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Wednesday, July 15, 2009
The Next Crash In Stocks Is Coming Soon
Stocks were pulled up the hill on Wednesday on the flimsiest of excuses, but the ploy was extremely effective in convincing the herd that the all-clear had been given. Terry Laundry posted an update on his blog that a new intermediate advance had begun, in fact. This is how the market takes few prisoners. Internally, the market was sick, sick, sick, but who looks at internals? The herd certainly doesn't.
One can think of this market as akin to a professional high diver who climbs a tall ladder to reach the top platform from which to launch a spectacular dive. Hopefully, they remembered to fill the pool with water. :)
There is no fundamental or technical justification for this rally. In fact, it's very much like the rally out of September 2001, built on hope alone. Eventually, the gains were all given back and the market plunged to lower lows over the next two years.
Of course, traders don't really care whether stocks are incredibly overvalued because they can get even more overvalued before they top out. So, with our trading indicators showing the path of least resistance was still up on Wednesday, that's the path we followed.
Herd On The Street
Change From 20 Jan 2009 and 14 Jul 2009 To 15 Jul 2009| Security | Percentage Change From 20 Jan 2009 | Percentage Change From 14 Jul 2009 | Change in Dow Jones Industrial Average Points |
|---|---|---|---|
| Dow Jones Industrial Average (index) | +8.39% | +3.07% | +256.72 |
| DIAMONDS TRUST SERIES 1 (DIA) | +8.55% | +3.04% | +253.80 |
| ULTRA DOW30 PROSHARES (DDM) | +13.72% | +6.25% | +522.28 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -28.45% | -6.15% | -514.11 |
| S&P 500 (index) | +15.72% | +2.50% | +209.11 |
| S&P SPDRS (SPY) | +15.75% | +2.92% | +244.48 |
| ULTRA S&P500 PROSHARES (SSO) | +27.80% | +5.61% | +469.37 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -38.73% | -5.90% | -493.56 |
| NYSE Composite (index) | +18.49% | +3.23% | +270.10 |
| ISHARES NYSE COMPOSITE INDEX (NYC) | +18.71% | +3.17% | +265.26 |
| S&P SmallCap 600 (index) | +19.09% | +3.66% | +306.17 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +29.54% | +7.45% | +622.78 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -23.97% | -3.76% | -314.24 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -47.21% | -7.07% | -591.20 |
| Russell 2000 (index) | +18.89% | +3.85% | +322.12 |
| ISHARES RUSSELL 2000 INDEX (IWM) | +18.76% | +3.85% | +322.23 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +27.93% | +7.20% | +601.70 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -48.41% | -7.75% | -647.96 |
| NASDAQ-100 (index) | +31.90% | +1.78% | +148.46 |
| POWERSHARES QQQ (QQQQ) | +32.05% | +3.36% | +280.83 |
| ULTRA QQQ PROSHARES (QLD) | +64.63% | +6.66% | +556.39 |
| ULTRASHORT QQQ PROSHARES (QID) | -51.09% | -6.48% | -541.94 |
| S&P MidCap 400 (index) | +19.89% | +3.08% | +257.74 |
| ISHARES S&P MIDCAP 400 INDEX (IJH) | +20.02% | +2.98% | +248.92 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +33.35% | +6.21% | +519.20 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -46.23% | -6.23% | -521.14 |
| GREENHAVEN CONTINUOUS COMMODITY (GCC) | +7.05% | +1.61% | +134.29 |
| Amex Gold (index) | +24.32% | +4.55% | +380.01 |
| MV GOLD MINERS ETF (GDX) | +24.00% | +4.16% | +347.93 |
| SPDR GOLD SHARES (GLD) | +9.13% | +1.57% | +131.64 |
| ULTRA GOLD PROSHARES (UGL) | +12.90% | +3.00% | +251.09 |
| ULTRASHORT GOLD PROSHARES (GLL) | -25.16% | -2.94% | -245.55 |
| IPATH DJ AIG PLATINUM TR SUB-IDX (PGM) | +21.02% | +2.08% | +174.22 |
| PS DB GOLD DOUBLE SHORT ETN (DZZ) | -19.88% | -3.07% | -256.74 |
| PS DB GOLD DOUBLE LONG ETN (DGP) | +15.87% | +3.07% | +256.56 |
| ULTRA SILVER PROSHARES (AGQ) | +27.71% | +5.53% | +462.37 |
| ULTRASHORT SILVER PROSHARES (ZSL) | -44.98% | -5.89% | -492.22 |
| Semiconductor Sector (index) | +41.27% | +2.08% | +173.87 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +96.79% | +11.12% | +929.29 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -65.82% | -10.64% | -889.57 |
| ISHARES DJ US FINANCIAL SECTOR (IYF) | +39.28% | +3.64% | +304.67 |
| ISHARES 20+ YEAR TREAS BOND (TLT) | -19.78% | -2.57% | -214.98 |
| ISHARES 7-10 YEAR TREASURY (IEF) | -7.85% | -1.29% | -108.14 |
| ISHARES AGGREGATE BOND (AGG) | -1.17% | -0.65% | -54.63 |
| ISHARES IBOXX $ INVEST GRADE COR (LQD) | -0.41% | -0.92% | -77.26 |
| ISHARES 1-3 YEAR TREASURY BOND (SHY) | -1.08% | -0.24% | -19.94 |
| ProShares ETFs | |||
| ProShares Ultra Russell3000 (UWC) | · | +5.27% | +440.77 |
| ULTRASHORT 7-10 YEAR TREASURY PR (PST) | +7.30% | +2.01% | +168.39 |
| ULTRASHORT 20+ YEAR TREASURY PRO (TBT) | +31.89% | +5.06% | +422.68 |
| SHORT QQQ PROSHARES (PSQ) | -28.47% | -3.39% | -283.32 |
| SHORT DOW30 PROSHARES (DOG) | -13.55% | -3.07% | -256.41 |
| SHORT S&P500 PROSHARES (SH) | -19.64% | -2.93% | -245.24 |
| SHORT MIDCAP400 PROSHARES (MYY) | -23.87% | -3.06% | -255.82 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -23.97% | -3.76% | -314.24 |
| SHORT RUSSELL2000 PROSHARES (RWM) | -24.68% | -3.72% | -310.94 |
| ULTRASHORT QQQ PROSHARES (QID) | -51.09% | -6.48% | -541.94 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -28.45% | -6.15% | -514.11 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -38.73% | -5.90% | -493.56 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -46.23% | -6.23% | -521.14 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -47.21% | -7.07% | -591.20 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -48.41% | -7.75% | -647.96 |
| ULTRASHORT RUSSELL1000 VALUE PRO (SJF) | -39.01% | -6.76% | -565.15 |
| ULTRASHORT RUSSELL1000 GROWTH PR (SFK) | -41.50% | -5.29% | -442.31 |
| ULTRASHORT RUSSELL MIDCAP VAL PR (SJL) | -49.33% | -7.16% | -598.69 |
| ULTRASHORT RUSSELL MIDCAP GR PRO (SDK) | -50.70% | -5.24% | -438.24 |
| ULTRASHORT RUSSELL2000 VALUE PRO (SJH) | -46.51% | -8.07% | -674.42 |
| ULTRASHORT RUSSELL2000 GROWTH PR (SKK) | -57.53% | -6.32% | -528.22 |
| ULTRASHORT BASIC MATERIALS PROSH (SMN) | -58.65% | -9.03% | -754.65 |
| ULTRASHORT CONSUMER GOODS PROSHA (SZK) | -27.59% | -4.55% | -380.28 |
| ULTRASHORT CONSUMER SERVICES PRO (SCC) | -37.42% | -4.94% | -412.85 |
| ULTRASHORT FINANCIALS PROSHARES (SKF) | -80.45% | -7.65% | -639.53 |
| ULTRASHORT HEALTH CARE PROSHARES (RXD) | -18.46% | -1.81% | -151.52 |
| ULTRASHORT INDUSTRIALS PROSHARES (SIJ) | -37.49% | -6.78% | -566.65 |
| ULTRASHORT OIL & GAS PROSHARES (DUG) | -32.14% | -6.65% | -555.65 |
| ULTRASHORT REAL ESTATE PROSHARES (SRS) | -73.36% | -7.23% | -604.10 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -65.82% | -10.64% | -889.57 |
| ULTRASHORT TECHNOLOGY PROSHARES (REW) | -57.16% | -8.55% | -714.47 |
| ULTRASHORT UTILITIES PROSHARES (SDP) | -31.17% | -4.29% | -358.26 |
| SHORT MSCI EMERGING MKTS PROSHAR (EUM) | -43.10% | -5.41% | -452.41 |
| SHORT MSCI EAFE PROSHARES (EFZ) | -27.35% | -3.39% | -283.05 |
| ULTRASHORT MSCI EAFE PROSHARES (EFU) | -50.70% | -6.82% | -569.85 |
| ULTRASHORT MSCI EMERGING MKTS PR (EEV) | -70.99% | -10.83% | -905.48 |
| ULTRASHORT MSCI JAPAN PROSHARES (EWV) | -32.01% | -2.79% | -233.07 |
| ULTRASHORT FTSE/XINHUA CHINA25 P (FXP) | -76.76% | -8.93% | -746.74 |
| ULTRA QQQ PROSHARES (QLD) | +64.63% | +6.66% | +556.39 |
| ULTRA DOW30 PROSHARES (DDM) | +13.72% | +6.25% | +522.28 |
| ULTRA S&P500 PROSHARES (SSO) | +27.80% | +5.61% | +469.37 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +33.35% | +6.21% | +519.20 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +29.54% | +7.45% | +622.78 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +27.93% | +7.20% | +601.70 |
| ULTRA RUSSELL1000 VALUE PROSHARE (UVG) | +17.65% | +6.41% | +536.08 |
| ULTRA RUSSELL1000 GROWTH PROSHAR (UKF) | +40.01% | +5.58% | +466.59 |
| ULTRA RUSSELL MIDCAP VALUE PROSH (UVU) | +22.72% | +6.90% | +576.52 |
| ULTRA RUSSELL MIDCAP GROWTH PROS (UKW) | +46.35% | +4.66% | +389.80 |
| ULTRA RUSSELL2000 VALUE PROSHARE (UVT) | +14.90% | +8.18% | +683.90 |
| ULTRA RUSSELL2000 GROWTH PROSHAR (UKK) | +43.03% | +6.89% | +576.09 |
| ULTRA BASIC MATERIALS PROSHARES (UYM) | +48.95% | +8.63% | +721.79 |
| ULTRA CONSUMER GOODS PROSHARES (UGE) | +20.90% | +4.90% | +409.96 |
| ULTRA CONSUMER SERVICES PROSHARE (UCC) | +26.62% | +4.45% | +371.88 |
| ULTRA FINANCIALS PROSHARES (UYG) | +49.08% | +7.67% | +641.34 |
| ULTRA HEALTH CARE PROSHARES (RXL) | +8.25% | +2.10% | +175.64 |
| ULTRA INDUSTRIALS PROSHARES (UXI) | +11.65% | +6.92% | +578.22 |
| ULTRA OIL & GAS PROSHARES (DIG) | +5.31% | +7.01% | +585.96 |
| ULTRA REAL ESTATE PROSHARES (URE) | -10.55% | +7.88% | +658.63 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +96.79% | +11.12% | +929.29 |
| ULTRA TECHNOLOGY PROSHARES (ROM) | +80.94% | +8.45% | +706.21 |
| ULTRA UTILITIES PROSHARES (UPW) | -1.05% | +3.99% | +333.59 |
| Other ETFs | |||
| PS NASDAQ INTERNET (PNQI) | +59.22% | +4.18% | +349.60 |
| PS DB BASE METALS DBLE SHRT ETN (BOM) | -45.30% | -7.35% | -614.20 |
| PS DB BASE METALS DBLE LONG ETN (BDD) | +62.57% | +6.81% | +569.25 |
| PS DB BASE METALS SHORT ETN (BOS) | -24.54% | -4.03% | -337.10 |
| PS DB BASE METALS LONG ETN (BDG) | +26.23% | +2.95% | +246.48 |
| PS DB CRUDE OIL DBLE SHORT ETN (DTO) | -50.12% | -5.58% | -466.28 |
| PS DB CRUDE OIL SHORT ETN (SZO) | -24.00% | -3.02% | -252.67 |
| PS DB CRUDE OIL DBLE LONG ETN (DXO) | +50.81% | +8.41% | +702.68 |
| PS DB CRUDE OIL LONG ETN (OLO) | +24.95% | +3.80% | +317.74 |
| IPATH S&P GSCI CRUDE OIL TTL RET (OIL) | +15.26% | +4.57% | +381.78 |
| IPATH DJ AIG NATURAL GAS TR SUB- (GAZ) | -40.22% | -3.67% | -307.13 |
| IPATH DJ AIG ENERGY TR SUB-IDX E (JJE) | -3.13% | +2.71% | +226.43 |
| MV AGRIBUSINESS ETF (MOO) | +33.72% | +3.59% | +300.16 |
| PS GLOBAL AGRICULTURE (PAGG) | +35.14% | +3.00% | +250.58 |
| PS DB AGRICULTURE (DBA) | -2.05% | -0.04% | -3.42 |
| IPATH DJ AIG AGRICULTURE TR SUB- (JJA) | +0.10% | +0.30% | +25.36 |
| ELEMENTS ROGERS INTL COMMODITY A (RJA) | -1.24% | +0.14% | +11.71 |
| IPATH DJ AIG COFFEE TR SUB-IDX E (JO) | -2.12% | +3.20% | +267.31 |
| IPATH DJ AIG COCOA TR SUB-IDX ET (NIB) | +8.21% | -0.45% | -37.74 |
| IPATH DJ AIG COTTON TR SUB-IDX E (BAL) | +16.33% | -1.97% | -164.66 |
| IPATH DJ AIG SUGAR TR SUB-IDX ET (SGG) | +25.09% | +0.17% | +14.08 |
| IPATH DJ AIG ALUMINUM TR SUB-IDX (JJU) | +11.99% | +3.24% | +270.71 |
| IPATH DJ AIG GRAINS TR SUB-IDX E (JJG) | -7.34% | -1.41% | -117.74 |
| IPATH DJ AIG COPPER TR SUB-IDX E (JJC) | +59.74% | +4.50% | +376.15 |
| IPATH DJ AIG LEAD TR SUB-IDX ETN (LD) | +37.69% | +1.75% | +146.38 |
| IPATH DJ AIG NICKEL TR SUB-IDX E (JJN) | +43.48% | +3.04% | +253.86 |
| PS DB US DOLLAR INDEX BULLISH (UUP) | -9.57% | -0.96% | -80.58 |
| PS DB US DOLLAR INDEX BEARISH (UDN) | +9.00% | +0.93% | +78.07 |
| MacroShares Major Metro Housing Up (UMM) | · | +2.52% | +210.74 |
| MacroShares Major Metro Housing Down (DMM) | · | -1.72% | -144.09 |
| 300% Leverage ETFs | |||
| DIREXION DAILY 10 YR TRSY BULL 3 (TYD) | · | -4.47% | -373.81 |
| DIREXION DAILY 10 YR TRSY BEAR 3 (TYO) | · | +4.43% | +370.06 |
| DIREXION DAILY 30 YR TRSY BULL 3 (TMF) | · | -8.30% | -693.55 |
| DIREXION DAILY 30 YR TRSY BEAR 3 (TMV) | · | +8.20% | +685.36 |
| DIREXION DAILY LARGE CAP BULL 3X (BGU) | +34.76% | +8.70% | +727.59 |
| DIREXION DAILY LARGE CAP BEAR 3X (BGZ) | -57.31% | -8.63% | -721.32 |
| DIREXION DAILY MID CAP BULL 3X S (MWJ) | +38.83% | +9.27% | +774.86 |
| DIREXION DAILY MID CAP BEAR 3X S (MWN) | -28.81% | -8.92% | -745.66 |
| DIREXION DAILY SMALL CAP BULL 3X (TNA) | +26.79% | +11.27% | +941.91 |
| DIREXION DAILY SMALL CAP BEAR 3X (TZA) | -68.05% | -11.30% | -944.32 |
| DIREXION DAILY ENERGY BULL 3X SH (ERX) | -7.78% | +10.43% | +871.61 |
| DIREXION DAILY ENERGY BEAR 3X SH (ERY) | -49.20% | -10.76% | -899.48 |
| DIREXION DAILY FINANCIAL BULL 3X (FAS) | +27.16% | +11.34% | +947.81 |
| DIREXION DAILY FINANCIAL BEAR 3X (FAZ) | -95.28% | -11.19% | -935.18 |
| DIREXION DAILY TECHNOLOGY BULL 3 (TYH) | +124.23% | +12.69% | +1060.75 |
| DIREXION DAILY TECHNOLOGY BEAR 3 (TYP) | -74.73% | -12.88% | -1076.92 |
| DIREXION DAILY DEVLPD MRKTS BULL (DZK) | +59.71% | +10.57% | +883.41 |
| DIREXION DAILY DEVLPD MRKTS BEAR (DPK) | -68.48% | -10.01% | -836.45 |
| DIREXION DAILY EMRG MRKTS BULL 3 (EDC) | +158.63% | +15.21% | +1271.27 |
| DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ) | -86.69% | -15.75% | -1316.94 |
| PROSHARES (UPRO) | · | +8.55% | +714.68 |
| PROSHARES (SPXU) | · | -8.76% | -732.67 |
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· Quarter-Hourly Chart Comments
· Detailed Comments . . . .
