Listen up, I love this guy's daytrading commentary:
http://www.daytradingradio.com/
And I recently discovered a good hedge for days like today!
(did you watch the sell off on nasdaq, DJIA, S&P? These ETFs would have been awesome hedgers)
Go long on these ETFs and let them do the shorting!
DXD (ETF:AMEX):UltraShort Dow30 ProShares
UltraShort Dow30 ProShares (ETF) seeks daily investment results, before fees and expenses, that correspond to twice the inverse daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The DJIA includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. ProShare Advisors LLC serves as the investment advisor of UltraShort Dow30 ProShares (ETF).
SDS (ETF:AMEX): UltraShort QQQ ProShares (ETF)
UltraShort S&P500 ProShares (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the S&P 500 Index. The S&P 500 Index is a measure of large-cap United States stock market performance. The S&P 500 Index is a capitalization-weighted index of 500 United States operating companies and real estate investment trusts (REITs) selected by an S&P committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization, financial viability and public float. The S&P 500 Index is a price return index. Reconstitution of the Index occurs both on a quarterly and on an ongoing basis. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as 200% of the daily return of the index. The Fund’s investment advisor is ProShare Advisors LLC.
QID (ETF:AMEX): UltraShort QQQ ProShares
UltraShort QQQ ProShares (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the NASDAQ Index-100 Index. The NASDAQ-100 Index represents the largest non-financial domestic and international issues listed on The NASDAQ Stock Market. To be eligible for inclusion, companies cannot be in bankruptcy proceedings and must meet certain additional criteria, including minimum trading volume and seasoning requirements. The NASDAQ-100 Index is calculated under a modified capitalization-weighted methodology. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as 200% of the daily return of the index. The NASDAQ-100 Index is a price return index. The Fund’s investment advisor is ProShare Advisors LLC.
Wednesday, May 21, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment