Typically IRA accounts do not have margin, so they can not short stocks. These ETFs trade as stocks, so they will be accessible in an IRA account.
ProShares Launches Eight Innovative ETFs to Trade on the American Stock Exchange
NEW YORK, June 21 /PRNewswire/ -- ProShares, together with The American Stock Exchange(R) (Amex(R)), today announced the launch of eight new innovative exchange traded funds (ETFs) designed to make it easier for investors to get short or magnified exposure to an index.
Four Short ProShares are the first ETFs designed to provide short exposure to well-known market indexes, seeking daily investment results that correspond to the inverse of those indexes, before fees and expenses. Four Ultra ProShares are the first ETFs designed to magnify daily index performance. They seek daily investment results that correspond to twice the performance of their underlying indexes, before fees and expenses.
Monday, June 26, 2006
Thursday, June 22, 2006
20060622 Tom PM
INDU 11019.11 down 60.35.
SPX 1245.60 down 6.60. Confluence 1260.
CCMP 2122.98 down 18.22. Lighter volume. Confluence 2149.
Gold 584.
Dollar 86.01 up .67. Is pushing around everything.
AL 43.29 down .47. Nice set up. Tom looking at a couple of these aluminums.
HSIC 45.15 down .67. Can go back to 42 or 40.
HOLX 48.76 up 7.47. Sell here.
BOOM 31.94 up .79. Nice setup. Had sign of strength. Broke down channel June 02 and gapped up to 31 and 33. Came back to gap on lighter volume. Going to 34.62.
MED 16.35 down 4.55. Volume off the top. Do not buy.
SPX 1245.60 down 6.60. Confluence 1260.
CCMP 2122.98 down 18.22. Lighter volume. Confluence 2149.
Gold 584.
Dollar 86.01 up .67. Is pushing around everything.
AL 43.29 down .47. Nice set up. Tom looking at a couple of these aluminums.
HSIC 45.15 down .67. Can go back to 42 or 40.
HOLX 48.76 up 7.47. Sell here.
BOOM 31.94 up .79. Nice setup. Had sign of strength. Broke down channel June 02 and gapped up to 31 and 33. Came back to gap on lighter volume. Going to 34.62.
MED 16.35 down 4.55. Volume off the top. Do not buy.
Tuesday, June 20, 2006
BRIC Index
After emerging markets shake out, this might be useful.
NEW YORK (Dow Jones)--As investors continue to expand their horizons into emerging market economies, Standard & Poor's announced Tuesday the launch of an index that tracks some of the largest companies from the so-called BRIC countries, Brazil, Russia, India and China.
The S&P BRIC 40 Index, which is calculated in U.S. dollar and euro terms, includes the largest and most liquid BRIC companies traded in international exchanges such as the New York Stock Exchange, Nasdaq, the London Stock Exchange and the Hong Kong Stock Exchange.
NEW YORK (Dow Jones)--As investors continue to expand their horizons into emerging market economies, Standard & Poor's announced Tuesday the launch of an index that tracks some of the largest companies from the so-called BRIC countries, Brazil, Russia, India and China.
The S&P BRIC 40 Index, which is calculated in U.S. dollar and euro terms, includes the largest and most liquid BRIC companies traded in international exchanges such as the New York Stock Exchange, Nasdaq, the London Stock Exchange and the Hong Kong Stock Exchange.
Friday, June 16, 2006
20060616 Tom PM
INDU 11014.55 down .64.
CCMP 2129.95 down 14.20.
SPX 1251.54 down 4.62. Action was yesterday, set up B to C.
Gold 582.90 up 1.20.
Silver 0.215 up .085.
Copper 3.28
Insider selling tells a lot more than insider buying. Company may be financing the buys.
DXPE 34.16 down 1.8. Coming down with too much volume. Wait to buy.
BBH 174.01 up .25. Getting ready to go up.
AMGN 66.82 down .62. Looks like a long.