Tuesday, July 14, 2009
Market Running on Fumes
As options wind down toward expiration Friday, sentiment has ping-ponged from bullish to bearish and back to bullish once again. Each time the herd swings to a new extreme, the market swings away from them. If they keep this up, they're going to have motion sickness.
July options expire on Friday. Last week, it was calls that were being hammered into nothingness. This is how the market removes value from options, one swing at a time. The more things change, the more they stay exactly the same. The straddle writers are making out like bandits, as they usually do.
In terms of valuation, the market remains incredibly overvalued. How much, you say. Well, let's just say that another 50% decline in market prices might start to make things look interesting. Will it happen? Yes, of course, eventually.
Herd On The Street
The herd is overly-bullish now, so it's time for the market to turn again:
Change From 20 Jan 2009 and 13 Jul 2009 To 14 Jul 2009
| Security | Percentage Change From 20 Jan 2009 | Percentage Change From 13 Jul 2009 | Change in Dow Jones Industrial Average Points |
|---|---|---|---|
| Dow Jones Industrial Average (index) | +5.16% | +0.33% | +27.81 |
| DIAMONDS TRUST SERIES 1 (DIA) | +5.35% | +0.42% | +35.00 |
| ULTRA DOW30 PROSHARES (DDM) | +7.03% | +0.57% | +47.87 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -23.76% | -0.99% | -82.86 |
| S&P 500 (index) | +12.89% | +1.01% | +84.06 |
| S&P SPDRS (SPY) | +12.46% | +0.57% | +47.16 |
| ULTRA S&P500 PROSHARES (SSO) | +21.00% | +1.16% | +96.65 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -34.89% | -1.27% | -106.15 |
| NYSE Composite (index) | +14.78% | +0.77% | +63.93 |
| ISHARES NYSE COMPOSITE INDEX (NYC) | +15.06% | +1.22% | +101.34 |
| S&P SmallCap 600 (index) | +14.88% | +0.89% | +74.51 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +20.55% | +1.78% | +148.40 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -21.00% | -0.96% | -79.58 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -43.19% | -1.30% | -108.37 |
| Russell 2000 (index) | +14.48% | +0.64% | +53.03 |
| ISHARES RUSSELL 2000 INDEX (IWM) | +14.35% | +0.59% | +49.05 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +19.34% | +1.79% | +149.11 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -44.07% | -1.51% | -125.73 |
| NASDAQ-100 (index) | +29.60% | +1.89% | +157.74 |
| POWERSHARES QQQ (QQQQ) | +27.75% | +0.37% | +30.43 |
| ULTRA QQQ PROSHARES (QLD) | +54.36% | +0.71% | +59.51 |
| ULTRASHORT QQQ PROSHARES (QID) | -47.70% | -0.93% | -77.52 |
| S&P MidCap 400 (index) | +16.31% | +0.82% | +68.39 |
| ISHARES S&P MIDCAP 400 INDEX (IJH) | +16.55% | +0.80% | +66.99 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +25.55% | +1.63% | +135.61 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -42.65% | -1.65% | -137.06 |
| GREENHAVEN CONTINUOUS COMMODITY (GCC) | +5.36% | +1.40% | +116.87 |
| Amex Gold (index) | +18.92% | +2.20% | +183.34 |
| MV GOLD MINERS ETF (GDX) | +19.04% | +2.31% | +192.47 |
| SPDR GOLD SHARES (GLD) | +7.44% | +0.69% | +57.27 |
| ULTRA GOLD PROSHARES (UGL) | +9.61% | +1.29% | +107.54 |
| ULTRASHORT GOLD PROSHARES (GLL) | -22.90% | -1.42% | -117.95 |
| IPATH DJ AIG PLATINUM TR SUB-IDX (PGM) | +18.55% | +1.22% | +101.76 |
| PS DB GOLD DOUBLE SHORT ETN (DZZ) | -17.35% | -1.29% | -107.16 |
| PS DB GOLD DOUBLE LONG ETN (DGP) | +12.42% | +1.35% | +112.30 |
| ULTRA SILVER PROSHARES (AGQ) | +21.01% | +1.14% | +95.07 |
| ULTRASHORT SILVER PROSHARES (ZSL) | -41.54% | -1.16% | -96.97 |
| Semiconductor Sector (index) | +38.39% | +3.97% | +330.46 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +77.10% | +3.50% | +291.38 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -61.75% | -3.40% | -283.11 |
| ISHARES DJ US FINANCIAL SECTOR (IYF) | +34.38% | +0.02% | +1.98 |
| ISHARES 20+ YEAR TREAS BOND (TLT) | -17.66% | -1.66% | -138.44 |
| ISHARES 7-10 YEAR TREASURY (IEF) | -6.64% | -0.66% | -55.34 |
| ISHARES AGGREGATE BOND (AGG) | -0.52% | -0.30% | -25.12 |
| ISHARES IBOXX $ INVEST GRADE COR (LQD) | +0.52% | -0.22% | -18.18 |
| ISHARES 1-3 YEAR TREASURY BOND (SHY) | -0.84% | -0.07% | -5.96 |
| ProShares ETFs | |||
| ProShares Ultra Russell3000 (UWC) | · | +1.63% | +135.69 |
| ULTRASHORT 7-10 YEAR TREASURY PR (PST) | +5.18% | +1.52% | +126.26 |
| ULTRASHORT 20+ YEAR TREASURY PRO (TBT) | +25.54% | +3.28% | +273.64 |
| SHORT QQQ PROSHARES (PSQ) | -25.96% | -0.26% | -21.78 |
| SHORT DOW30 PROSHARES (DOG) | -10.81% | -0.30% | -24.74 |
| SHORT S&P500 PROSHARES (SH) | -17.21% | -0.64% | -53.55 |
| SHORT MIDCAP400 PROSHARES (MYY) | -21.47% | -0.81% | -67.44 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -21.00% | -0.96% | -79.58 |
| SHORT RUSSELL2000 PROSHARES (RWM) | -21.77% | -0.79% | -65.48 |
| ULTRASHORT QQQ PROSHARES (QID) | -47.70% | -0.93% | -77.52 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -23.76% | -0.99% | -82.86 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -34.89% | -1.27% | -106.15 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -42.65% | -1.65% | -137.06 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -43.19% | -1.30% | -108.37 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -44.07% | -1.51% | -125.73 |
| ULTRASHORT RUSSELL1000 VALUE PRO (SJF) | -34.58% | -1.47% | -122.20 |
| ULTRASHORT RUSSELL1000 GROWTH PR (SFK) | -38.23% | -1.00% | -83.20 |
| ULTRASHORT RUSSELL MIDCAP VAL PR (SJL) | -45.42% | -1.49% | -124.40 |
| ULTRASHORT RUSSELL MIDCAP GR PRO (SDK) | -47.98% | -1.95% | -162.39 |
| ULTRASHORT RUSSELL2000 VALUE PRO (SJH) | -41.81% | -1.78% | -148.54 |
| ULTRASHORT RUSSELL2000 GROWTH PR (SKK) | -54.66% | -2.04% | -170.32 |
| ULTRASHORT BASIC MATERIALS PROSH (SMN) | -54.55% | -2.10% | -174.93 |
| ULTRASHORT CONSUMER GOODS PROSHA (SZK) | -24.14% | -1.79% | -149.16 |
| ULTRASHORT CONSUMER SERVICES PRO (SCC) | -34.17% | -2.19% | -182.25 |
| ULTRASHORT FINANCIALS PROSHARES (SKF) | -78.83% | -0.05% | -3.95 |
| ULTRASHORT HEALTH CARE PROSHARES (RXD) | -16.96% | -0.94% | -77.98 |
| ULTRASHORT INDUSTRIALS PROSHARES (SIJ) | -32.94% | -2.61% | -217.82 |
| ULTRASHORT OIL & GAS PROSHARES (DUG) | -27.31% | -3.10% | -258.38 |
| ULTRASHORT REAL ESTATE PROSHARES (SRS) | -71.28% | -2.10% | -175.24 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -61.75% | -3.40% | -283.11 |
| ULTRASHORT TECHNOLOGY PROSHARES (REW) | -53.16% | -0.64% | -53.02 |
| ULTRASHORT UTILITIES PROSHARES (SDP) | -28.09% | -1.94% | -161.42 |
| SHORT MSCI EMERGING MKTS PROSHAR (EUM) | -39.84% | -0.99% | -82.84 |
| SHORT MSCI EAFE PROSHARES (EFZ) | -24.80% | -0.51% | -42.16 |
| ULTRASHORT MSCI EAFE PROSHARES (EFU) | -47.09% | -1.36% | -113.57 |
| ULTRASHORT MSCI EMERGING MKTS PR (EEV) | -67.46% | -1.88% | -156.92 |
| ULTRASHORT MSCI JAPAN PROSHARES (EWV) | -30.06% | +0.42% | +35.35 |
| ULTRASHORT FTSE/XINHUA CHINA25 P (FXP) | -74.49% | -3.66% | -304.59 |
| ULTRA QQQ PROSHARES (QLD) | +54.36% | +0.71% | +59.51 |
| ULTRA DOW30 PROSHARES (DDM) | +7.03% | +0.57% | +47.87 |
| ULTRA S&P500 PROSHARES (SSO) | +21.00% | +1.16% | +96.65 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +25.55% | +1.63% | +135.61 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +20.55% | +1.78% | +148.40 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +19.34% | +1.79% | +149.11 |
