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Wagner's Daily For June 30 2009

Tue, 30 Jun 2009 11:55:00 GMT

Like the previous day, stocks meandered through another choppy, range-bound session of trading yesterday, but morning strength[More...]

Oil ETFs: Time to Invest in Anticipation of a Rebound in Oil Price?

Tue, 13 Jan 2009 19:24:00 GMT

Original Post on The Sun's Financial Diary Oil ETFs: Time to Invest in Anticipation of a Rebound in Oil Price? Last week, I talked about CGM Focus Fund (CGMFX) and how the fund was hammered after oil prices plunged. Currently traded around $37 a barrel, crude oil prices have lost more than $100 since last July. Even though the OPEC has pledged deep cut in oil production, demands for oil were hampered as global economies entered recession. Today, the Commerce Department reported the[More...]

The Wagner Daily - November 14, 2008

Fri, 14 Nov 2008 13:53:00 GMT

It was a wild day on Wall Street yesterday, as the main stock market indexes swung in a massive intraday range of 11% before posting some of their best gains of the year. After a brief morning rally attempt failed, stocks began drifting lower at mid-day,[More...]

Oil To $50 … Or $150?

Wed, 29 Oct 2008 15:15:00 GMT

When people ask me if I think crude oil is going to $50 or $150, I nod sagely and say: "Yes, probably." I'm not being flip. I'm simply giving both the short-term and the long-term timeframes. Short-term, crude oil is probably heading lower, even though it's nearly 60% ...[More...]

You Can Still Profit In A Bear Market Like This

Thu, 23 Oct 2008 18:19:00 GMT

Thursday, October 16, 2008: Issue #567 by Martin Denholm, Managing Editor, Smart Profits Report A bear market might actually be the best thing that's happened to your portfolio. If you can't quite wrap your mind around that concept, just read on... "The type of man she hated... was the type she wanted." That's a ... [More...]

Tremendous Reversal Rally Off Key Support Lows

Thu, 16 Oct 2008 23:02:00 GMT

The indices formed what looked like inverse head and shoulder patterns, and then after a mid-afternoon consolidation exploded higher.[More...]

Dow Reverses 860 Points Higher In 40 Minutes, But Indices Still Close Slightly Lower

Sat, 11 Oct 2008 00:00:00 GMT

Another historical day and probably one of the most volatile days I've ever seen, including a late historical rally as well.[More...]

Sharp Sell-Off Ahead Of House Vote

Fri, 03 Oct 2008 00:40:00 GMT

The stock market indices had an extremely negative session, testing Monday's lows and taking them out nominally, closing below them on the Nasdaq 100 and just above them on the S&P 500.[More...]

ETF Screener: Pop, Pop Goes Oil And the Oil Goes Pop!

Thu, 02 Oct 2008 15:55:00 GMT

In the middle of all this bailout and will they or won’t they pass it hoopla, another bubble might have quietly popped: OIL. When oil was running rampant it was covered 24/7 by our concerned press. Today there is hardly a peep.During our weekly ETF Screener analysis, we noticed one oil related ETF chart after another displaying a major sell signal, the short-term moving averages crossing under the longer-term averages. We realize oil is down nearly $50 from its highs, but the stocks in these sectors are acting like they expect much lower prices to come. When a bubble pops, as we have seen twice this decade with tech and housing, things can get real ugly. It’s not ugly for oil yet.Aggressive investors looking to profit from a further deterioration in black gold’s price should invest in ProShares Short Oil & Gas (DDG) or for twice the fun ProShares Ultra[More...]

Not To Be Trusted, Dead Cat Bounce Tuesday

Tue, 30 Sep 2008 14:03:00 GMT

Yesterday was the worst day for the energy groups I can recall. I was also the point drop leader for the Dow, S&P 500 and I think the third worst day for the Nasdaq. A quick summary goes something like, assurances Sunday night that the two sides of the House of Representatives had come together (...)[More...]

