ProShares UltraPro Short S&P500 (SPXU)

[str8_chuter]

Fed printed $2 T and it got SPX just slightly more than a 50% retrace.

Another $310 B from Treasury won't move the needle. Especially since these funds aren't being mainlined to Wall Street trading desks but rather more mundane allocations like meeting payroll.

[zsvq1p]

I'm thinking the new PPP is going to make this go down... Plus it is in a Head and shoulder reversal pattern. It might be time to go back to UPRO

[zsvq1p]

Nice uptick today...

[str8_chuter]

OK, the Fed has now shot its wad. They've already begun tapering (Treasury purchases down from $300 B per week to "only" $75 B per week).

We had our Lehman-like failure over the weekend with Singapore's Hin Leong Trading collapsing due to massive fraud. The company owns one of the largest crude oil storage facilities in the world and now the ability to store at its facility has been suspended. Just one of the reasons why crude prices crashed today.

And now come the waves upon waves of credit defaults.

Fed is powerless to do anything. This isn't a liquidity crisis, this is a solvency crisis. They cannot print cash flow. Step aside and let the bankruptcy courts sort it all out, as they should have done 11 years ago.

Short at will. The real drop is about to get underway.

[Hutch321]

I know it doesn’t make sense. It didn’t make sense back in 2008-09 either. One thing I’ve learned. Don’t fight the fed.

[tw0122]

Examples

Take a look at the performance stats in the table. As an example, the triple-leveraged financial sector ETF averaged a 45.9% annualized total return over the past five years, which sounds excellent at first. One-third of this would be 15.3%. However, the financial sector has generated total annualized returns of 17.5%, on average, over the same time period. So if the leveraged ETF had returned triple the index's return each year, the annualized return should have been a much greater 52.5%.

On the other hand, consider the example of the triple-short S&P 500 ETF. If you had simply shorted the S&P 500 over the past five years, you would have lost 54.6% of your investment. So a $10,000 investment would have turned into $4,540. Not great performance by any definition. However, if you had purchased the triple-leveraged short S&P 500 ETF, you would be down 92.1%. Your $10,000 investment would now be worth just $790.

The takeaway is this: If the underlying index moves favorably, triple-leveraged funds can certainly go up, but they tend not to actually produce three times the underlying index's performance. On the other hand, when the underlying index isn't moving in your favor, triple-leveraged ETFs can be absolutely dangerous

[zsvq1p]

Sure.. It makes sense unemployment up 6 million which then causes everyone to want to buy.. Makes perfect sense.

[tw0122]

Yesterday's last 10 minutes action, when the S&P dumped by 40 points in seconds, when a $2.4BN "market on close" sale imbalance was announced at 3:50pm ET...


... moments ago, at exactly 350pm again when the market on close imbalance was unveiled, and revealed that there was $2 billion left to buy, the Emini future (i.e., the S&P500) spiked higher by 20 points, from 2,732 to 2,752, which was also the session high as algos scrambled to frontrun the residual buy orders in the last minutes of trading

As a reminder, this is at least the 4th time in the past two weeks - it started on March 26 - that the MOC imbalance announcement has led to a stunning move in the market, a striking phenomenon which is attributable to one simple thing: there is absolutely no liquidity in the market, and as a result the headline MOC announcement is sufficient to send the entire market surging or tumbling just due to the end of day rebalance, which as we reported last night, is now wreaking havoc on both option pricing and realized volatility

[zsvq1p]

There is an old saying...

Don't fight the Feds

When interest rates are being lowered... buy
When interest rates are being increased... go conservative.

[str8_chuter]

Regardless of when the lock down orders are rescinded, the damage has been done.

No V-shaped recovery coming. Sure, there will be a surge. Any positive activity will seem like a boom when starting from zero. Yet, the global economy was teetering on the brink of a depression BEFORE the virus hit. All one has to do is look at the number 1 car market in the world, China, for confirmation. Trouble began back in 2017 when China's car sales were up just 1.4% for the year. Lowest increase in decades.

In 2018, China's car sales declined for the first time in history, down 4.7%. In 2019, sales declined 9.6%. Numbers which indicate that China was likely already in recession. China also set a new record in loan defaults in 2019, breaking the record set in...2018. We also saw a record number of Chinese banks go Tango Ultra in 2019.

Now the global economy has been knee-capped. Will take years to recover.

[zsvq1p]

It only makes sense we shut down the world costing 1/4 GDP and the S&P 500 will go bull... Right?

Some must think it will V pretty quick.

https://www.morningstar.com/articles/976107/coronavirus-update-long-term-economic-impact-forecast-to-be-less-than-2008-recession

[str8_chuter]

"I'm thinking this will get back to $40..."

Yes the low 40's would be in play if $SPX drops to 2000.

If $SPX retreats back to 1800, then SPXU would be nearing 50.

[zsvq1p]

I'm thinking this will get back to $40...

[Trons]

Loaded the boat. This will fly like TVIX

[trevor68]

Touching $34s today...

[starbuxsux]

from your mouth to God's ears

[str8_chuter]

Yep, most likely.

2600 might be a goner today.

2100 in play perhaps in a week or so?

[trevor68]

I believe that headlines will steam roll through any resistance for the next month.

[str8_chuter]

t68,

Aye, perhaps so. SPX support at 2850 looks weak. 2600 should be a bit firmer. If that gives way, then the situation really gets interesting.