| ULTRA RUSSELL1000 VALUE PROSHARE (UVG) | +10.56% | +1.56% | +130.01 |
| ULTRA RUSSELL1000 GROWTH PROSHAR (UKF) | +32.61% | +0.79% | +65.55 |
| ULTRA RUSSELL MIDCAP VALUE PROSH (UVU) | +14.81% | +3.35% | +279.11 |
| ULTRA RUSSELL MIDCAP GROWTH PROS (UKW) | +39.83% | +2.28% | +190.04 |
| ULTRA RUSSELL2000 VALUE PROSHARE (UVT) | +6.21% | +1.48% | +123.52 |
| ULTRA RUSSELL2000 GROWTH PROSHAR (UKK) | +33.81% | +1.84% | +153.45 |
| ULTRA BASIC MATERIALS PROSHARES (UYM) | +37.11% | +1.74% | +145.35 |
| ULTRA CONSUMER GOODS PROSHARES (UGE) | +15.25% | +1.64% | +136.89 |
| ULTRA CONSUMER SERVICES PROSHARE (UCC) | +21.23% | +2.87% | +239.32 |
| ULTRA FINANCIALS PROSHARES (UYG) | +38.46% | -0.79% | -65.60 |
| ULTRA HEALTH CARE PROSHARES (RXL) | +6.02% | +0.86% | +71.58 |
| ULTRA INDUSTRIALS PROSHARES (UXI) | +4.42% | +2.25% | +187.28 |
| ULTRA OIL & GAS PROSHARES (DIG) | -1.59% | +2.60% | +216.27 |
| ULTRA REAL ESTATE PROSHARES (URE) | -17.09% | +1.85% | +154.29 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +77.10% | +3.50% | +291.38 |
| ULTRA TECHNOLOGY PROSHARES (ROM) | +66.84% | +0.74% | +61.78 |
| ULTRA UTILITIES PROSHARES (UPW) | -4.85% | +1.84% | +153.66 |
| Other ETFs | |||
| PS NASDAQ INTERNET (PNQI) | +52.83% | +2.16% | +180.24 |
| PS DB BASE METALS DBLE SHRT ETN (BOM) | -40.96% | -3.50% | -291.53 |
| PS DB BASE METALS DBLE LONG ETN (BDD) | +52.21% | +3.66% | +304.95 |
| PS DB BASE METALS SHORT ETN (BOS) | -21.37% | -0.46% | -38.49 |
| PS DB BASE METALS LONG ETN (BDG) | +22.62% | +3.10% | +258.68 |
| PS DB CRUDE OIL DBLE SHORT ETN (DTO) | -47.18% | +1.15% | +96.09 |
| PS DB CRUDE OIL SHORT ETN (SZO) | -21.63% | +0.43% | +35.92 |
| PS DB CRUDE OIL DBLE LONG ETN (DXO) | +39.11% | -0.29% | -24.08 |
| PS DB CRUDE OIL LONG ETN (OLO) | +20.37% | -0.45% | -37.53 |
| IPATH S&P GSCI CRUDE OIL TTL RET (OIL) | +10.23% | -0.71% | -59.03 |
| IPATH DJ AIG NATURAL GAS TR SUB- (GAZ) | -37.94% | +5.87% | +489.06 |
| IPATH DJ AIG ENERGY TR SUB-IDX E (JJE) | -5.69% | +0.70% | +58.65 |
| MV AGRIBUSINESS ETF (MOO) | +29.08% | +1.12% | +93.27 |
| PS GLOBAL AGRICULTURE (PAGG) | +31.21% | +2.57% | +214.17 |
| PS DB AGRICULTURE (DBA) | -2.01% | -0.85% | -71.07 |
| IPATH DJ AIG AGRICULTURE TR SUB- (JJA) | -0.20% | 0.00% | 0.00 |
| ELEMENTS ROGERS INTL COMMODITY A (RJA) | -1.38% | -0.28% | -23.27 |
| IPATH DJ AIG COFFEE TR SUB-IDX E (JO) | -5.16% | +1.15% | +95.54 |
| IPATH DJ AIG COCOA TR SUB-IDX ET (NIB) | +8.70% | +2.04% | +169.66 |
| IPATH DJ AIG COTTON TR SUB-IDX E (BAL) | +18.66% | +1.51% | +125.58 |
| IPATH DJ AIG SUGAR TR SUB-IDX ET (SGG) | +24.88% | +1.14% | +94.59 |
| IPATH DJ AIG ALUMINUM TR SUB-IDX (JJU) | +8.48% | +1.58% | +131.55 |
| IPATH DJ AIG GRAINS TR SUB-IDX E (JJG) | -6.02% | +0.45% | +37.81 |
| IPATH DJ AIG COPPER TR SUB-IDX E (JJC) | +52.86% | +2.55% | +212.39 |
| IPATH DJ AIG NICKEL TR SUB-IDX E (JJN) | +39.25% | +4.94% | +411.35 |
| PS DB US DOLLAR INDEX BULLISH (UUP) | -8.69% | +0.08% | +6.99 |
| PS DB US DOLLAR INDEX BEARISH (UDN) | +7.99% | -0.22% | -18.63 |
| MacroShares Major Metro Housing Up (UMM) | · | +5.15% | +429.47 |
| MacroShares Major Metro Housing Down (DMM) | · | -1.45% | -120.98 |
| 300% Leverage ETFs | |||
| DIREXION DAILY 10 YR TRSY BULL 3 (TYD) | · | -2.09% | -174.32 |
| DIREXION DAILY 10 YR TRSY BEAR 3 (TYO) | · | +2.34% | +194.98 |
| DIREXION DAILY 30 YR TRSY BULL 3 (TMF) | · | -5.54% | -461.69 |
| DIREXION DAILY 30 YR TRSY BEAR 3 (TMV) | · | +5.50% | +458.07 |
| DIREXION DAILY LARGE CAP BULL 3X (BGU) | +23.97% | +2.00% | +166.42 |
| DIREXION DAILY LARGE CAP BEAR 3X (BGZ) | -53.27% | -2.10% | -174.84 |
| DIREXION DAILY MID CAP BULL 3X S (MWJ) | +27.06% | +1.96% | +163.46 |
| DIREXION DAILY MID CAP BEAR 3X S (MWN) | -21.83% | -3.22% | -268.26 |
| DIREXION DAILY SMALL CAP BULL 3X (TNA) | +13.95% | +1.91% | +159.46 |
| DIREXION DAILY SMALL CAP BEAR 3X (TZA) | -63.98% | -1.88% | -156.75 |
| DIREXION DAILY ENERGY BULL 3X SH (ERX) | -16.49% | +4.07% | +339.02 |
| DIREXION DAILY ENERGY BEAR 3X SH (ERY) | -43.08% | -4.14% | -345.02 |
| DIREXION DAILY FINANCIAL BULL 3X (FAS) | +14.21% | -0.55% | -45.64 |
| DIREXION DAILY FINANCIAL BEAR 3X (FAZ) | -94.69% | +0.24% | +19.61 |
| DIREXION DAILY TECHNOLOGY BULL 3 (TYH) | +98.98% | +1.06% | +88.22 |
| DIREXION DAILY TECHNOLOGY BEAR 3 (TYP) | -71.00% | -0.68% | -56.70 |
| DIREXION DAILY DEVLPD MRKTS BULL (DZK) | +44.45% | +1.47% | +122.63 |
| DIREXION DAILY DEVLPD MRKTS BEAR (DPK) | -64.97% | -1.57% | -130.61 |
| DIREXION DAILY EMRG MRKTS BULL 3 (EDC) | +124.49% | +2.99% | +248.88 |
| DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ) | -84.20% | -3.21% | -267.18 |
| PROSHARES (UPRO) | · | +2.05% | +170.92 |
| PROSHARES (SPXU) | · | -1.75% | -145.87 |
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· Quarter-Hourly Chart Comments
· Detailed Comments . . . .
Monday, July 13, 2009
Put Options Go Under the Knife
The monthly game of "eliminating option premium" moved into phase 2 on Monday. The prior weeks' campaign saw market manipulators destroying call option premium by driving stock prices down. Now that those calls have been decimated and bought back by their sellers, it's time to kill put premium by rallying the market. This is a monthly activity, only interrupted in the odd month when a solid trend is in effect. Virtually all options expire this Friday, with the majority slated for worthlessness.
Codeword
After Ben Bernanke popularized the term "Green Shoots"---of which none actually appeared, but were widely claimed to actually exist by faith-based investors---we realized the phrase is actually a codeword for "Goldman Sachs," the master manipulators of everything from individual stocks to exotic, toxic derivatives. And, of course, Green Shoots (GS) is the largest recipient of profits courtesy of the always docile and uncomplaining US taxpayer. Members of the taxpayer slave community willingly pay, year after year, for the privilege of serving Green Shoots. Tomorrow, Green Shoots will report outstanding profits---the biggest gains since Butch Cassidy and the Sundance Kid plied their trade in the banking system.
Taxpayer Pledge of Allegiance
The Pledge of Allegiance to the Green Shoots flag is an oath of loyalty to the Green Shoots of America. It is often recited at public events. Congressional sessions open with a recitation of the Pledge.
The current Green Shoots Pledge of Allegiance reads:
"I pledge allegiance to the Green Shoots Flag of the United States of America, and to the Republic over which Green Shoots rules, one Nation under GS, indivisible, with liberty and justice for none."
According to the Green Shoots Flag Code the pledge should be recited by standing at attention facing the flag with the right hand over the heart. When not in uniform, people should remove any non-religious headdress with their right hand and hold it at the left shoulder, with the right hand being over the heart. People in uniform should remain silent, face the flag, and render the military salute.
The Inflation-Deflation Debate
Lacy Hunt and Van Hoisington tell us why deflation is the problem and not inflation. Only thinkers need click on the link. A knowledge of elementary algebra is required, so this eliminates virtually everyone on Wall Street.
It's just more evidence that we need to print more dollars, not less, to cure this deflation.
