perfect 100% of the time, but when you consider these charts I think you'll agree that this trading method works. PLEASE VOTE FOR ME IF YOU LIKE WHAT YOU SEE..

Cheers, Dan
 

 

P&F Chart

P&F Charts

        

 



 


Other U.S. Futures Oriented Oil Related ETF's and ETN's

Long Oil  Goldman Sachs Crude Oil Return Index OIL ProShares Ultra DJ-UBS 2X Crude Oil UCO PowerShares DB Oil Fund DBO United States 12 Month Oil Fund USL PowerShares DB Crude Oil Long ETN OLO
Short Oil  The United States Short Oil Fund, LP DNO ProShares UltraShort DJ-UBS 2X Crude Oil SCO PowerShares DB Crude Oil 2X Short ETN DTO   PowerShares DB Crude Oil Short ETN SZO


 

 

 


OIL...ETF List
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Contango
 
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#917  Sticky Note Anatomy of a UCO costless collar: kamakiri 12/13/16 12:51:43 PM
#2115   Agree. Definitely a new low. I'm ready :-) GuTA 03/29/17 02:22:44 PM
#2114   Contango almost *gone* across the strip.Excercise caution if kamakiri 03/29/17 01:22:11 PM
#2113   Agreed,but I think that $42 or lower could kamakiri 03/29/17 01:19:19 PM
#2112   Same here... just bought back what I sold GuTA 03/29/17 12:24:10 PM
#2111   so nice Irish green UCO it is toomuchmoney 03/29/17 11:38:20 AM
#2110   Nice. Thank you sir. HUSTLA 03/29/17 11:06:10 AM
#2109   Sold my $16 at $17.5X yesterday.Good luck with kamakiri 03/29/17 11:04:38 AM
#2108   Actually a +0.9MM build.Only an SPR draw of-0.7MM. kamakiri 03/29/17 10:52:24 AM
#2107   Topped off on puts.Real nice cheapies! kamakiri 03/29/17 10:45:08 AM
#2106   Looks like solid resistance at $49...GLTA! kamakiri 03/29/17 10:44:34 AM
#2105   If she clears the 200ma, could bounce back HUSTLA 03/29/17 10:38:45 AM
#2104   Must be pretty good report. I'm in pleeb01 03/29/17 10:31:59 AM
#2103   UCO, bam baby! toomuchmoney 03/29/17 10:30:43 AM
#2102   I'm still not convinced this is a bounce kamakiri 03/29/17 10:12:49 AM
#2101   I agree. Nice moves so far. pleeb01 03/29/17 09:42:47 AM
#2100   Thinking today's a good day to start buying GuTA 03/29/17 07:52:31 AM
#2099   Good morning all, waiting for report to make pleeb01 03/29/17 07:48:00 AM
#2098   UCO OH BABY HURT ME soooooo GREEEEN!!! toomuchmoney 03/28/17 07:12:51 PM
#2097   Actually, $47.01 was hit on 3/22. I like kamakiri 03/28/17 04:38:56 PM
#2096   Crude +1.909MM Gasoline -1.104MM Distillate -2.035MM Cushing -576K BOS-MMT 03/28/17 04:34:27 PM
#2095   Muted reaction to the report so far... kamakiri 03/28/17 04:32:24 PM
#2094   Rejected by 48.6 200DMA. But if reports are BOS-MMT 03/28/17 03:59:14 PM
#2093   Good luck Kam will be watching. Not buying pleeb01 03/28/17 02:56:43 PM
#2092   Shifted most of my long positions for short. kamakiri 03/28/17 02:29:37 PM
#2091   UCO about to go so green it hurts, toomuchmoney 03/28/17 10:14:24 AM
#2090   Good morning all nice move up in the pleeb01 03/28/17 09:05:34 AM
#2089   Cashed them all this AM... time to start GuTA 03/27/17 07:56:05 PM
#2088   Thanks Kam watching it close. Same to you. pleeb01 03/27/17 02:58:35 PM
#2087   Sure does! Just be cautious about calling this kamakiri 03/27/17 12:37:50 PM
#2086   Makes a big difference when you can flip pleeb01 03/27/17 12:27:02 PM
#2085   Cue the dump. kamakiri 03/27/17 10:38:31 AM
#2084   Solid gains on the put side. kamakiri 03/27/17 10:03:13 AM
#2083   Oil rigs 652 +21 kamakiri 03/24/17 01:09:16 PM
#2082   I guess there won't be big move until BOS-MMT 03/23/17 02:59:07 PM
#2081   Good afternoon Gents, hope everyone is trading well pleeb01 03/23/17 02:02:53 PM
#2080   ;-) Great stuff today! kamakiri 03/23/17 01:18:00 PM
#2079   looks like OIL went straight up after your toomuchmoney 03/23/17 12:22:12 PM
#2078   you were joking of course, straight down? right toomuchmoney 03/23/17 11:29:19 AM
#2077   yeah the markets watch my every move, aint toomuchmoney 03/23/17 11:25:38 AM
#2076   Looks like oil went straight down after your post......... BOS-MMT 03/23/17 11:23:57 AM
#2075   Price action keeps sucking in the buyers! kamakiri 03/23/17 10:44:37 AM
#2074   :-DExactly.I think the tanking continues.Retraces make great buying opportunitie kamakiri 03/23/17 10:41:50 AM
#2073   More whipsaw on the menu! Love the daily action! GuTA 03/23/17 08:51:38 AM
#2072   higher , much higher? we make money all toomuchmoney 03/23/17 07:45:47 AM
#2071   yeah sure, why not, oil is not going away toomuchmoney 03/22/17 05:14:48 PM
#2070   Your price target?oil 50? BOS-MMT 03/22/17 04:06:18 PM
#2069   Great action today!! re-loaded the put positions. kamakiri 03/22/17 03:24:19 PM
#2068   OIL/UCO, enjoy the quiet, all I can say toomuchmoney 03/22/17 11:41:15 AM
#2067   Sooo close! GuTA 03/22/17 11:37:24 AM
#2066   LOL! 9 cents shy ;-D cashing and rolling! kamakiri 03/22/17 10:49:41 AM
PostSubject