On the Radar

On the radar for this week are Ultra Short Electronic Traded Funds also know as ETF's. After weeks of upside momentum the market may need to correct itself after making higher highs and higher lows for several weeks. The Ultra Short ETF's to keep a close eye on going forward are (SMN) Basic Materials Ultra Short, (EEV) the MSCI Emerging Markets Ultra Short, (EFZ) Pro Shares Sort MSCI, (FXP) FTSE/Xinhuna China 25, (MZZ) Mid Cap 400, (SDS) Ultra Short S&P 500, (PSQ) Short QQQ Fund, (RWD) Russell 2000 Fund, and the (QID) QQQ Ultra Short ETF to name a few.