Herd On Wall Street
The herd stampeded in joy Monday when they heard how much loot the Green Shoots gang had taken from taxpayers in the last quarter:
Change From 20 Jan 2009 and 10 Jul 2009 To 13 Jul 2009
| Security | Percentage Change From 20 Jan 2009 | Percentage Change From 10 Jul 2009 | Change in Dow Jones Industrial Average Points |
|---|---|---|---|
| Dow Jones Industrial Average (index) | +4.81% | +2.27% | +185.16 |
| DIAMONDS TRUST SER 1 (DIA) | +4.91% | +2.30% | +187.06 |
| ULTRA DOW30 PROSHRS (DDM) | +6.42% | +4.74% | +386.03 |
| PT ULTRSHRT DOW30 PS (DXD) | -22.99% | -4.27% | -348.21 |
| S&P 500 (index) | +11.77% | +2.39% | +194.54 |
| S& P DEP RECEIPTS (SPY) | +11.83% | +2.43% | +198.20 |
| ULTRA S& P500 PROSHRS (SSO) | +19.62% | +5.00% | +407.16 |
| PT ULTRSHRT SP500 PS (SDS) | -34.05% | -4.90% | -398.88 |
| NYSE Composite (index) | +13.90% | +2.38% | +193.76 |
| ISHARES NYSE CMP IDX (NYC) | +13.67% | +1.96% | +159.43 |
| S&P SmallCap 600 (index) | +13.86% | +2.50% | +203.69 |
| PROSH ULTRA SMALLCAP (SAA) | +18.44% | +4.47% | +363.80 |
| SHORT SMALLCAP600 PR (SBB) | -20.24% | -2.30% | -187.72 |
| ULTRASHORT SMALLCAP6 (SDD) | -42.45% | -5.22% | -425.15 |
| Russell 2000 (index) | +13.76% | +2.56% | +208.84 |
| ISHARE RUS 2000 INDX (IWM) | +13.69% | +2.41% | +196.46 |
| ULTRA RUSSELL2000 PR (UWM) | +17.25% | +4.62% | +376.58 |
| ULTRASHORT RUSSELL20 (TWM) | -43.21% | -4.70% | -382.51 |
| NASDAQ-100 (index) | +27.19% | +1.83% | +149.37 |
| POWERSHARES QQQ TR 1 (QQQQ) | +27.29% | +1.92% | +156.31 |
| ULTRA QQQ PROSHARES (QLD) | +53.26% | +3.70% | +301.72 |
| PT UTLRSHRT QQQ PS (QID) | -47.21% | -3.56% | -290.02 |
| S&P MidCap 400 (index) | +15.36% | +2.43% | +198.20 |
| ISHARE SP MC 400 INX (IJH) | +15.62% | +2.55% | +207.47 |
| ULTRA MC400 PROSHRS (MVV) | +23.54% | +4.74% | +386.16 |
| PT ULTRSHR MC400 PS (MZZ) | -41.69% | -4.70% | -383.14 |
| GREENHAVEN CONT IDX (GCC) | +3.90% | +0.41% | +33.31 |
| Amex Gold (index) | +16.36% | +2.02% | +164.73 |
| MKT VECT GOLD MNRS (GDX) | +16.35% | +2.25% | +183.15 |
| STREETTRACKS GOLD TR (GLD) | +6.71% | +0.68% | +55.47 |
| ULTRA GOLD PROSHARES (UGL) | +8.21% | +1.37% | +111.67 |
| ULTRASHORT GOLD PROSHARES (GLL) | -21.79% | -1.52% | -123.90 |
| IPATH DJ-AIG PLATINU (PGM) | +17.12% | +0.63% | +51.58 |
| DB GOLD DBL SH ETN (DZZ) | -16.27% | -1.40% | -114.38 |
| DB GOLD DBL LG ETN (DGP) | +10.93% | +1.58% | +128.70 |
| ULTRA SILVER PROSHARES (AGQ) | +19.65% | +2.63% | +214.08 |
| ULTRASHORT SILVER PROSHARES (ZSL) | -40.85% | -3.19% | -260.08 |
| Semiconductor Sector (index) | +33.11% | +2.30% | +187.45 |
| ULTRA SEMICONDUCTORS (USD) | +71.12% | +5.11% | +416.66 |
| ULTRASHORT SEMICONDU (SSG) | -60.40% | -5.35% | -435.95 |
| ISHARE DJ FIN SC INX (IYF) | +34.35% | +5.51% | +448.49 |
| ISHARES LEHMAN 20 YR (TLT) | -16.27% | -0.56% | -45.71 |
| ISHARESLEHMAN 7-10YR (IEF) | -6.02% | -0.36% | -29.17 |
| ISHARES LEH AGG FD (AGG) | -0.22% | -0.05% | -3.96 |
| ISHARES GS $ INVESTO (LQD) | +0.74% | -0.06% | -4.84 |
| ISHARES LEHMAN 1-3YR (SHY) | -0.77% | -0.06% | -4.85 |
| ProShares ETFs | |||
| ProShares Ultra Russell3000 (UWC) | · | +5.02% | +409.01 |
| ProShares UltraShort Russell3000 (TWQ) | · | -3.94% | -321.05 |
| PROSHARES ULTRASHORT LEHMAN 7-10 (PST) | +3.61% | +0.96% | +78.09 |
| PROSHARES ULTRASHORT LEHMAN 20YR (TBT) | +21.55% | +1.26% | +102.65 |
| SHORT QQQ PROSHARES (PSQ) | -25.77% | -2.03% | -165.49 |
| SHRT DOW30 PROSHARES (DOG) | -10.54% | -2.41% | -195.93 |
| SHRT S& P500 PROSHRS (SH) | -16.68% | -2.42% | -197.25 |
| SHRT MC400 PROSHARES (MYY) | -20.83% | -2.40% | -195.75 |
| SHORT SMALLCAP600 PR (SBB) | -20.24% | -2.30% | -187.72 |
| SHORT RUSSELL2000 PR (RWM) | -21.15% | -2.32% | -188.98 |
| PT UTLRSHRT QQQ PS (QID) | -47.21% | -3.56% | -290.02 |
| PT ULTRSHRT DOW30 PS (DXD) | -22.99% | -4.27% | -348.21 |
| PT ULTRSHRT SP500 PS (SDS) | -34.05% | -4.90% | -398.88 |
| PT ULTRSHR MC400 PS (MZZ) | -41.69% | -4.70% | -383.14 |
| ULTRASHORT SMALLCAP6 (SDD) | -42.45% | -5.22% | -425.15 |
| ULTRASHORT RUSSELL20 (TWM) | -43.21% | -4.70% | -382.51 |
| PST ULSHT RSL1K VALU (SJF) | -33.61% | -5.62% | -457.94 |
| PST ULSHT RSL1K GR (SFK) | -37.61% | -3.42% | -278.44 |
| PST ULSHT RSL MC VAL (SJL) | -44.60% | -5.64% | -459.12 |
| PST ULSHT RSL MC GR (SDK) | -46.94% | -3.63% | -295.93 |
| PST ULTSHT RSL2K VAL (SJH) | -40.76% | -5.42% | -441.14 |
| PST ULSHT RSL2K GR (SKK) | -53.72% | -3.67% | -298.59 |
| ULTRASHORT BASIC MAT (SMN) | -53.57% | -5.10% | -415.25 |
| ULTRASHORT CONSUMER (SZK) | -22.76% | -2.97% | -241.70 |
| ULTRASHORT CONSUMER (SCC) | -32.70% | -3.63% | -295.76 |
| ULTRASHORT FINANCIAL (SKF) | -78.82% | -11.05% | -900.59 |
| ULTRASHORT HEALTH CA (RXD) | -16.17% | -2.82% | -229.86 |
| ULTRASHORT INDUSTRIA (SIJ) | -31.14% | -4.53% | -369.37 |
| ULTRASHORT OIL & GAS (DUG) | -24.98% | -2.78% | -226.71 |
| ULTRASHORT REAL ESTA (SRS) | -70.66% | -8.04% | -655.30 |
| ULTRASHORT SEMICONDU (SSG) | -60.40% | -5.35% | -435.95 |
| ULTRASHORT TECHNOLOG (REW) | -52.86% | -3.99% | -325.40 |
| ULTRASHORT UTILITIES (SDP) | -26.67% | -2.70% | -219.73 |
| PROSHARES SHR MSCI E (EUM) | -39.24% | -0.77% | -62.52 |
| PROSHARES SHORT MSCI (EFZ) | -24.42% | -1.74% | -141.76 |
| PROSHARES ULTRASHORT (EFU) | -46.36% | -3.19% | -259.71 |
| PROSHARES UTLRASHORT (EEV) | -66.84% | -1.55% | -125.88 |
| PROSHARES US MSCI JP (EWV) | -30.36% | -0.36% | -28.93 |
| PROSHARES ULTRASHORT (FXP) | -73.52% | +1.08% | +87.80 |
| ULTRA QQQ PROSHARES (QLD) | +53.26% | +3.70% | +301.72 |
| ULTRA DOW30 PROSHRS (DDM) | +6.42% | +4.74% | +386.03 |
| ULTRA S& P500 PROSHRS (SSO) | +19.62% | +5.00% | +407.16 |
| ULTRA MC400 PROSHRS (MVV) | +23.54% | +4.74% | +386.16 |
| PROSH ULTRA SMALLCAP (SAA) | +18.44% | +4.47% | +363.80 |
| ULTRA RUSSELL2000 PR (UWM) | +17.25% | +4.62% | +376.58 |
| PST ULT RUS1000 VAL (UVG) | +8.86% | +5.21% | +424.48 |
| PST ULT RSL1000 GR (UKF) | +31.57% | +3.84% | +312.82 |
| PST ULT RSL MC VALU (UVU) | +11.08% | +3.93% | +319.83 |
| PST ULT RSL MC GR PS (UKW) | +36.71% | +3.71% | +302.21 |
| PST ULT RSL2000 VALU (UVT) | +4.65% | +5.47% | +445.86 |
| PST ULT RSL2000 GR (UKK) | +31.39% | +3.61% | +294.10 |
| ULTRA BASIC MATERIAL (UYM) | +34.76% | +5.31% | +432.98 |
| ULTRA CONSUMER GOODS (UGE) | +13.39% | +3.40% | +276.79 |
| ULTRA CONSUMER SERVI (UCC) | +17.84% | +2.85% | +232.53 |
| ULTRA FINANCIALS PRO (UYG) | +39.56% | +11.40% | +928.99 |
| ULTRA HEALTH CARE PR (RXL) | +5.12% | +2.80% | +227.82 |
| ULTRA INDUSTRIALS PR (UXI) | +2.13% | +4.59% | +373.69 |
| ULTRA OIL & GAS PROS (DIG) | -4.08% | +2.84% | +231.74 |
| ULTRA REAL ESTATE PR (URE) | -18.59% | +8.72% | +710.77 |
| ULTRA SEMICONDUCTORS (USD) | +71.12% | +5.11% | +416.66 |
| ULTRA TECHNOLOGY PRO (ROM) | +65.62% | +4.02% | +327.83 |
| ULTRA UTILITIES PROS (UPW) | -6.57% | +2.70% | +220.02 |
| Other ETFs | |||
| PWRSHRS NDQ INTERNET (PNQI) | +49.60% | +1.93% | +157.18 |
| POWERSHARES DB BASE (BOM) | -38.82% | +2.12% | +172.35 |
| POWERSHARES DB BASE (BDD) | +46.83% | -1.29% | -105.12 |
| POWERSHARES DB BASE (BOS) | -21.01% | -0.14% | -11.75 |
| POWERSHARES DB CRUDE (DTO) | -47.78% | -0.21% | -16.89 |
| POWERSHARES DB CRUDE (SZO) | -21.97% | +0.17% | +14.07 |
| POWERSHARES DB CRUDE (DXO) | +39.52% | -0.57% | -46.82 |
| POWERSHARES DB CRUDE (OLO) | +20.92% | -0.27% | -21.96 |
| IPATH ETN CRUDE OIL (OIL) | +11.01% | 0.00% | 0.00 |
| IPATH NAT GAS ETN (GAZ) | -41.38% | -2.55% | -207.73 |
| IPATH AIG ENERGY ETN (JJE) | -6.35% | -0.61% | -49.87 |
| MKT VECT AGRBSHS (MOO) | +27.66% | +1.82% | +148.07 |
| PS GLOBAL AGRICULTURE (PAGG) | +27.92% | +0.40% | +32.98 |
| POWERSHARES DB AGRIC (DBA) | -1.16% | +2.80% | +227.90 |
| IPATH AIG AGRI ETN (JJA) | -0.20% | +1.75% | +142.52 |
| AB SVENSK ELEMENTS (RJA) | -1.10% | +1.85% | +150.65 |
| IPATH DJ-AIG COFFEE (JO) | -6.23% | +0.03% | +2.40 |
| IPATH DJ-AIG COCOA (NIB) | +6.53% | +0.95% | +77.76 |
| IPATH DJ-AIG COTTON (BAL) | +16.90% | +0.09% | +7.52 |
| IPATH DOW JONES-AIG SUGAR TOTAL (SGG) | +23.48% | +2.22% | +181.21 |
| IPATH DJ-AIG ALUMINU (JJU) | +6.79% | -0.87% | -70.84 |
| IPATH AIG GRAINS ETN (JJG) | -6.44% | +1.38% | +112.44 |
| IPATH AIG COPPER ETN (JJC) | +49.06% | +0.78% | +63.58 |
| IPATH AIG NICKEL ETN (JJN) | +32.70% | +2.53% | +206.19 |
| IPATH DJ-AIG TIN ETN (JJT) | +16.05% | +5.78% | +470.69 |
| PS DB USD IDX BL FD (UUP) | -8.76% | -0.17% | -13.65 |
| PS DB USD IDX BR FD (UDN) | +8.23% | +0.34% | +27.42 |
| MacroShares Major Metro Housing Up (UMM) | · | -0.88% | -71.36 |
| MacroShares Major Metro Housing Down (DMM) | · | -0.38% | -31.13 |
| 300% Leverage ETFs | |||
| DIREXION DAILY 10 YR TRSY BULL 3 (TYD) | · | -1.21% | -98.23 |
| DIREXION DAILY 10 YR TRSY BEAR 3 (TYO) | · | +1.60% | +130.37 |
| DIREXION DAILY 30 YR TRSY BULL 3 (TMF) | · | -2.35% | -191.81 |
| DIREXION DAILY 30 YR TRSY BEAR 3 (TMV) | · | +2.05% | +166.72 |
| DIREXION DAILY LARGE CAP BULL 3X (BGU) | +21.54% | +7.06% | +575.18 |
| DIREXION DAILY LARGE CAP BEAR 3X (BGZ) | -52.27% | -7.21% | -587.71 |
| DIREXION DAILY MID CAP BULL 3X S (MWJ) | +24.61% | +7.44% | +605.95 |
| DIREXION DAILY MID CAP BEAR 3X S (MWN) | -19.23% | -6.56% | -534.02 |
| DIREXION DAILY SMALL CAP BULL 3X (TNA) | +11.81% | +7.36% | +599.83 |
| DIREXION DAILY SMALL CAP BEAR 3X (TZA) | -63.29% | -6.96% | -567.28 |
| DIREXION DAILY ENERGY BULL 3X SH (ERX) | -19.76% | +4.56% | +371.09 |
| DIREXION DAILY ENERGY BEAR 3X SH (ERY) | -40.62% | -4.26% | -346.91 |
| DIREXION DAILY FINANCIAL BULL 3X (FAS) | +14.84% | +16.95% | +1380.95 |
| DIREXION DAILY FINANCIAL BEAR 3X (FAZ) | -94.70% | -17.07% | -1390.76 |
| DIREXION DAILY TECHNOLOGY BULL 3 (TYH) | +96.90% | +6.05% | +492.96 |
| DIREXION DAILY TECHNOLOGY BEAR 3 (TYP) | -70.80% | -6.37% | -519.11 |
| DIREXION DAILY DEVLPD MRKTS BULL (DZK) | +42.35% | +6.00% | +488.39 |
| DIREXION DAILY DEVLPD MRKTS BEAR (DPK) | -64.41% | -4.89% | -398.73 |
| DIREXION DAILY EMRG MRKTS BULL 3 (EDC) | +117.98% | +2.07% | +168.63 |
| DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ) | -83.67% | -1.93% | -156.87 |
| ProShares 3x Ultra S&P 500 (UPRO) | · | +7.31% | +595.24 |
| Proshares 3x Short S&P 500 (SPXU) | · | -7.43% | -605.37 |
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· Quarter-Hourly Chart Comments
· Detailed Comments . . . .
Sunday, July 12, 2009
"It's a Depression, Stupid"
Where Our Money Goes
Or, Why Investors Are Insane
Why is the economy so messed up? It's the big picture items:
| Expense | Where It Goes |
| $7 Trillion, 10 Years | Oil Exporting Countries |
| $700 Billion, 2008-9 | Bankster Reimbursement for Investment Losses and Outright Fraud |
| $880 Billion, 2001-present | Afghanistan and Iraq Wars |
Clearly, the ongoing gush of dollars to oil exporting countries is the primary culprit. There are solutions which would eliminate this expense, but are being kept on the shelf for lack of investment dollars as the billions gush to the oil exporting countries. We could eliminate a $7 Trillion energy bill with just 7 minutes worth of those dollars. Truly, this country has an insane attitude toward investment, greatly preferring to pay oil exporting countries rather than keeping the money at home.
If this goes on, there won't be a country called "America" much longer.