SHLD 155.27 down 1.78. Is above a gap up, so hard to buy this here. In consolidation and can go a few dollars higher.
RIO 21.79 down .48. 2.5% dividend. Looks good as a long. Will be resistance at 24.39.
AVNR 6.21 down .79. Volume picking up.
CCMP 2129.95 down 14.20.
SPX 1251.54 down 4.62. Action was yesterday, set up B to C.
Gold 582.90 up 1.20.
Silver 0.215 up .085.
Copper 3.28
Insider selling tells a lot more than insider buying. Company may be financing the buys.
DXPE 34.16 down 1.8. Coming down with too much volume. Wait to buy.
BBH 174.01 up .25. Getting ready to go up.
AMGN 66.82 down .62. Looks like a long.
SHLD 155.27 down 1.78. Is above a gap up, so hard to buy this here. In consolidation and can go a few dollars higher.
RIO 21.79 down .48. 2.5% dividend. Looks good as a long. Will be resistance at 24.39.
AVNR 6.21 down .79. Volume picking up.
Thursday, June 15, 2006
Gold Believer
From jsmineset.com:
Posted On: Thursday, June 15, 2006, 6:04:00 PM EST
A Special Offer Continued
Author: Jim Sinclair
A Special Offer - Comet Bob Hall
Bob Hall believes in random acts of kindness - a most refreshing experience. I would like to reciprocate to all the readers that feel they need to have a helping hand in these wild times.
If the pressure of the market is getting to be too much, email or fax me your phone number and available times for me to call you.
I promise I will call you.
You have all my experience and years of involvement available to you in the same mode as Comet Bob Hall showed me today.
Posted On: Thursday, June 15, 2006, 6:04:00 PM EST
A Special Offer Continued
Author: Jim Sinclair
A Special Offer - Comet Bob Hall
Bob Hall believes in random acts of kindness - a most refreshing experience. I would like to reciprocate to all the readers that feel they need to have a helping hand in these wild times.
If the pressure of the market is getting to be too much, email or fax me your phone number and available times for me to call you.
I promise I will call you.
You have all my experience and years of involvement available to you in the same mode as Comet Bob Hall showed me today.
20060615 Tom PM
INDU 11015 up 198. Strongest index because a couple days ago did not get below January low.
SPX 1256 up 26. Big price spread. Cash closed just below 200 day moving average. Tomorrow the future should jump the creek.
CCMP 2144 up 58. 2189 is January 3rd breakout.
Quadruple option expire tomorrow.
Market ARMS reading from this week says sold bottom was established.
The first retracement will be crucial.
NEM 50.51 up 1.92. Looks good.
NDX 1573.08 up 42.82. Watch how it goes through 1600, and watch the first retracement.
DNA 78.23 up .37. March 17 at 88 has high volume. Weekly looks nice.
AZK 2.53 up .19. Miner. NXG buying this out in hostile takeover, today buyout price would be 2.38. Tom owns.
Bud:
5 day ARMS said we were at a bottom.
FCX 49.04 up 3.34.
PGR 27.01 up .62. Good looking, been building cause since January. 27.38 has tough time pushing through January 28 volume down day. Like this chart.
SLW 7.95 up .65. Can buy on next retracement. Try to get close to 7.30.
SPX 1256 up 26. Big price spread. Cash closed just below 200 day moving average. Tomorrow the future should jump the creek.
CCMP 2144 up 58. 2189 is January 3rd breakout.
Quadruple option expire tomorrow.
Market ARMS reading from this week says sold bottom was established.
The first retracement will be crucial.
NEM 50.51 up 1.92. Looks good.
NDX 1573.08 up 42.82. Watch how it goes through 1600, and watch the first retracement.
DNA 78.23 up .37. March 17 at 88 has high volume. Weekly looks nice.
AZK 2.53 up .19. Miner. NXG buying this out in hostile takeover, today buyout price would be 2.38. Tom owns.
Bud:
5 day ARMS said we were at a bottom.
FCX 49.04 up 3.34.
PGR 27.01 up .62. Good looking, been building cause since January. 27.38 has tough time pushing through January 28 volume down day. Like this chart.
SLW 7.95 up .65. Can buy on next retracement. Try to get close to 7.30.
Tuesday, June 13, 2006
20060613 Tom PM
INDU 10706.14 down 66.44.
SPX 1223.69 down 12.71.
CCMP 2072.47 down 18.85.
Gold 566.7. Down huge today. Did more than 1:1.618 on the way down. Correction is over. Bigger trend had volume at the top, so this is not the end of the move up. Set up to run for 1200.
Silver 9.59.
Financials took a hit.
Bud:
Gold stocks many confirmed ABC down. Every gold stock is different. May be reaction bounce this week.
MTZ 12.56 down .15. Let it test 12.28 from January before buying. May see 11.31.
SPX 1223.69 down 12.71.
CCMP 2072.47 down 18.85.
Gold 566.7. Down huge today. Did more than 1:1.618 on the way down. Correction is over. Bigger trend had volume at the top, so this is not the end of the move up. Set up to run for 1200.
Silver 9.59.
Financials took a hit.
Bud:
Gold stocks many confirmed ABC down. Every gold stock is different. May be reaction bounce this week.
MTZ 12.56 down .15. Let it test 12.28 from January before buying. May see 11.31.
Monday, June 12, 2006
20060612 Tom PM
INDU 19792.18 down 99.74.
SPX 1236.40 down 15.90.
CCMP 2091.32 down 43.74.
Gold 608.30 down 3. Can hit 606. Lighter volume.
TIE 31.25 down 3.08. Don't buy yet.
DO 73.75 down 3.24. Will test February 15 low tomorrow, then will go into consolidation.
HAL 70.41 down 2.20. Wants to go to 67.
SPY 124.1 down 1.25.
AUY 8.48 down .51. Want to see it test low tomorrow then close higher.
AZK 2.52 down .13.
NEM 48.52 down .79.
NKE 81.13. Watch to short at 83.10.
SWC 11.14 down .88. Broke low of last Thursday.
Gm 25.78 up .43. Going up the other side.
CBJ 2.70 down .11.
EZM 2.19 down .15. Looks like will go back up.
KRY 3.04 down .81. Venezueala political issues.
GLG 31.60 down 1.76.
SPX 1236.40 down 15.90.
CCMP 2091.32 down 43.74.
Gold 608.30 down 3. Can hit 606. Lighter volume.
TIE 31.25 down 3.08. Don't buy yet.
DO 73.75 down 3.24. Will test February 15 low tomorrow, then will go into consolidation.
HAL 70.41 down 2.20. Wants to go to 67.
SPY 124.1 down 1.25.
AUY 8.48 down .51. Want to see it test low tomorrow then close higher.
AZK 2.52 down .13.
NEM 48.52 down .79.
NKE 81.13. Watch to short at 83.10.
SWC 11.14 down .88. Broke low of last Thursday.
Gm 25.78 up .43. Going up the other side.
CBJ 2.70 down .11.
EZM 2.19 down .15. Looks like will go back up.
KRY 3.04 down .81. Venezueala political issues.
GLG 31.60 down 1.76.
Friday, June 09, 2006
20060609 Tom PM
SPX Yesterday hit low of 1235 with volume then recovered at end of day. That was a selling climax. Expect 1290 to 1295 then need light volume retest to prove this is a short term bottom.
SNR Does not look good. Not a buy here.
DROOY Hold.
HSR Rocket ship. Did what it should do on the long side.
FDX Hasn't tested yesterday low. Needs more work.
RIG 73.30 yesterday. May need to test 70. Consolidation up to 89.90.
CUP Volatile. Recent takeover news. Let it come back to breaout of 3.54 with lighter volume before buying.
SNR Does not look good. Not a buy here.
DROOY Hold.
HSR Rocket ship. Did what it should do on the long side.
FDX Hasn't tested yesterday low. Needs more work.
