Saturday, January 16, 2010

In the Zone

SRS - ProShares UltraShort Real Estate

The investment seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the Dow Jones U.S. Real Estate index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be inverse to those of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is nondiversified. For now this ETF is slightly above its 5 week moving average but below its 10, 32, 50 and 200 week moving averages. If the Dow, Nasdaq and S&P 500 continue to decline there will be a reversal in the trend of the The Pro Shares Ultra Short Real Estate ETF. The Ultra Short Real Estate ETF ended the week trading at $7.55 up $0.77 or 0.94% on lighter than average upside volume of 65.6 million. The average weekly trading volume for the Pro Shares Ultra Short Real Estate ETF is 115.71 million.

***please have a close look at the chart below***

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