Obama Still in Denial On the Stimulus Plan
WASHINGTON, July 11 (Reuters) - President Barack Obama said on Saturday more time was needed for his $787 billion stimulus package to work, predicting the spending would have a bigger impact on the economy later this year.
In an advanced text of his weekly radio speech, Obama said the stimulus plan approved by Congress and signed into law in mid-February "was not designed to work in four months - it was designed to work over two years."
Obama's comments follow government data showing the unemployment rate soared to 9.5 percent in June, the highest level since 1983 and above the 8 percent peak predicted by the White House when it worked with Congress to pass the package. Republicans say the stimulus plan is not working.
Obama now warns unemployment will likely top 10 percent in the coming months.
"We must let (the stimulus plan) work the way it's supposed to, with the understanding that in any recession, unemployment tends to recover more slowly than other measures of economic activity," Obama said.
He said the benefits of the plan would "accelerate greatly throughout the summer and the fall."
The ongoing recession and further steep job losses are wearing away the patience of Americans and raising doubts about Obama's handling of the economy.
The share of Americans who believe the stimulus package will restore the economy slipped to 52 percent in late June, down from 59 percent two months earlier, according to a Washington Post-ABC News poll.
Clearly, Obama is getting very bad economic advice. He repeated that tired old myth about unemployment recovering more slowly than the economy. While that might be true in a garden-variety recession forced by the Fed tightening interest rates---taking the punch bowl away just when the party is getting interesting---it's not the case in this, the greatest depression of the last two hundred years. This is a debt-deflation economic catastrophe for which the standard old remedies will not work. It's not hard to see this by looking at what actions have been taken already and have failed to stop the decline in activity. First of all, the Fed normally lowers interest rates to stimulate growth. They have done so this time---even lowering them all the way to zero---and it has not worked. Next, we get stimulus packages passed by the Executive Branch through Congress that are supposed to restart the economic engines---and none of them have worked. Clearly, the actions taken both by the Bush Administration and the Obama Administration are not working.
Obama had better fire his economic advisors and replace them with ones who understand that you can't fight a house fire with a garden hose. We need much more stimulus from the government---many trillions of dollars. Stimulus won't cause inflation unless it exceeds the amount of money being destroyed by deflation. So far, deflation is winning by several trillion dollars.
And, we don't need to borrow the money to pay for the stimulus. Printing money will work for the very reason stated above: dollars are being destroyed at an enormous rate. As long as we print the same number of dollars as are being destroyed, there will be no inflation problem---and the national debt will not increase, either.
Obama's Bush Act
When Vice-President Joe Biden admitted last weekend that the Administration had made a mistake in assuming the economy would start recovering, it was a breath of fresh air after eight long years of a Bush Administration which refused to admit ever making an error (of which almost every decision they made was an error).
Now, we have Obama, the black-face version of Bush, trotting along behind his VP, saying, "there's nothing we would have done differently." He's certainly showed the country his true colors. The turnaround in Obama's behavior from a change-agent to a defender of the status-quo has been dramatic---and is losing him support very, very quickly. At this point, Joe Biden looks much more qualified to be President than Obama.
It's not too late for Obama to turn things around, at least in how he is perceived by the American public. But, he's falling fast and needs to make some positive steps toward healing his image. The first step should be to come out and admit he was wrong---the people understand a rookie mistake. Failure to take that simple, but very effective, action will doom him to being a one term President, as well as losing the Democrats the Congressional majority they so crave keeping.
Republicans Love Depression
The Republicans are even worse than Obama and his Democrats. The Republicans are doing everything in their power to keep the economy in a depression, hoping the Democrats will get the blame during the next round of Congressional election campaigns in about a year. It's a rotten system of government we have that creates such disloyal opposition.
Words of Wisdom on Bankers From a Top Banker In 1927
Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.---Sir Josiah Stamp (1880-1941) President of the Bank of England in the 1920's, the second richest man in Britain, speaking at the Commencement Address of the University of Texas in 1927
Herd On The Street
The summer doldrums kept stocks in a narrow range all day Friday:
Change From 20 Jan 2009 and 9 Jul 2009 To 10 Jul 2009
| Security | Percentage Change From 20 Jan 2009 | Percentage Change From 9 Jul 2009 | Change in Dow Jones Industrial Average Points |
|---|---|---|---|
| Dow Jones Industrial Average (index) | +2.48% | -0.45% | -36.65 |
| DIAMONDS TRUST SER 1 (DIA) | +2.56% | -0.40% | -33.02 |
| ULTRA DOW30 PROSHRS (DDM) | +1.60% | -0.71% | -58.06 |
| PT ULTRSHRT DOW30 PS (DXD) | -19.55% | +0.53% | +43.15 |
| S&P 500 (index) | +9.16% | -0.40% | -32.73 |
| S& P DEP RECEIPTS (SPY) | +9.17% | -0.24% | -19.49 |
| ULTRA S& P500 PROSHRS (SSO) | +13.92% | -0.79% | -64.78 |
| PT ULTRSHRT SP500 PS (SDS) | -30.65% | +0.55% | +45.07 |
| NYSE Composite (index) | +11.26% | -0.70% | -57.54 |
| ISHARES NYSE CMP IDX (NYC) | +11.49% | -0.52% | -42.59 |
| S&P SmallCap 600 (index) | +11.08% | +0.29% | +23.69 |
| PROSH ULTRA SMALLCAP (SAA) | +13.38% | +0.86% | +70.20 |
| SHORT SMALLCAP600 PR (SBB) | -18.36% | -0.32% | -26.41 |
| ULTRASHORT SMALLCAP6 (SDD) | -39.28% | -0.77% | -63.40 |
| Russell 2000 (index) | +10.91% | +0.36% | +29.20 |
| ISHARE RUS 2000 INDX (IWM) | +11.01% | +0.48% | +39.32 |
| ULTRA RUSSELL2000 PR (UWM) | +12.07% | +0.59% | +48.16 |
| ULTRASHORT RUSSELL20 (TWM) | -40.42% | -0.90% | -73.75 |
| NASDAQ-100 (index) | +24.90% | +0.35% | +28.63 |
| POWERSHARES QQQ TR 1 (QQQQ) | +24.89% | +0.43% | +35.30 |
| ULTRA QQQ PROSHARES (QLD) | +47.79% | +1.01% | +82.42 |
| PT UTLRSHRT QQQ PS (QID) | -45.26% | -1.00% | -82.07 |
| S&P MidCap 400 (index) | +12.62% | -0.17% | -14.19 |
| ISHARE SP MC 400 INX (IJH) | +12.75% | -0.15% | -11.98 |
| ULTRA MC400 PROSHRS (MVV) | +17.95% | -0.12% | -10.20 |
| PT ULTRSHR MC400 PS (MZZ) | -38.82% | -0.12% | -9.71 |
| GREENHAVEN CONT IDX (GCC) | +3.48% | +0.14% | +11.17 |
| Amex Gold (index) | +14.05% | -0.31% | -25.51 |
| MKT VECT GOLD MNRS (GDX) | +13.80% | -0.48% | -39.40 |
| STREETTRACKS GOLD TR (GLD) | +5.99% | +0.08% | +6.40 |
| ULTRA GOLD PROSHARES (UGL) | +6.75% | +0.12% | +10.21 |
| ULTRASHORT GOLD PROSHARES (GLL) | -20.58% | -0.13% | -10.36 |
| IPATH DJ-AIG PLATINU (PGM) | +16.38% | +0.11% | +9.15 |
| DB GOLD DBL SH ETN (DZZ) | -15.08% | -0.18% | -14.80 |
| DB GOLD DBL LG ETN (DGP) | +9.20% | +0.11% | +8.63 |
| ULTRA SILVER PROSHARES (AGQ) | +16.58% | -3.10% | -253.67 |
| ULTRASHORT SILVER PROSHARES (ZSL) | -38.90% | +2.90% | +237.19 |
| Semiconductor Sector (index) | +30.12% | +0.40% | +32.67 |
| ULTRA SEMICONDUCTORS (USD) | +62.79% | +0.97% | +79.23 |
| ULTRASHORT SEMICONDU (SSG) | -58.16% | -0.94% | -76.68 |
| ISHARE DJ FIN SC INX (IYF) | +27.34% | -1.19% | -97.56 |
| ISHARES LEHMAN 20 YR (TLT) | -15.79% | +0.92% | +75.52 |
| ISHARESLEHMAN 7-10YR (IEF) | -5.68% | +0.62% | +50.93 |
| ISHARES LEH AGG FD (AGG) | -0.17% | +0.34% | +27.93 |
| ISHARES GS $ INVESTO (LQD) | +0.80% | +0.40% | +32.57 |
| ISHARES LEHMAN 1-3YR (SHY) | -0.71% | +0.10% | +7.80 |
| ProShares ETFs | |||
| ProShares Ultra Russell3000 (UWC) | · | -1.20% | -98.14 |
| ProShares UltraShort Russell3000 (TWQ) | · | -0.39% | -31.94 |
| PROSHARES ULTRASHORT LEHMAN 7-10 (PST) | +2.63% | -1.42% | -115.99 |
| PROSHARES ULTRASHORT LEHMAN 20YR (TBT) | +20.03% | -2.10% | -172.10 |
| SHORT QQQ PROSHARES (PSQ) | -24.23% | -0.41% | -33.39 |
| SHRT DOW30 PROSHARES (DOG) | -8.34% | +0.35% | +28.55 |
| SHRT S& P500 PROSHRS (SH) | -14.61% | +0.26% | +21.54 |
| SHRT MC400 PROSHARES (MYY) | -18.88% | +0.02% | +1.35 |
| SHORT SMALLCAP600 PR (SBB) | -18.36% | -0.32% | -26.41 |
| SHORT RUSSELL2000 PR (RWM) | -19.28% | -0.50% | -40.77 |
| PT UTLRSHRT QQQ PS (QID) | -45.26% | -1.00% | -82.07 |
| PT ULTRSHRT DOW30 PS (DXD) | -19.55% | +0.53% | +43.15 |
| PT ULTRSHRT SP500 PS (SDS) | -30.65% | +0.55% | +45.07 |
| PT ULTRSHR MC400 PS (MZZ) | -38.82% | -0.12% | -9.71 |
| ULTRASHORT SMALLCAP6 (SDD) | -39.28% | -0.77% | -63.40 |
| ULTRASHORT RUSSELL20 (TWM) | -40.42% | -0.90% | -73.75 |
| PST ULSHT RSL1K VALU (SJF) | -29.66% | +0.87% | +71.52 |
| PST ULSHT RSL1K GR (SFK) | -35.40% | -0.17% | -13.82 |
| PST ULSHT RSL MC VAL (SJL) | -41.29% | +1.43% | +116.94 |
| PST ULSHT RSL MC GR (SDK) | -44.94% | -0.19% | -15.17 |
| PST ULTSHT RSL2K VAL (SJH) | -37.37% | -0.60% | -48.77 |
| PST ULSHT RSL2K GR (SKK) | -51.96% | -1.03% | -84.18 |
| ULTRASHORT BASIC MAT (SMN) | -51.08% | +0.98% | +80.41 |
| ULTRASHORT CONSUMER (SZK) | -20.40% | +0.26% | +21.44 |
| ULTRASHORT CONSUMER (SCC) | -30.16% | +0.56% | +45.78 |
| ULTRASHORT FINANCIAL (SKF) | -76.19% | +2.33% | +190.43 |
| ULTRASHORT HEALTH CA (RXD) | -13.74% | +0.75% | +61.22 |
| ULTRASHORT INDUSTRIA (SIJ) | -27.87% | -0.74% | -60.82 |
| ULTRASHORT OIL & GAS (DUG) | -22.83% | +1.41% | +115.47 |
| ULTRASHORT REAL ESTA (SRS) | -68.10% | +0.35% | +28.88 |
| ULTRASHORT SEMICONDU (SSG) | -58.16% | -0.94% | -76.68 |
| ULTRASHORT TECHNOLOG (REW) | -50.89% | -1.18% | -96.90 |
| ULTRASHORT UTILITIES (SDP) | -24.63% | +0.58% | +47.74 |
| PROSHARES SHR MSCI E (EUM) | -38.77% | +1.13% | +92.23 |
| PROSHARES SHORT MSCI (EFZ) | -23.08% | +0.79% | +64.75 |
| PROSHARES ULTRASHORT (EFU) | -44.59% | +2.15% | +176.01 |
| PROSHARES UTLRASHORT (EEV) | -66.32% | +2.35% | +192.28 |
| PROSHARES US MSCI JP (EWV) | -30.11% | +1.37% | +112.21 |
| PROSHARES ULTRASHORT (FXP) | -73.80% | +1.25% | +102.05 |
| ULTRA QQQ PROSHARES (QLD) | +47.79% | +1.01% | +82.42 |
| ULTRA DOW30 PROSHRS (DDM) | +1.60% | -0.71% | -58.06 |
| ULTRA S& P500 PROSHRS (SSO) | +13.92% | -0.79% | -64.78 |
| ULTRA MC400 PROSHRS (MVV) | +17.95% | -0.12% | -10.20 |
| PROSH ULTRA SMALLCAP (SAA) | +13.38% | +0.86% | +70.20 |
| ULTRA RUSSELL2000 PR (UWM) | +12.07% | +0.59% | +48.16 |
| PST ULT RUS1000 VAL (UVG) | +3.47% | -1.34% | -109.49 |
| PST ULT RSL1000 GR (UKF) | +26.71% | +0.04% | +3.34 |
| PST ULT RSL MC VALU (UVU) | +6.89% | -1.32% | -107.67 |
| PST ULT RSL MC GR PS (UKW) | +31.82% | -0.05% | -4.40 |
| PST ULT RSL2000 VALU (UVT) | -0.78% | +0.87% | +70.99 |
| PST ULT RSL2000 GR (UKK) | +26.81% | +0.36% | +29.65 |
| ULTRA BASIC MATERIAL (UYM) | +27.96% | -1.36% | -111.23 |
| ULTRA CONSUMER GOODS (UGE) | +9.66% | -0.80% | -65.45 |
| ULTRA CONSUMER SERVI (UCC) | +14.57% | -1.19% | -97.18 |
| ULTRA FINANCIALS PRO (UYG) | +25.27% | -2.29% | -187.04 |
| ULTRA HEALTH CARE PR (RXL) | +2.26% | -0.90% | -74.00 |
| ULTRA INDUSTRIALS PR (UXI) | -2.35% | +0.93% | +75.77 |
| ULTRA OIL & GAS PROS (DIG) | -6.73% | -1.38% | -113.02 |
| ULTRA REAL ESTATE PR (URE) | -25.13% | -0.67% | -54.55 |
| ULTRA SEMICONDUCTORS (USD) | +62.79% | +0.97% | +79.23 |
| ULTRA TECHNOLOGY PRO (ROM) | +59.21% | +1.19% | +97.19 |
| ULTRA UTILITIES PROS (UPW) | -9.03% | -0.73% | -59.83 |
| Other ETFs | |||
| PWRSHRS NDQ INTERNET (PNQI) | +46.76% | +0.55% | +45.36 |
| POWERSHARES DB BASE (BOM) | -40.08% | +1.48% | +121.03 |
| POWERSHARES DB BASE (BDD) | +48.75% | -2.88% | -235.86 |
| POWERSHARES DB CRUDE (DTO) | -47.67% | +1.76% | +144.20 |
| POWERSHARES DB CRUDE (SZO) | -22.10% | +0.80% | +65.56 |
| POWERSHARES DB CRUDE (DXO) | +40.32% | -3.33% | -272.77 |
| POWERSHARES DB CRUDE (OLO) | +21.24% | -1.33% | -108.82 |
| IPATH ETN CRUDE OIL (OIL) | +11.01% | -1.26% | -103.05 |
| IPATH NAT GAS ETN (GAZ) | -39.84% | -1.29% | -105.77 |
| IPATH AIG ENERGY ETN (JJE) | -5.77% | -0.61% | -49.79 |
| MKT VECT AGRBSHS (MOO) | +25.38% | -1.81% | -148.52 |
| PS GLOBAL AGRICULTURE (PAGG) | +27.40% | -2.66% | -217.68 |
| POWERSHARES DB AGRIC (DBA) | -3.85% | -0.95% | -77.84 |
| IPATH AIG AGRI ETN (JJA) | -1.92% | -0.26% | -21.00 |
| AB SVENSK ELEMENTS (RJA) | -2.90% | -0.42% | -34.77 |
| IPATH DJ-AIG COFFEE (JO) | -6.26% | -1.51% | -123.27 |
| IPATH DJ-AIG COCOA (NIB) | +5.53% | -0.17% | -14.00 |
| IPATH DJ-AIG COTTON (BAL) | +16.79% | +2.30% | +188.15 |
| IPATH DOW JONES-AIG SUGAR TOTAL (SGG) | +20.79% | -0.19% | -15.80 |
| IPATH DJ-AIG ALUMINU (JJU) | +7.73% | -0.48% | -38.95 |
| IPATH AIG GRAINS ETN (JJG) | -7.72% | -0.40% | -33.09 |
| IPATH AIG COPPER ETN (JJC) | +47.91% | +0.20% | +16.00 |
| IPATH AIG NICKEL ETN (JJN) | +29.42% | -2.07% | -169.64 |
| IPATH DJ-AIG TIN ETN (JJT) | +9.71% | -7.28% | -595.75 |
| PS DB USD IDX BL FD (UUP) | -8.61% | +0.25% | +20.61 |
| PS DB USD IDX BR FD (UDN) | +7.87% | -0.56% | -45.65 |
| MacroShares Major Metro Housing Up (UMM) | · | +2.62% | +214.54 |
| MacroShares Major Metro Housing Down (DMM) | · | -0.54% | -44.43 |
| 300% Leverage ETFs | |||
| DIREXION DAILY 10 YR TRSY BULL 3 (TYD) | · | +2.13% | +174.35 |
| DIREXION DAILY 10 YR TRSY BEAR 3 (TYO) | · | -2.29% | -187.67 |
| DIREXION DAILY 30 YR TRSY BULL 3 (TMF) | · | +3.78% | +309.56 |
| DIREXION DAILY 30 YR TRSY BEAR 3 (TMV) | · | -3.60% | -294.33 |
| DIREXION DAILY LARGE CAP BULL 3X (BGU) | +13.53% | -0.64% | -52.44 |
| DIREXION DAILY LARGE CAP BEAR 3X (BGZ) | -48.56% | +0.65% | +53.46 |
| DIREXION DAILY MID CAP BULL 3X S (MWJ) | +15.98% | -0.68% | -56.00 |
| DIREXION DAILY MID CAP BEAR 3X S (MWN) | -13.57% | +0.66% | +53.88 |
| DIREXION DAILY SMALL CAP BULL 3X (TNA) | +4.15% | +0.69% | +56.44 |
| DIREXION DAILY SMALL CAP BEAR 3X (TZA) | -60.54% | -1.46% | -119.66 |
| DIREXION DAILY ENERGY BULL 3X SH (ERX) | -23.25% | -2.60% | -212.37 |
| DIREXION DAILY ENERGY BEAR 3X SH (ERY) | -37.98% | +2.21% | +181.17 |
| DIREXION DAILY FINANCIAL BULL 3X (FAS) | -1.81% | -3.70% | -302.93 |
| DIREXION DAILY FINANCIAL BEAR 3X (FAZ) | -93.61% | +3.68% | +301.13 |
| DIREXION DAILY TECHNOLOGY BULL 3 (TYH) | +85.66% | +1.40% | +114.92 |
| DIREXION DAILY TECHNOLOGY BEAR 3 (TYP) | -68.81% | -1.59% | -130.00 |
| DIREXION DAILY DEVLPD MRKTS BULL (DZK) | +34.30% | -3.65% | -298.72 |
| DIREXION DAILY DEVLPD MRKTS BEAR (DPK) | -62.58% | +2.10% | +171.56 |
| DIREXION DAILY EMRG MRKTS BULL 3 (EDC) | +113.56% | -2.58% | -210.74 |
| DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ) | -83.35% | +3.18% | +260.13 |
| ProShares 3x Ultra S&P 500 (UPRO) | · | -0.96% | -78.46 |
| Proshares 3x Short S&P 500 (SPXU) | · | +0.66% | +54.39 |
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Thursday, July 09, 2009
California Prints Its Own Money
California is setting the pace for innovation. After running out of greenbacks to pay its debts and defaulting, California is issuing IOUs in their stead, something they term "registered warrants." Now, it seems, banksters are refusing to honor these warrants as "money." Never fear, the SEC has reclassified them as "municipal securities," clearing the way for investors to exchange them for greenbacks as soon as a market for them is created.
This just points up the fact that greenbacks themselves are not an asset in the first place. They are the same kind of security as California IOUs, simply debt securities---IOUs, whose value is based upon the belief of investors that they can eventually be converted into something real, like a commodity, real estate, a real product or a service.
This opens the door for other entities to stop paying their debts in greenbacks and to start issuing IOUs, a new kind of money. Once a market for the new securities is established, buyers and sellers will be able to convert them freely into greenbacks or any other currency. One advantage of the California IOUs is that they pay a decent interest rate of 3¾%, something Uncle Sam himself doesn't offer. That is, as long as you believe California will eventually buy their IOUs back with greenbacks.
Welcome to the new world of debt, which doesn't look all that different from the old world of debt.
Obama As America's Pointy-Haired Boss
According to press reports, Obama actually thinks we can stop Global Warming by producing less CO2. At least he's telling poorer nations to fight global warming in this way. This is, of course, a blatant lie. But, a blatant lie repeated often enough is sufficient to lull the masses into thinking it's true.
Example: "Algore invented the internet." Right.
Of course, stopping CO2 emissions will do nothing to either stop Global Warming or to prevent a massive increase in sea level (25 meters) which will inundate most of the land areas currently occupied by human population. Trying to approach the problem using such a narrow focus will bankrupt the economy. By the time the elites recognize this obvious fact, it may be too late to really stop it. Apparently, they have an exit plan---drowning most of the people.
Maybe this sock puppet of a politician, who seems to think the economy will recover without spending any money, should get out of advice-giving in an area he's as ignorant of as the typical high-school dropout. If we had fewer politicians thinking they can stop Global Warming, we might have some people in government who could concentrate on doing something about our real problems. We need an I.Q. test before anyone is allowed to run for public office. Who knows, we might get somebody in office smarter than their pet.
The problem with this country is that we elect these jerks to office who think they know something. They know nothing (other than what their political bosses tell them to think). This is why we are in so much trouble in the economy today. Obama is the "pointy-haired boss" over Dilbert, always giving bad advice to his underlings.
Herd On The Street
The panic attack on Wall Street subsided Thursday as it was able to string together two days in a row of gains:
Change From 20 Jan 2009 and 8 Jul 2009 To 9 Jul 2009
| Security | Percentage Change From 20 Jan 2009 | Percentage Change From 8 Jul 2009 | Change in Dow Jones Industrial Average Points |
|---|---|---|---|
| Dow Jones Industrial Average (index) | +2.94% | +0.06% | +4.76 |
| DIAMONDS TRUST SER 1 (DIA) | +2.97% | -0.20% | -15.97 |
| ULTRA DOW30 PROSHRS (DDM) | +2.33% | -0.26% | -21.32 |
| PT ULTRSHRT DOW30 PS (DXD) | -19.97% | +0.39% | +32.07 |
| S&P 500 (index) | +9.60% | +0.32% | +26.22 |
| S& P DEP RECEIPTS (SPY) | +9.43% | +0.19% | +15.80 |
| ULTRA S& P500 PROSHRS (SSO) | +14.83% | +0.63% | +51.44 |
| PT ULTRSHRT SP500 PS (SDS) | -31.03% | -0.40% | -32.63 |
| NYSE Composite (index) | +12.05% | +0.76% | +62.23 |
| ISHARES NYSE CMP IDX (NYC) | +12.08% | +0.45% | +36.42 |
| S&P SmallCap 600 (index) | +10.76% | +0.04% | +3.20 |
| PROSH ULTRA SMALLCAP (SAA) | +12.42% | -0.27% | -21.87 |
| SHORT SMALLCAP600 PR (SBB) | -18.10% | -0.02% | -1.55 |
| ULTRASHORT SMALLCAP6 (SDD) | -38.80% | +0.76% | +62.16 |
| Russell 2000 (index) | +10.52% | -0.10% | -8.18 |
| ISHARE RUS 2000 INDX (IWM) | +10.48% | -0.42% | -34.03 |
| ULTRA RUSSELL2000 PR (UWM) | +11.41% | -0.59% | -47.86 |
| ULTRASHORT RUSSELL20 (TWM) | -39.87% | +0.91% | +74.38 |
| NASDAQ-100 (index) | +24.46% | +0.17% | +14.25 |
| POWERSHARES QQQ TR 1 (QQQQ) | +24.36% | +0.17% | +14.14 |
| ULTRA QQQ PROSHARES (QLD) | +46.32% | +0.20% | +16.51 |
| PT UTLRSHRT QQQ PS (QID) | -44.71% | -0.09% | -7.02 |
| S&P MidCap 400 (index) | +12.82% | +0.27% | +22.45 |
| ISHARE SP MC 400 INX (IJH) | +12.91% | +0.13% | +10.49 |