RIG 73.30 yesterday. May need to test 70. Consolidation up to 89.90.
CUP Volatile. Recent takeover news. Let it come back to breaout of 3.54 with lighter volume before buying.
Wednesday, June 07, 2006
20060607 Matt
Major indices closed lower, after big down day yesterday. Closed off the lows for the day. Light volume yesterday and today.
Metals down significantly.
Crude down .10, so holding price above 70 and 72.
BAP 28.20. Down 3% on average volume. Long term nice chart. Peru financial services and bank. Dividend 3.7%. Look to buy around 26.
CTCI Domestic telecom. Doesn't trade much. Under the radar.
HOC 43.01. Oil and gas. Last week all time high. Buy around 40.
ETP 44.48. 5.2% dividend. Oil and gas. Buy lower 40s.
VFC Near all time high.
PCAR 77.25 up .70. Has held up well.
PBJ Powershares food and beverage ETF.
GGY 35.10. 3.7% dividend. Very light daily volume. French oil technology.
EN 45.66 up .77. 12.7% dividend? Foreign utility in Italy, electricity and natural gas. Volume coming in last few weeks.
HOM Momentum play. Falling. Very oversold, still not a buy.
JSDA 10.31 up .31. Jones soda. Maybe buy at 9.50.
Metals down significantly.
Crude down .10, so holding price above 70 and 72.
BAP 28.20. Down 3% on average volume. Long term nice chart. Peru financial services and bank. Dividend 3.7%. Look to buy around 26.
CTCI Domestic telecom. Doesn't trade much. Under the radar.
HOC 43.01. Oil and gas. Last week all time high. Buy around 40.
ETP 44.48. 5.2% dividend. Oil and gas. Buy lower 40s.
VFC Near all time high.
PCAR 77.25 up .70. Has held up well.
PBJ Powershares food and beverage ETF.
GGY 35.10. 3.7% dividend. Very light daily volume. French oil technology.
EN 45.66 up .77. 12.7% dividend? Foreign utility in Italy, electricity and natural gas. Volume coming in last few weeks.
HOM Momentum play. Falling. Very oversold, still not a buy.
JSDA 10.31 up .31. Jones soda. Maybe buy at 9.50.
Sunday, June 04, 2006
Friday, June 02, 2006
20060602 Tom PM
SPX 1288.22 up 2.51.
INDU 11247.87
CCMP
Gold
Oil
JNPR 16.95 down .52. Needs to build cause to go higher. Resistance at 16.98. Will go to 18.
GOOG 379.44 down 3.18. Today got over swing point and closed under swing point, so will take some heat to 366, then will go back up.
PTSC 1.37 up .35. Action. 1.61 is wide open then will need some time to build cause for move up. Breaks 2.25 with volume this year then can go much higher.
CIEN 4.65 up .16. Let it come back and watch the volume before buying around 4.30.
PMCS 9.98 down .17. Had volume at 13.77 in April. Buy around 9.47. Can go to 9.17.
AUY Wants to run back up.
SIGM 12.50 down .04. Not a long. Gave it up yesterday.
RGLD 28.50 up .41. Wants to go to 38.
CCJ 43.50 up 1.16.
BAP 29.59 up 2.09. 3% dividend. Broke out today.
PPHM 1.83 up .27. Broke out today. Can still go higher. Volume may come in tomorrow. Not much resistance overhead. Nice setup. Cause built since August 2004. Going to 2.83.
ERS 18.81 down .49.
AUY 10.14 up .18.
INDU 11247.87
CCMP
Gold
Oil
JNPR 16.95 down .52. Needs to build cause to go higher. Resistance at 16.98. Will go to 18.
GOOG 379.44 down 3.18. Today got over swing point and closed under swing point, so will take some heat to 366, then will go back up.
PTSC 1.37 up .35. Action. 1.61 is wide open then will need some time to build cause for move up. Breaks 2.25 with volume this year then can go much higher.
