I came across these a few months back when looking for some ETFs or Bear Market funds. Lo and behold what I discovered looking through their prospectuses. I was impressed.
Their Ultra Series funds trade 200% the index that they match. I was expecting some pretty weak analog but to my surprise they match the moves on their respective index by about 1 to 2% points even as a 200% match fund. Their Bear Funds actually go the inverse of the respective index by going short all the stocks in that index and they match almost perfectly as well.
I don't recommend them for the short term trader or someone who wants a fast intraday exit as you are actually trading the closing price. But if you are playing long swings that go for more than several trading days to a few weeks they seem to be ideal. Their Sector Funds match 150% of a sector move and seem to outperform most of the sector leader by percentage gain, coupled with the fact that they distribute the fund over several stocks so you aren't throwing all your egg in one basket ahead of a bad earnings report or some insider dumping that kills momentum.
I especially like their Dollar Index Funds which I believe will be doing quite well over the next year or 2. They include a long USD Index fund and an Inverse Fund. With all these options you really don't need to go too far to find a play.
Stepping off the soap box on these funds and adding the disclaimer that I don't sell these funds and am not affiliate with them in anyway. Just giving kudos where they are due. They beat the Rydex funds hands down IMO.
So far markets look good to move up. Beginning to show signs of th start of a rally.
Short term targets on a break of the wedges. COMPQ 2063 INDU 10600 NYA 7214 SP500 1180s SP Mid Cap 665 NDX 1525
USD Index is a tricky one I think solid support is at 83.50 but to really rally the markets I would say a drop into the 83-84 range should do nicely. Note other than strong reversal signs I haven't found a solid technical indicator for short term trading on the dollar. It's very difficult to place using anything other than support and resistance levels and trendlines. I guess I can watch an inverse of gold for technicals on the dollar. I'll be looking at those later tonight.