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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: 3/27/2017 2:58:35 PM - Followers: 64 - Board type: Free - Posts Today: 5

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
#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
#2065   $46.X *this* week, if not lower. ;-D kamakiri 03/22/17 02:18:26 AM
#2064   46.xx next week if not this week GuTA 03/21/17 08:18:35 PM
#2063   API build +4.529MM bbl. kamakiri 03/21/17 04:40:13 PM
#2062   Actually, the thing to understand is that the kamakiri 03/21/17 02:56:02 PM
#2061   UCO is still above 17, which means crude BOS-MMT 03/21/17 01:49:02 PM
#2060   Cashed/rolled between 3.5X to 10X(+900%) positions! :-D kamakiri 03/21/17 01:33:12 PM
#2059   Good call pleebs! You know where my bias kamakiri 03/21/17 01:21:05 PM
#2058   Good morning all. Next few days will be pleeb01 03/21/17 05:29:24 AM
#2057   For those that don't understand contango and decay, kamakiri 03/20/17 11:20:55 AM
#2056   More whipsaw coming! Nice action and retrace of kamakiri 03/20/17 10:59:38 AM
#2055   $50 head bump rejection GuTA 03/20/17 09:09:20 AM
#2054   Wow.May contract dropping right to old Apr levels. kamakiri 03/19/17 09:31:13 PM
#2053   Doubled put holdings after going through CoT data kamakiri 03/19/17 06:59:50 PM
#2052   Oil rigs: 631 +14, US rigs: 789 +21 kamakiri 03/17/17 01:10:08 PM
#2051   "shoulder" is in...time to tank! kamakiri 03/17/17 12:41:35 PM
#2050   Happy St Patty's day all. Good luck today. pleeb01 03/17/17 10:37:28 AM
#2049   Head bump! Been traveling ... hope everyone GuTA 03/16/17 08:57:01 PM
#2048   April options expiry today too. GLTA. Gonna be kamakiri 03/16/17 12:01:08 PM
#2047   And FWIW, the May contract *did* top out kamakiri 03/16/17 11:58:34 AM
#2046   That's a pretty good call. Upward movement did kamakiri 03/16/17 11:49:51 AM
#2045   nice PM OIL and UCO, looking for 50 toomuchmoney 03/16/17 08:18:20 AM
#2044   Good morning Gents. Looks like we're getting a pleeb01 03/16/17 07:13:14 AM
#2043   I agree. Might cut some calls loose tomorrow.. GuTA 03/15/17 11:01:13 PM
#2042   slingshot toomuchmoney 03/15/17 02:32:16 PM
#2041   I think it's gonna 'snap' soon. I *think* down...GLTA. kamakiri 03/15/17 12:48:24 PM
#2040   Interesting. Most of draw is from SPR. -0.8 kamakiri 03/15/17 10:37:12 AM
#2039   Same to you Kam. Let's see what we get. pleeb01 03/15/17 10:18:30 AM
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