| ULTRA MC400 PROSHRS (MVV) | +18.10% | +0.12% | +10.20 |
| PT ULTRSHR MC400 PS (MZZ) | -38.74% | -0.02% | -1.94 |
| GREENHAVEN CONT IDX (GCC) | +3.34% | +1.62% | +132.34 |
| Amex Gold (index) | +14.41% | +0.58% | +47.40 |
| MKT VECT GOLD MNRS (GDX) | +14.35% | +0.34% | +27.89 |
| STREETTRACKS GOLD TR (GLD) | +5.90% | +0.27% | +21.99 |
| ULTRA GOLD PROSHARES (UGL) | +6.62% | +0.75% | +61.69 |
| ULTRASHORT GOLD PROSHARES (GLL) | -20.48% | -0.69% | -56.54 |
| IPATH DJ-AIG PLATINU (PGM) | +16.25% | +1.28% | +105.01 |
| DB GOLD DBL SH ETN (DZZ) | -14.92% | -0.67% | -55.09 |
| DB GOLD DBL LG ETN (DGP) | +9.09% | +0.80% | +65.18 |
| ULTRA SILVER PROSHARES (AGQ) | +20.31% | -0.28% | -22.57 |
| ULTRASHORT SILVER PROSHARES (ZSL) | -40.62% | +0.49% | +39.70 |
| Semiconductor Sector (index) | +29.60% | +2.82% | +230.77 |
| ULTRA SEMICONDUCTORS (USD) | +61.23% | +2.93% | +240.01 |
| ULTRASHORT SEMICONDU (SSG) | -57.77% | -2.99% | -244.29 |
| ISHARE DJ FIN SC INX (IYF) | +28.87% | +1.28% | +104.93 |
| ISHARES LEHMAN 20 YR (TLT) | -16.56% | -1.19% | -97.46 |
| ISHARESLEHMAN 7-10YR (IEF) | -6.26% | -0.59% | -47.94 |
| ISHARES LEH AGG FD (AGG) | -0.51% | -0.28% | -23.07 |
| ISHARES GS $ INVESTO (LQD) | +0.40% | +0.04% | +3.26 |
| ISHARES LEHMAN 1-3YR (SHY) | -0.80% | -0.05% | -3.90 |
| ProShares ETFs | |||
| ProShares Ultra Russell3000 (UWC) | · | +0.49% | +40.32 |
| ProShares UltraShort Russell3000 (TWQ) | · | -1.13% | -92.81 |
| PROSHARES ULTRASHORT LEHMAN 7-10 (PST) | +4.11% | +1.18% | +96.23 |
| PROSHARES ULTRASHORT LEHMAN 20YR (TBT) | +22.61% | +2.28% | +186.07 |
| SHORT QQQ PROSHARES (PSQ) | -23.92% | -0.15% | -12.49 |
| SHRT DOW30 PROSHARES (DOG) | -8.66% | +0.15% | +11.91 |
| SHRT S& P500 PROSHRS (SH) | -14.83% | -0.23% | -19.09 |
| SHRT MC400 PROSHARES (MYY) | -18.89% | -0.20% | -16.12 |
| SHORT SMALLCAP600 PR (SBB) | -18.10% | -0.02% | -1.55 |
| SHORT RUSSELL2000 PR (RWM) | -18.87% | +0.33% | +27.25 |
| PT UTLRSHRT QQQ PS (QID) | -44.71% | -0.09% | -7.02 |
| PT ULTRSHRT DOW30 PS (DXD) | -19.97% | +0.39% | +32.07 |
| PT ULTRSHRT SP500 PS (SDS) | -31.03% | -0.40% | -32.63 |
| PT ULTRSHR MC400 PS (MZZ) | -38.74% | -0.02% | -1.94 |
| ULTRASHORT SMALLCAP6 (SDD) | -38.80% | +0.76% | +62.16 |
| ULTRASHORT RUSSELL20 (TWM) | -39.87% | +0.91% | +74.38 |
| PST ULSHT RSL1K VALU (SJF) | -30.27% | -0.85% | -69.15 |
| PST ULSHT RSL1K GR (SFK) | -35.29% | +0.05% | +4.15 |
| PST ULSHT RSL MC VAL (SJL) | -42.12% | -1.91% | -156.20 |
| PST ULSHT RSL MC GR (SDK) | -44.84% | -0.72% | -58.55 |
| PST ULTSHT RSL2K VAL (SJH) | -36.99% | +0.43% | +35.19 |
| PST ULSHT RSL2K GR (SKK) | -51.46% | +0.38% | +31.11 |
| ULTRASHORT BASIC MAT (SMN) | -51.55% | -2.73% | -223.35 |
| ULTRASHORT CONSUMER (SZK) | -20.61% | +0.67% | +54.57 |
| ULTRASHORT CONSUMER (SCC) | -30.55% | +0.01% | +1.20 |
| ULTRASHORT FINANCIAL (SKF) | -76.73% | -2.29% | -187.67 |
| ULTRASHORT HEALTH CA (RXD) | -14.38% | +2.28% | +186.16 |
| ULTRASHORT INDUSTRIA (SIJ) | -27.33% | -0.92% | -75.28 |
| ULTRASHORT OIL & GAS (DUG) | -23.91% | -1.89% | -154.74 |
| ULTRASHORT REAL ESTA (SRS) | -68.21% | +2.91% | +237.59 |
| ULTRASHORT SEMICONDU (SSG) | -57.77% | -2.99% | -244.29 |
| ULTRASHORT TECHNOLOG (REW) | -50.31% | -0.71% | -58.44 |
| ULTRASHORT UTILITIES (SDP) | -25.07% | -0.49% | -40.36 |
| PROSHARES SHR MSCI E (EUM) | -39.45% | -1.73% | -141.08 |
| PROSHARES SHORT MSCI (EFZ) | -23.68% | -1.17% | -95.93 |
| PROSHARES ULTRASHORT (EFU) | -45.76% | -2.54% | -207.66 |
| PROSHARES UTLRASHORT (EEV) | -67.09% | -3.87% | -316.19 |
| PROSHARES US MSCI JP (EWV) | -31.06% | +0.17% | +14.04 |
| PROSHARES ULTRASHORT (FXP) | -74.12% | -3.97% | -324.44 |
| ULTRA QQQ PROSHARES (QLD) | +46.32% | +0.20% | +16.51 |
| ULTRA DOW30 PROSHRS (DDM) | +2.33% | -0.26% | -21.32 |
| ULTRA S& P500 PROSHRS (SSO) | +14.83% | +0.63% | +51.44 |
| ULTRA MC400 PROSHRS (MVV) | +18.10% | +0.12% | +10.20 |
| PROSH ULTRA SMALLCAP (SAA) | +12.42% | -0.27% | -21.87 |
| ULTRA RUSSELL2000 PR (UWM) | +11.41% | -0.59% | -47.86 |
| PST ULT RUS1000 VAL (UVG) | +4.87% | +1.43% | +116.83 |
| PST ULT RSL1000 GR (UKF) | +26.66% | -0.08% | -6.68 |
| PST ULT RSL MC VALU (UVU) | +8.31% | +2.86% | +233.67 |
| PST ULT RSL MC GR PS (UKW) | +31.89% | +1.81% | +147.64 |
| PST ULT RSL2000 VALU (UVT) | -1.63% | -1.09% | -89.31 |
| PST ULT RSL2000 GR (UKK) | +26.36% | +0.21% | +16.97 |
| ULTRA BASIC MATERIAL (UYM) | +29.72% | +2.93% | +239.74 |
| ULTRA CONSUMER GOODS (UGE) | +10.55% | -0.82% | -67.19 |
| ULTRA CONSUMER SERVI (UCC) | +15.95% | +0.80% | +65.26 |
| ULTRA FINANCIALS PRO (UYG) | +28.21% | +2.64% | +215.85 |
| ULTRA HEALTH CARE PR (RXL) | +3.19% | -2.14% | -175.10 |
| ULTRA INDUSTRIALS PR (UXI) | -3.25% | +0.88% | +71.62 |
| ULTRA OIL & GAS PROS (DIG) | -5.43% | +1.58% | +129.08 |
| ULTRA REAL ESTATE PR (URE) | -24.62% | -4.15% | -339.68 |
| ULTRA SEMICONDUCTORS (USD) | +61.23% | +2.93% | +240.01 |
| ULTRA TECHNOLOGY PRO (ROM) | +57.34% | +0.75% | +61.51 |
| ULTRA UTILITIES PROS (UPW) | -8.36% | +0.81% | +66.02 |
| Other ETFs | |||
| PWRSHRS NDQ INTERNET (PNQI) | +45.95% | +1.63% | +133.62 |
| POWERSHARES DB BASE (BOM) | -40.96% | -3.43% | -280.72 |
| POWERSHARES DB BASE (BDD) | +53.17% | +5.14% | +420.23 |
| POWERSHARES DB CRUDE (DTO) | -48.58% | -0.64% | -52.30 |
| POWERSHARES DB CRUDE (SZO) | -22.72% | -0.38% | -31.22 |
| POWERSHARES DB CRUDE (DXO) | +45.16% | +2.86% | +233.67 |
| POWERSHARES DB CRUDE (OLO) | +22.88% | +1.62% | +132.62 |
| IPATH ETN CRUDE OIL (OIL) | +12.43% | +0.52% | +42.18 |
| IPATH NAT GAS ETN (GAZ) | -39.05% | +1.24% | +101.38 |
| IPATH AIG ENERGY ETN (JJE) | -5.19% | +0.35% | +28.53 |
| MKT VECT AGRBSHS (MOO) | +27.69% | +1.69% | +138.36 |
| PS GLOBAL AGRICULTURE (PAGG) | +30.88% | +2.32% | +189.62 |
| POWERSHARES DB AGRIC (DBA) | -2.93% | +0.46% | +37.38 |
| IPATH AIG AGRI ETN (JJA) | -1.67% | +1.46% | +119.24 |
| AB SVENSK ELEMENTS (RJA) | -2.49% | +1.15% | +93.74 |
| IPATH DJ-AIG COFFEE (JO) | -4.82% | +0.76% | +62.07 |
| IPATH DJ-AIG COCOA (NIB) | +5.71% | +4.98% | +406.93 |
| IPATH DJ-AIG COTTON (BAL) | +14.17% | +3.49% | +285.23 |
| IPATH DOW JONES-AIG SUGAR TOTAL (SGG) | +21.03% | -0.12% | -9.46 |
| IPATH DJ-AIG ALUMINU (JJU) | +8.24% | +1.94% | +158.73 |
| IPATH AIG GRAINS ETN (JJG) | -7.34% | +1.87% | +152.70 |
| IPATH AIG COPPER ETN (JJC) | +47.62% | +2.51% | +204.87 |
| IPATH DJ-AIG LEAD (LD) | +37.11% | +0.75% | +61.58 |
| IPATH AIG NICKEL ETN (JJN) | +32.16% | +0.45% | +37.02 |
| IPATH DJ-AIG TIN ETN (JJT) | +18.33% | -1.36% | -110.82 |
| PS DB USD IDX BL FD (UUP) | -8.84% | -0.83% | -68.10 |
| PS DB USD IDX BR FD (UDN) | +8.47% | +1.05% | +86.06 |
| MacroShares Major Metro Housing Up (UMM) | · | -2.91% | -237.92 |
| MacroShares Major Metro Housing Down (DMM) | · | +1.10% | +89.77 |
| 300% Leverage ETFs | |||
| DIREXION DAILY 10 YR TRSY BULL 3 (TYD) | · | -2.07% | -169.08 |
| DIREXION DAILY 10 YR TRSY BEAR 3 (TYO) | · | +1.79% | +146.29 |
| DIREXION DAILY 30 YR TRSY BULL 3 (TMF) | · | -4.49% | -367.07 |
| DIREXION DAILY 30 YR TRSY BEAR 3 (TMV) | · | +4.43% | +362.21 |
| DIREXION DAILY LARGE CAP BULL 3X (BGU) | +14.26% | +0.30% | +24.90 |
| DIREXION DAILY LARGE CAP BEAR 3X (BGZ) | -48.90% | -0.70% | -57.14 |
| DIREXION DAILY MID CAP BULL 3X S (MWJ) | +16.78% | +1.57% | +128.75 |
| DIREXION DAILY MID CAP BEAR 3X S (MWN) | -14.13% | -2.19% | -179.06 |
| DIREXION DAILY SMALL CAP BULL 3X (TNA) | +3.43% | -0.64% | -52.54 |
| DIREXION DAILY SMALL CAP BEAR 3X (TZA) | -59.95% | +1.29% | +105.61 |
| DIREXION DAILY ENERGY BULL 3X SH (ERX) | -21.21% | +2.49% | +203.50 |
| DIREXION DAILY ENERGY BEAR 3X SH (ERY) | -39.32% | -2.56% | -209.32 |
| DIREXION DAILY FINANCIAL BULL 3X (FAS) | +409.83% | +417.98% | +34183.80 |
| DIREXION DAILY FINANCIAL BEAR 3X (FAZ) | -38.34% | +863.65% | +70633.04 |
| DIREXION DAILY TECHNOLOGY BULL 3 (TYH) | +83.09% | +1.42% | +116.49 |
| DIREXION DAILY TECHNOLOGY BEAR 3 (TYP) | -68.31% | -1.44% | -117.94 |
| DIREXION DAILY DEVLPD MRKTS BULL (DZK) | +39.39% | +3.51% | +287.22 |
| DIREXION DAILY DEVLPD MRKTS BEAR (DPK) | -63.35% | -3.28% | -268.07 |
| DIREXION DAILY EMRG MRKTS BULL 3 (EDC) | +119.21% | +5.60% | +457.76 |
| DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ) | -83.86% | -5.39% | -440.69 |
| ProShares 3x Ultra S&P 500 (UPRO) | · | +0.62% | +50.80 |
| Proshares 3x Short S&P 500 (SPXU) | · | -0.22% | -17.75 |
Additional stock market commentary -- for subscribers only -- can be found here: Subscriber Notes (if you're reading this in plain text format or on the blog, visit the MyClues Home Page and click on "Subscriber Notes" in the Quick Links section at the top of the page).
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· Quarter-Hourly Chart Comments
· Detailed Comments . . . .
Wednesday, July 08, 2009
Government Stimulus Dribbling Out
One of the main reasons why the economy has not, so far, reacted to government stimulus is that it's not getting out to the people it needs to get out to. Only $56 Billion of stimulus, out of the $787 Billion appropriated, has actually been spent so far. As is now clear to virtually everyone, that just isn't going to cut it in a depression. Washington is behind the curve, but the message seems to (finally!) be getting through: we need stimulus, and we need it now!
One of the problems with "shovel-ready" projects is that the country's infrastructure has been severely damaged by MBA's who thought that pushing financial figures around in a spreadsheet was equivalent to progress. Just as bad money destroys good money, this lackadaisical attitude toward production has eliminated much of the framework which made America the leading country in the world. So, when Obama asked for "shovel-ready" projects, there were virtually none.
The economy over the last three decades has transitioned from one where creative products were developed---driven by the space program to a large extent---to one where the only creativity was in dreaming up how to create more debt from the same asset on Wall Street.
