<h3>FAS</h3> I have made a killing on <b>FAS</b> in the last few days, I have been locking in some profits. The S & P - 500 had high Volume yesterday. The really initially started with beaten down stocks. But now the large and mid caps are showing strength across the board. as well. I am LONG for the near future. For a safe play you could consider <b>SSO</b>.
<h3>ETF Watch List - 20.Mar.2009</h3> <b> PGF ERX UYM TNA DXO FAS REA ENY DYY UCO </b> I still feel comfortable being long, volume has been good. But please make sure you lock in profits at every opportunity. Money management is key, I have been locking profits as early as <b>8%</b>.
<h3>ETF Watch List - 23.Mar.2009</h3> <b> DXO UCO DYY GDX UYM UCD RYE RSX DBE DBO </b> Markets might begin with an upswing at open, but lock in profits or trail with a very tight stop if and when you can.
I hope you were able to lock in some profits with any or all of the picks from above. I am holding only a very tiny amount, I sold most of my holds in the last 5 min yesterday. But this is looking good for a short term uptrend.
Sorry for not posting the last few days. This has become a day traders market. I have been trading individual stocks the last few days. Almost holding none over night. At some point the market is going to get oversold for a pull back. I take back my previous comment that the bigger companies were showing strength in the bounce, it is not the case, only low beaten down stocks seem to be the ones showing strength. Happy Treading, lock in profits when ever you can.
Wellington West suggests that poor performance in gold equities vs. physical gold is due partially to âthe introduction of more gold ETF products that saw a portion of the investment dollars flow away from gold equities.â In turn that this diversion is due to the âfalling tides lowers all boats theory.â Specifically: price drops in junior mining stocks are due to âcash calls on fund managers.â Market Data on Mining, Oil and Gas