ProShares Launches First and Only Short and Leveraged ETFs for the Russell 3000®

Thu, 02 Jul 2009 13:59:00 GMT

ProFunds Group, the world’s largest manager of short and leveraged funds1, announced today that it is launching the first ETFs built to provide short and leveraged exposure to the Russell 3000® Index. ProShares Ultra Russell3000 (UWC) is built to produce 200% of the performance of the Russell 3000 Index for a single day, while ProShares UltraShort Russell3000 (TWQ) is built to produce 200% of the inverse performance of the Russell 3000 Index for a single day.[More...]

ProShares Launches First ETFs to Provide Triple Exposure to S&P 500®

Thu, 25 Jun 2009 14:13:00 GMT

ProFunds Group, the world’s largest manager of short and leveraged funds1, announced today that it is launching the first ETFs designed to seek triple exposure to the S&P 500 on a daily basis. ProShares UltraPro S&P500 (UPRO) seeks 300% of the performance of the S&P 500 for a single day, while ProShares UltraPro Short S&P500 (SPXU) seeks 300% of the inverse performance of the S&P 500 for a single day (before fees and expenses). The new ETFs will be listed on NYSE Arca today.[More...]

ProShares ETFs Declare Distributions

Mon, 22 Dec 2008 21:01:00 GMT

ProFunds Group, the world’s largest manager of short and leveraged funds,1 has announced fourth quarter income dividend distribution declarations for its ProShares ETFs. The firm expects dividend distributions for 52 of its 76 ETFs. Capital gain distributions for 35 of the firm’s ETFs were announced earlier today. The amounts to be distributed per share are listed below.[More...]

ProShares Launches First Short and First Leveraged ETFs Tracking Gold or Silver

Wed, 03 Dec 2008 11:27:00 GMT

ProFunds Group, the world’s largest manager of short and leveraged funds,1 announced today that it is launching the first exchange traded funds in the United States to provide short or leveraged exposure to gold or silver. The four new ETFs will begin trading on the NYSE Arca today. They join a line-up of four other Commodities ProShares that launched last week.[More...]

ProShares Launches 12 New ETFs; First Short and First Leveraged ETFs Tracking Commodities, Euro, Yen

Tue, 25 Nov 2008 11:26:00 GMT

ProFunds Group, the world's largest manager of short and leveraged funds,1 announced today that it is launching the first exchange traded funds in the United States to provide short exposure or to provide leveraged exposure to commodities or to the Euro and the Yen. ProShares benchmarked to broad commodities and crude oil indexes and to the Euro and Yen will begin trading on the NYSE Arca today. ProShares benchmarked to gold and silver are expected to begin trading in the next few weeks.[More...]

ProShares to Transfer Securities from American Stock Exchange to NYSE Arca in Connection with NYSE Euronext's Acquisition of Amex

Thu, 02 Oct 2008 20:25:00 GMT

ProShares announced today that the listing of the following 64 ProShares exchange-traded funds currently listed on the American Stock Exchange (Amex) will be transferred to NYSE Arca in the fourth quarter following the recent close of NYSE Euronext's acquisition of the Amex:[More...]

ProShares ETFs Cross $20 Billion in Assets After Two Years in Business

Tue, 24 Jun 2008 11:27:00 GMT

ProShares announced today, two years after launching the nation's first leveraged and first short exchange traded funds, that the firm's net assets had exceeded $20 billion2. ProShares is the fifth largest ETF provider in the country3 and the seventh largest in the world4. This year, ProShares ranks second among all U.S. ETF families in net flows5.[More...]

ProShares Launches Two Additional Short ETFs in Energy and Financial Sectors

Thu, 12 Jun 2008 11:30:00 GMT

With oil prices near records and the financial sector roiled by sub-prime troubles and the threat of recession, many investors have been looking for ways to benefit from — or protect against — volatility in these sectors. The rapid growth of two ProShares offering short, leveraged exposure to these sectors underscores this investor interest: UltraShort Oil & Gas ProShares has attracted $2.3 billion in net flows year to date and UltraShort Financials ProShares has attracted $1 billion.[More...]