Author Archives: Jason Kelly

I’ve written a lot recently about ProShares Ultra Financials (UYG). It provides twice the return of the Dow Jones U.S. Financials Index. With UYG up 50% since last Friday, people are wondering if it’s too late to buy now. Let’s apply some technical analysis. Here are the top ten index holdings by weight: 8.1% JPMorgan […]

People keep writing to tell me why my bounce strategy of holding leveraged long ProShares, such as Ultra Financials (UYG), won’t work — and it keeps working. Ratchet stops higher as the rally continues. UYG is up 50% from last Friday’s base at around $8 to this morning’s low at $12. It’s already gone well […]

It’s rally time thanks to a coordinated global effort to inject liquidity directly into banks, and no matter whether you think it has legs or is just the latest upside fake-out, it makes for a profitable trade. I suggest as a trading vehicle, as I have for some time, the leveraged index ETFs. If you […]

Consider selling losing positions for tax write-offs next year, and then putting the proceeds into index ETFs or leveraged index ETFs. The move provides two benefits: You lower your taxable income next year You still ride a recovery in the market I’ll be providing details of this approach to Kelly Letter subscribers early next week, […]

We’re coming up on an unprecedented, fabulous, multi-asset buying opportunity. Here’s why: The stock market is undervalued, all sentiment and most technical measures are saying to buy, and some fine companies are on sale. The problem is that it’s been this way for the last couple of weeks and has kept plunging, frustrating all the […]