CIEN 4.65 up .16. Let it come back and watch the volume before buying around 4.30.
PMCS 9.98 down .17. Had volume at 13.77 in April. Buy around 9.47. Can go to 9.17.
AUY Wants to run back up.
SIGM 12.50 down .04. Not a long. Gave it up yesterday.
RGLD 28.50 up .41. Wants to go to 38.
CCJ 43.50 up 1.16.
BAP 29.59 up 2.09. 3% dividend. Broke out today.
PPHM 1.83 up .27. Broke out today. Can still go higher. Volume may come in tomorrow. Not much resistance overhead. Nice setup. Cause built since August 2004. Going to 2.83.
ERS 18.81 down .49.
AUY 10.14 up .18.
Thursday, June 01, 2006
Inverse Dollar Fund, VXF, Waive SEC Rules
FDPIX
VXF 96.65. "VANGUARD EXTENDED MARKET VIPERS". Nice way to play the market bounce.
BusinessWeek has published a story that says the President has delegated his authority to waive SEC reporting rules.
VXF 96.65. "VANGUARD EXTENDED MARKET VIPERS". Nice way to play the market bounce.
BusinessWeek has published a story that says the President has delegated his authority to waive SEC reporting rules.
20060501 Tom PM
INDU 11260.28 up 91.97.
SPX 1285.71 up 15.62.
CCMP 2219.86 up 40.98.
Gold 634.30.
XAU 141.69 down .91. Will go to 145 soon.
Silver 11.99.
Oil 70.16.
Market is going up.
CSCO 20.50 up .82.
AAPL 62.17 up 2.4. Rejected low from March.
MOVI 5.21 up .22. Good set up, though only has cause since February.
TYC 27.74 up .63. Resistance at 28.05.
MSA 41.68 up .47. Has done everything it needed to do at the bottom. Consolidation. Will run up into gap.
TRE 7.07 down .11. Tom owns. Consolidation.
BIIB 48.12 up 1.49. Going to 50.72 then 53. Buy the retracement, biotechs are going.
DNA 82.61 down .35. Like the setup, ready to go. Will try to go to 88.
IDIX 9.21 up .18. Can bounce to 13.35. Resistance at 10.88.
RGLD 28.09 down .19. Tom owns. Put in low today. Wants to go to 38.
COL.cn .45. Interview with Chris.
AGT .48 down .02. Consolidation. There are better gold longs.
MA 47.51 up 2.57. Mastercard, new issue last week.
NTRI 30% short interest. Not a short.
NEW Not a short.
PCU 85.70 up .55. Copper was limit down this morning and this closed up, so is strong. Will go to 89-90.
SPX 1285.71 up 15.62.
CCMP 2219.86 up 40.98.
Gold 634.30.
XAU 141.69 down .91. Will go to 145 soon.
Silver 11.99.
Oil 70.16.
Market is going up.
CSCO 20.50 up .82.
AAPL 62.17 up 2.4. Rejected low from March.
MOVI 5.21 up .22. Good set up, though only has cause since February.
TYC 27.74 up .63. Resistance at 28.05.
MSA 41.68 up .47. Has done everything it needed to do at the bottom. Consolidation. Will run up into gap.
TRE 7.07 down .11. Tom owns. Consolidation.
BIIB 48.12 up 1.49. Going to 50.72 then 53. Buy the retracement, biotechs are going.
DNA 82.61 down .35. Like the setup, ready to go. Will try to go to 88.
IDIX 9.21 up .18. Can bounce to 13.35. Resistance at 10.88.
RGLD 28.09 down .19. Tom owns. Put in low today. Wants to go to 38.
COL.cn .45. Interview with Chris.
AGT .48 down .02. Consolidation. There are better gold longs.
MA 47.51 up 2.57. Mastercard, new issue last week.
NTRI 30% short interest. Not a short.
NEW Not a short.
PCU 85.70 up .55. Copper was limit down this morning and this closed up, so is strong. Will go to 89-90.
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