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Reverse split shares 1-for-5 on 5/11.
Glad I jumped in to SPXU last Tuesday. Looks like the correction is in full swing.
~ $SPXU ~ Possibly going long scan results (Daily and Weekly) for for the week of March 1st 2012 - Daily and Weekly views.
Chart results for you to ponder with me.. These are technical scans only, Click next or previous at the top of the page to see my others. Twitter: @MACDgyver ---> SPXU <---
Keyword: MACDscan ----> http://tinyurl.com/MACDscan
SPXU looking like its going to be doing a double from these prices. I'm looking to see it above $24 in the following weeks to come.
Looking at SPXU again, it is picking up a decent range. When volatility kicks in, though, it's usually several % behind the others.. mainly because it tracks an index, while the others have larger room to move. nearly $2 range yesterday on SPXU..
TZA has a huge range on volatility
your welcome, those are all 3x, like SPXU, and move FAST
day and short-term trades are best
And Thank You!!!
That's very helpful information.
Fred
Thank you, very much
Fred
Direxion ETFs http://www.direxionshares.com/etfs
for example; TNA/TZA follows Russell1000 US small caps
BGU/BGZ follows Russell 1000 US large caps
FAS/FAZ follows Russell 1000 Financials
TMF/TMV follows 20 Year Plus Treasury
Which other "direxion etfs", please?
Fred
Thanks, good to know that for the future.
If we ever get a leg down, I'm tossing SPXU and never looking back. it's always behind the others.. better leverage in the direxion etfs
O.K., Jim, I guess we have to agree. But, you just wait, I'll figure out how to pick a fight...lol
Good Luck To Us,
Chartman17
Jim, I think we will see short rallies but I believe that the down side is much deeper than it is now. I predict, and I'm willing to put my massive and far reaching reputation on the line...lol, that the market will bottom near 9,500 around October 21st.
Write it down and call me on it November 1st. You can then either congratulate me or thumb your nose at me and say neener, neener.
Chartman17
market run til end of oct? dunno about that. whether or not we have a new leg lower next week, not sure either. gotta atleast be short, and take the pain on potential rallies
Back in two days ago at market high. Just watch it run till end of October. GLTA
Chartman17
staying short in here. long hedge really would've been at market gap today, but i left my shorts alone and didn't touch anything long. puts on GLD is possible hedge, unless you're nimble, this is a stay short market. i'm not too nimble :O
I'm outta here at $15.72. A profit for me, very small.
Chartman17
SPXU is working and tomorrow should be very interesting.
Chartman17
Looking for SPXU to move higher.
Chartman17
I bought a bunch of SPXU today just under $15... Now just waiting for Ben Bernanke to speak.
Has anyone been in this lately. I like that it's 3X. Great volatility too.
Saw that. TA also shows this will pull back at 1,014 before heading to 1,100. Just a quick flip on this one, and no farm betting.
Goldman Sach put an upward call @ sp=1100 a week ago.
I wouldnt bet the farm yet....
Specially when THEY rule the world....
~SPXU~ / ~UPRO~ / S&P
i'm in. let's see if S&P can break 880.
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ProShares Launches ETFs to Provide Triple Exposure to S&P 500
July 1, 2009
ProShares Launches First ETFs to Provide Triple Exposure to S&P 500
ProFunds Group, the world’s largest manager of short and leveraged funds1, announced today that it is launching the first ETFs designed to seek triple exposure to the S&P 500 on a daily basis. ProShares UltraPro S&P500 (UPRO) seeks 300% of the performance of the S&P 500 for a single day, while ProShares UltraPro Short S&P500 (SPXU) seeks 300% of the inverse performance of the S&P 500 for a single day (before fees and expenses). The new ETFs will be listed on NYSE Arca today.
“The S&P 500 has the largest following in the ETP industry with nearly $90 billion of assets benchmarked to it,” said Michael L. Sapir, ProFunds Group Chairman and CEO. “As the leader in short and leveraged ETFs, we are committed to giving investors more choices to manage risk and pursue returns.”
About ProFunds Group
ProFunds Group includes 86 ProShares short and leveraged ETFs, and 115 ProFunds mutual funds. ProShares, which introduced the first short and leveraged ETFs in 2006, continues to be a leader in launching innovative new products—for two years in a row, ProShares has led the industry in attracting assets to newly launched ETFs2 and is the fourth largest manager of ETFs3 in the nation. Since 1997, ProFunds mutual funds have provided investors with access to sophisticated investment strategies, with offerings that include funds that seek to magnify daily index performance and funds that seek to increase in value when markets decline. The group also manages the Canada-based Horizons BetaPro ETFs.
[chart]stockcharts.com/c-sc/sc?s=SPXU&p=D&b=5&g=0&i=t45100127534&r=4326[/chart]
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