jmofield (< 20)

PowerShare Ultra ETF's (DDM,DIG,MVV,QLD,ROM,RXL,SAA,SSO,UCC,UGE,UKF,UKW,UPW,URE,USD,UVG,UVU,UXI,UYM

April 19, 2008 – Comments (0) | RELATED TICKERS: SAA , SSO , UCC

This stock was selected based upon one of the stock screening criteria that I have developed using the Vector Vest software. All of the stock selctions that are included in my portfolio are from several different screening criteria using Vector Vest. These screening criteria search for stocks to invest for both both long and short positions.

This long Ultra ETF trade was selected because it has recent shown price strength over the last several months and s trading above its 40 day, below or near its 115 day moving average but below it's 200 day moving average. Since it has shown recent strength, my taget price is for it to trade back to it's 200 day moving average with upside price target of approximately 5% above the 200 day moving average.

I am long all the PowerShare Ultra ETF's DDM,DIG,,MVV,QLD,ROM,RXL,SAA,SSO,UCC,UGE,UKF,UKK,UKW,UPW,URE,USD,UVG,UVU,UXI,UYM,
and short all the PowerShare Ultra Short ETF"s (DUG,DXD,EEV,MZZ,QID,RXD, SDS,SKF,SMN,SRS,TWM,at this time.
I prefer trading the PowerShare Ultra ETF's because their objective to return is most cases double the return of their underlying index. Great if your own the right side of the trade in either an up or down market

I use screening techniques I have developed using Vector Vest that provide disciplined timing criteria for either being long or short using the PowerShare ETF's. The results are trading ETF's as little as a couple of times annually or much as 4-6 times per year. In my opinion, ETF's are the best way to invest in the overall market.

In reviewing this information, please remember this post just reflects my opinion and should not be used for anything other than for entertainment purposes relating to MSN's contest. You should use your own judgement and seek appropriate advice for any investments