[trevor68]

Something tells me, this forum will get a but more exciting in the coming weeks...

[starbuxsux]

ditto!

[Whale Gunna]

Go go gooooo $SPXU

[Whale Gunna]

Huge "weeeeeeee" time, watch how bloody the DOW will be tomorrow and remainder of week.

[stocktrademan]

SPXU buy 11.23



















normal chart




log chart

[ernie44]

true but it could go sideways if this is the bottom

TRUMP rally could go on for 2 years

[jsc52033]

well it looks like it may be about time to take a small position in this jmo

[ernie44]

Media junkies are saying the S&P WILL SUFFER under pres elect

[ernie44]

yes saw the activity but was busy today

[acrazjo]

I think the market has a nice healthy correction coming very soon. I intend to hedge into spxu and ride the mkt as it drops after Trump gets in power.

[ernie44]

Shuda kuda now its 19.45
thats why this bd is a bowling alley

[Retire43]

Yes. I was looking for something to take a long term short position. But not a huge risk.
Options and futures too much risk, too fast and expire.

[Ownwallstreet]

That's why you trade it :)

[Retire43]

If you would have bought the very low on May 20th 2015 @ 32.17 and held it this 14 months now @ 23.83, you would have a 26% loss today!

[Retire43]

If you would have bought the very low on May 20th 2015 @ 32.17 and held it this 14 months now @ 23.83, you would have a 26% loss today!

[Ownwallstreet]

I wouldn't know, I trade in and out of this....never holding more than a few days

[Retire43]

In May 2015 mkt high 2134. SPXU was about 32.00.
Compare the highs and matching lows and you will see how much lower we are now Percentage comparisons are huge

I've been told that there is a very high cost of maintaining this ETF's balance

[Ownwallstreet]

I agree.

[Retire43]

Yes. SPX is stuck right here now.
I have a small position thinking we are near a mkt top.

[Ownwallstreet]

This is true. I actually took a position yesterday at 23.74.

[Retire43]

As active as this ETF trades, this board is very quiet!

[mrPiNK]

Thoughts???

[Ownwallstreet]

Yes, I have 33 near term target

[CafeRacerNYC]

I think we are on our way to see a new 52 week low... then maybe we should load up on this. Seeing a nice reverse pattern in the Dow forming.

[Retire43]

Is there anyone here that is thinking this could go to 30.30?
That the SP could go to 2075?

[jsc52033]

looking better today

[str8_chuter]

SPXU looking good here.

Pulled off a textbook retrace the past couple weeks, breaching the 50-day, then bouncing above.

Should be good to go.

[stocktrademan]

$SPXU recent news/filings

bullish optionable
could be a way to hedge bearishness
long term bullish divergence and breakout
high volume
stochastics crossing up near oversold

## source: finance.yahoo.com

Wed, 26 Aug 2015 15:46:30 GMT ~ Levered ETF Bets on U.S. Stocks Go Bananas as Bonds Get Shorted


read full: http://finance.yahoo.com/news/levered-etf-bets-u-stocks-154630750.html
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Fri, 24 Jul 2015 21:32:29 GMT ~ Nearly picture perfect S&P 500 short trade


read full: http://finance.yahoo.com/tumblr/blog-nearly-picture-perfect-sp-500-short-trade-213233488.html
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Wed, 10 Jun 2015 13:49:00 GMT ~ Why it’s so dangerous to compare equity valuations to interest rates right now


read full: http://finance.yahoo.com/tumblr/blog-why-its-so-dangerous-to-compare-equity-valuations-175102630.html
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Thu, 04 Jun 2015 14:47:28 GMT ~ 3 logical fallacies underpinning the current stock market mania


read full: http://finance.yahoo.com/tumblr/blog-3-logical-fallacies-underpinning-the-current-stock-175052482.html
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Wed, 03 Jun 2015 15:33:55 GMT ~ Margin Debt: What Does History Say About New Highs And Stock Returns?


read full: http://finance.yahoo.com/tumblr/blog-margin-debt-what-does-history-say-about-new-highs-164615408.html
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$SPXU charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$SPXU company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/SPXU/company-info
Ticker: $SPXU
OTC Market Place: Not Available
CIK code: 0001409741
Company name: ProShares Trust
Incorporated In: DE, USA

Business Description:

$SPXU share structure

## source: otcmarkets.com

Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available

$SPXU extra dd links

Company name: ProShares Trust
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=SPXU+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=SPXU+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=SPXU+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/SPXU/news - http://finance.yahoo.com/q/h?s=SPXU+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/SPXU/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/SPXU/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=SPXU+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/SPXU
DTCC (dtcc.com): http://search2.dtcc.com/?q=ProShares+Trust&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=ProShares+Trust
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=ProShares+Trust&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/SPXU
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001409741&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/SPXU/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/SPXU/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=SPXU&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=SPXU
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/SPXU/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=SPXU+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=SPXU+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=SPXU
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=SPXU
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=SPXU+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/SPXU/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=SPXU+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/SPXU.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=SPXU
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/SPXU/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/SPXU/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/SPXU
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/SPXU
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/SPXU:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=SPXU
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=SPXU



$SPXU DD Notes ~ http://www.ddnotesmaker.com/SPXU

[blindjohn]

Boom

[Shaka_Zulu]

Here we go...

[trade_stocks_daily]

I am in in SPXU.