I have been informed about several new Inverse Short Index shares . There are not ETFs but ETN, product very similar to ETF.
One of them is Crude Oil short strategy share:
PowerShares DB Crude Oil Double Short ETN - Symbol: DTO
I do not think that it is time to short Crude right now, but I will have this stock prepared for possible shorts when current rally in Crude will start to correct down.
I just noticed two new Short ETFs by ProShares which allow to participate on decline in Bonds price:
1. UltraShort Lehman 7-10 Year Treasury , symbol PST
2. UltraShort Lehman 20+ Year Treasury, symbol TBT
As you may know from my free newsletter, I am bearish on bonds . I planned to short TLT or other bonds ETF , but these new Short ETFs offer easier possibility to go short in bonds.
I was informed by one of my readers that my blog is not readable in Internet Explorer. I did not noticed it as I use only Firefox web browser. My mistake. I am sorry to all of you.
I found problem in coding of web pages and corrected it. Everything should work now. But if you will notice any problem in the future, I will be pleased if you will contact me and let me know about it again.
Thank you for your patience.
I recommend to have min. two computers. Read this my actual story and you will see why.
I had technical problems with my main stock trading computer. It happened on Friday and it forced me to reinstall whole computer. It took me 2 days to have my main stock trading computer complete prepared again. During this process I found great solution how to reinstall whole hard disk in a few minutes. So next time it should be easier. I will describe it all in some future post.
But this situation helped me to test my backup solution for entering and management of my trades. I use two computers in my trading home office. I have my main trading notebook and second PC. Second PC I use for monitoring other markets (commodities, Forex) and also for separate stock analysis and another (office) work. I also have installed there my stock trading software for backup.
And as my main computer was not usable, I used my second PC and software installed there. I found that I had to make some layout changes to have it set the same way as on my main trading notebook. But after then I was able to log into software and use it the same way as on my main trading computer. So my backup works!
I recommend to you to have backup solution for your trading computer. You will need it sometimes in your trading carrier.
Stock markets are not in good position for new strong rally. They are much more poised for further declines.
But every decline will have correction moves up. Now could be time for such small move up. This move up could be used to go long with some very strong stocks. I noticed these 3 biotechnology stocks which are looking very well: GILD, GENZ and MATK. I am thinking about entering long swing trades and also position trades in these stocks
Btw. Nice drop today was in consumer services ETF (XLY) I mentioned in previous post…
I would like to notify you that I decided to write stock and ETF trading newsletter.
It has to cover my thought and simple stock trading ideas for stocks and ETFs much deeper then short messages published in my blog.
I will be very pleased if you will find info published in this my free stock trading newsletter useful. I will be also pleased if you will send me your comments about content, what you want to read and also questions you want to have answered.
I plan to publish it bi-weekly, every first and third Monday in a month.
So, if you want, you can subscribe to this newsletter on this web page with newsletter description (you can click to FREE newsletter menu item on the left of this blog page)
Also feel free to send me any idea you can have regarding this my newsletter.
I would like to wish you happy Holidays.
I will continue with my stock trading blog commentary by beginning of next year.
I added few pages about ETF and ETF trading to my web site some time ago. Did you read it already ? I use ETF intensively for stock sector analysis and stock market analysis. Do you use them too ? Let me know what do you want to read about ETF Trading , ETF Investing, ETF position trading, ETF analysis and so. I will try to prepare some info and will publish it on my pages.
Today I used free time after lunch when my son sleeps to read my notes from book ” Beyond Candlesticks: New Japanese Charting Techniques Revealed” . I bought this book several years ago and this is very important book in my traders library. I made notes and read them really every year once or more to memorize what I read.
I think this book is “must read” and “must have” for every serious technical trader .
Details about book you can find on my web site.
Yes, I think that current downtrend move is near end. I noticed during stock market sector analysis that a lot of SP500 sectors are on supports or they are going to move up for small correction move. So I feel that risk reward ratio is now much more in favor of long trades.
But it is necessary to be very selective. I personally want to see really strong stock for new long trade. Like FPL or CL . I entered stock swing long trade in both of them on Friday.
I prepared swing stock trade setups for long trades for Monday in these symbols: ALXN, MON, PEP and EOG. All of them are really strong stocks in current stock market situation.
Here is chart for MON:
