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Yesterday’s technical look at ProShares Ultra Financials (UYG) didn’t help much, as it showed a slightly bullish bias going into a day that saw the market sell off again to the tune of -9% for the S&P; 500. It’s important to distinguish your time frames when trying to profit from this market. If you’re looking […]

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, […]