This is the first honorary addition to the Paper Trading 101 - Million Dollar "Long Only" Portfolio...
"ProFunds UltraShort OTC Fund seeks investment results that correspond each day to twice of the inverse of the performance of the NASDAQ 100 index. The fund primarily engages in short selling, stock index futures contracts, options on stock index futures contracts, and options on securities and stock indexes. It typically invests in securities traded on the over-the-counter markets, and instruments with values that are representative of such securities. "This fund is non-diversified."
*I am bullish here because of how the 10 and 50 day SMA's are placed, in the 6-month chart below, you can see how this relationship between the moving averages has led to a bullish wave going forward, also the slow stochastics are very oversold, and the RSI may have completed 5 waves off of the recent top... it's also no secret given the bear which has been apart of my signature since the evening of December 21st that I am bearish on the markets...