It's going to take a long time to get America back into the kind of "fighting form" it had when Kennedy was President and urged America to set its sights on going to the Moon. That inspired a generation of young people to work together for real progress. In doing so, most of the inventions we take for granted today had to be developed, virtually from scratch. When you turn on your laptop, you have the space program to thank for driving research which led directly to the development of the microprocessor, for instance. To get America back into shape, it's going to take retraining a whole generation---Generation "X" (the lost generation)---into doing real work. That may not be possible. But, the generation which follows "X" ("Millennials") may be the one which gets the job done, according to Millennials Rising: The Next Great Generation.
New Energy
The Energy Department has been inundated with proposals for new energy projects. There's a great pool of ideas out there, untapped and unfunded, which can lead the country out of its addiction to oil. We also have an excellent chance to eliminate carbon emissions completely. This part of the stimulus bill is exactly the role that government must play to save the country in the long run. Here's what the Energy Department's ARPA-E had to say this afternoon:
Advanced Research Projects Agency - Energy Techline Issued on: July 8, 2009
High Interest in ARPA-E’s Initial Funding Opportunity for Transformational Energy Technology
ARPA-E Begins Review of 3,500 Potentially Transformational R&D Proposals
Washington, DC – The Advanced Research Projects Agency – Energy (ARPA-E) of the U.S. Department of Energy (DOE) completed the submission stage of its first Funding Opportunity Announcement (FOA) released April 27th, 2009. ARPA-E has received approximately 3,500 concept papers for the $150 million available as part of this FOA (DE-FOA-0000065).
The large number of submissions – “Concept Papers” - for ARPA-E’s initial FOA outstripped the expectations of industry observers and highlights America’s capacity for Energy technology innovation that can be applied to transformational research and development (R&D).
ARPA-E’s first solicitation is funded through the American Recovery and Reinvestment Act of 2009. The announcement is primarily aimed at prospective applicants who already have a relatively well-formed R&D plan for a transformational concept or new technology that can make a significant contribution if and when successfully deployed. Submitters of the most meritorious Concept Papers will be encouraged to submit Full Proposals. ARPA-E expects to provide responses to Concept Paper applicants by the end of the last week in July on whether a Concept is likely to form a basis of a successful Full Proposal. The deadline for Full Proposals is expected to be the end of August.
ARPA-E is currently planning future solicitations as part of its ongoing mission to fund and support transformational energy-related technology research and development.
For more information about ARPA-E, including updated FAQs, please visit http://arpa-e.energy.gov/.
Herd On The Street
Stocks continue to stutter step along, up one day, down the next---more down than up in fact---as early buyers get cold feet and sell after realizing they were very premature in calling an end to this depression. At the same time, those who were too timid to buy at lower levels have mustered the courage to jump in now in case history repeats itself. Of course, history never repeats---but it does rhyme from time to time:
Change From 20 Jan 2009 and 7 Jul 2009 To 8 Jul 2009
| Security | Percentage Change From 20 Jan 2009 | Percentage Change From 7 Jul 2009 | Change in Dow Jones Industrial Average Points |
|---|---|---|---|
| Dow Jones Industrial Average (index) | +2.88% | +0.18% | +14.81 |
| DIAMONDS TRUST SER 1 (DIA) | +3.17% | +0.47% | +38.04 |
| ULTRA DOW30 PROSHRS (DDM) | +2.60% | +0.86% | +70.53 |
| PT ULTRSHRT DOW30 PS (DXD) | -20.29% | -1.05% | -85.53 |
| S&P 500 (index) | +9.25% | -0.15% | -12.42 |
| S& P DEP RECEIPTS (SPY) | +9.22% | -0.07% | -5.56 |
| ULTRA S& P500 PROSHRS (SSO) | +14.11% | -0.13% | -10.26 |
| PT ULTRSHRT SP500 PS (SDS) | -30.76% | +0.27% | +21.77 |
| NYSE Composite (index) | +11.20% | -0.53% | -43.41 |
| ISHARES NYSE CMP IDX (NYC) | +11.58% | -0.29% | -23.64 |
| S&P SmallCap 600 (index) | +10.72% | -0.70% | -57.11 |
| PROSH ULTRA SMALLCAP (SAA) | +12.72% | -0.95% | -77.83 |
| SHORT SMALLCAP600 PR (SBB) | -18.08% | +0.53% | +43.61 |
| ULTRASHORT SMALLCAP6 (SDD) | -39.26% | +0.19% | +15.12 |
| Russell 2000 (index) | +10.63% | -0.94% | -76.53 |
| ISHARE RUS 2000 INDX (IWM) | +10.94% | -0.68% | -55.66 |
| ULTRA RUSSELL2000 PR (UWM) | +12.07% | -1.38% | -113.06 |
| ULTRASHORT RUSSELL20 (TWM) | -40.42% | +1.18% | +96.08 |
| NASDAQ-100 (index) | +24.25% | +0.39% | +31.57 |
| POWERSHARES QQQ TR 1 (QQQQ) | +24.14% | +0.52% | +42.56 |
| ULTRA QQQ PROSHARES (QLD) | +46.02% | +0.90% | +73.63 |
| PT UTLRSHRT QQQ PS (QID) | -44.66% | -1.33% | -108.39 |
| S&P MidCap 400 (index) | +12.51% | -0.52% | -42.79 |
| ISHARE SP MC 400 INX (IJH) | +12.77% | -0.35% | -28.31 |
| ULTRA MC400 PROSHRS (MVV) | +17.95% | -0.70% | -57.30 |
| PT ULTRSHR MC400 PS (MZZ) | -38.73% | +0.81% | +66.37 |
| GREENHAVEN CONT IDX (GCC) | +1.69% | -1.19% | -96.96 |
| Amex Gold (index) | +13.75% | -4.01% | -327.64 |
| MKT VECT GOLD MNRS (GDX) | +13.96% | -3.62% | -295.15 |
| STREETTRACKS GOLD TR (GLD) | +5.62% | -1.59% | -129.60 |
| IPATH DJ-AIG PLATINU (PGM) | +14.78% | -3.39% | -276.98 |
| DB GOLD DBL SH ETN (DZZ) | -14.35% | +3.25% | +264.93 |
| DB GOLD DBL LG ETN (DGP) | +8.22% | -3.29% | -268.48 |
| Semiconductor Sector (index) | +26.04% | -0.92% | -75.11 |
| ULTRA SEMICONDUCTORS (USD) | +56.63% | -2.64% | -215.64 |
| ULTRASHORT SEMICONDU (SSG) | -56.47% | +2.61% | +213.23 |
| ISHARE DJ FIN SC INX (IYF) | +27.24% | -1.61% | -131.35 |
| ISHARES LEHMAN 20 YR (TLT) | -15.56% | +1.85% | +150.78 |
| ISHARESLEHMAN 7-10YR (IEF) | -5.71% | +1.15% | +94.11 |
| ISHARES LEH AGG FD (AGG) | -0.23% | +0.55% | +44.71 |
| ISHARES GS $ INVESTO (LQD) | +0.36% | +0.91% | +74.62 |
| ISHARES LEHMAN 1-3YR (SHY) | -0.76% | +0.16% | +12.67 |
| ProShares ETFs | |||
| ProShares Ultra Russell3000 (UWC) | · | -1.11% | -90.66 |
| ProShares UltraShort Russell3000 (TWQ) | · | +2.04% | +166.37 |
| PROSHARES ULTRASHORT LEHMAN 7-10 (PST) | +2.89% | -2.12% | -173.35 |
| PROSHARES ULTRASHORT LEHMAN 20YR (TBT) | +19.89% | -3.67% | -299.28 |
| SHORT QQQ PROSHARES (PSQ) | -23.80% | -0.49% | -39.99 |
| SHRT DOW30 PROSHARES (DOG) | -8.79% | -0.43% | -35.50 |
| SHRT S& P500 PROSHRS (SH) | -14.63% | +0.12% | +9.54 |
| SHRT MC400 PROSHARES (MYY) | -18.73% | +0.55% | +44.50 |
| SHORT SMALLCAP600 PR (SBB) | -18.08% | +0.53% | +43.61 |
| SHORT RUSSELL2000 PR (RWM) | -19.14% | +0.82% | +67.20 |
| PT UTLRSHRT QQQ PS (QID) | -44.66% | -1.33% | -108.39 |
| PT ULTRSHRT DOW30 PS (DXD) | -20.29% | -1.05% | -85.53 |
| PT ULTRSHRT SP500 PS (SDS) | -30.76% | +0.27% | +21.77 |
| PT ULTRSHR MC400 PS (MZZ) | -38.73% | +0.81% | +66.37 |
| ULTRASHORT SMALLCAP6 (SDD) | -39.26% | +0.19% | +15.12 |
| ULTRASHORT RUSSELL20 (TWM) | -40.42% | +1.18% | +96.08 |
| PST ULSHT RSL1K VALU (SJF) | -29.67% | +1.33% | +108.41 |
| PST ULSHT RSL1K GR (SFK) | -35.33% | -1.09% | -88.71 |
| PST ULSHT RSL MC VAL (SJL) | -40.99% | +1.66% | +135.24 |
| PST ULSHT RSL MC GR (SDK) | -44.44% | +0.08% | +6.68 |
| PST ULTSHT RSL2K VAL (SJH) | -37.26% | +1.79% | +146.11 |
| PST ULSHT RSL2K GR (SKK) | -51.64% | +1.88% | +153.69 |
| ULTRASHORT BASIC MAT (SMN) | -50.19% | +0.97% | +78.78 |
| ULTRASHORT CONSUMER (SZK) | -21.13% | +0.41% | +33.07 |
| ULTRASHORT CONSUMER (SCC) | -30.56% | -1.92% | -156.79 |
| ULTRASHORT FINANCIAL (SKF) | -76.18% | +2.93% | +238.80 |
| ULTRASHORT HEALTH CA (RXD) | -16.29% | -1.32% | -107.86 |
| ULTRASHORT INDUSTRIA (SIJ) | -26.66% | +0.72% | +58.86 |
| ULTRASHORT OIL & GAS (DUG) | -22.44% | +0.18% | +15.10 |
| ULTRASHORT REAL ESTA (SRS) | -69.11% | +2.32% | +189.59 |
| ULTRASHORT SEMICONDU (SSG) | -56.47% | +2.61% | +213.23 |
| ULTRASHORT TECHNOLOG (REW) | -49.95% | -0.46% | -37.47 |
| ULTRASHORT UTILITIES (SDP) | -24.70% | +0.15% | +11.87 |
| PROSHARES SHR MSCI E (EUM) | -38.39% | +0.95% | +77.82 |
| PROSHARES SHORT MSCI (EFZ) | -22.78% | +0.67% | +54.62 |
| PROSHARES ULTRASHORT (EFU) | -44.35% | +0.95% | +77.86 |
| PROSHARES UTLRASHORT (EEV) | -65.77% | +2.27% | +184.96 |
| PROSHARES US MSCI JP (EWV) | -31.17% | -0.03% | -2.80 |
| PROSHARES ULTRASHORT (FXP) | -73.05% | +1.83% | +149.33 |
| ULTRA QQQ PROSHARES (QLD) | +46.02% | +0.90% | +73.63 |
| ULTRA DOW30 PROSHRS (DDM) | +2.60% | +0.86% | +70.53 |
| ULTRA S& P500 PROSHRS (SSO) | +14.11% | -0.13% | -10.26 |
| ULTRA MC400 PROSHRS (MVV) | +17.95% | -0.70% | -57.30 |
| PROSH ULTRA SMALLCAP (SAA) | +12.72% | -0.95% | -77.83 |
| ULTRA RUSSELL2000 PR (UWM) | +12.07% | -1.38% | -113.06 |
| PST ULT RUS1000 VAL (UVG) | +3.40% | -1.48% | -120.64 |
| PST ULT RSL1000 GR (UKF) | +26.76% | +0.78% | +63.83 |
| PST ULT RSL MC VALU (UVU) | +5.30% | -2.21% | -180.08 |
| PST ULT RSL MC GR PS (UKW) | +29.55% | -1.30% | -105.79 |
| PST ULT RSL2000 VALU (UVT) | -0.54% | -1.38% | -113.03 |
| PST ULT RSL2000 GR (UKK) | +26.10% | -1.93% | -157.79 |
| ULTRA BASIC MATERIAL (UYM) | +26.03% | -0.86% | -70.10 |
| ULTRA CONSUMER GOODS (UGE) | +11.46% | -0.25% | -20.76 |
| ULTRA CONSUMER SERVI (UCC) | +15.03% | +1.78% | +145.04 |
| ULTRA FINANCIALS PRO (UYG) | +24.91% | -3.40% | -277.52 |
| ULTRA HEALTH CARE PR (RXL) | +5.45% | +1.39% | +113.42 |
| ULTRA INDUSTRIALS PR (UXI) | -4.09% | -0.98% | -80.22 |
| ULTRA OIL & GAS PROS (DIG) | -6.90% | -0.26% | -21.42 |
| ULTRA REAL ESTATE PR (URE) | -21.36% | -1.88% | -153.55 |
| ULTRA SEMICONDUCTORS (USD) | +56.63% | -2.64% | -215.64 |
| ULTRA TECHNOLOGY PRO (ROM) | +56.17% | +0.31% | +25.20 |
| ULTRA UTILITIES PROS (UPW) | -9.09% | -0.59% | -48.42 |
| Other ETFs | |||
| PWRSHRS NDQ INTERNET (PNQI) | +43.61% | -0.28% | -22.93 |
| POWERSHARES DB BASE (BOM) | -38.86% | +5.75% | +469.33 |
| POWERSHARES DB BASE (BDD) | +45.68% | -6.99% | -570.25 |
| POWERSHARES DB BASE (BDG) | +21.46% | -0.94% | -76.82 |
| POWERSHARES DB CRUDE (DTO) | -48.25% | +5.08% | +414.61 |
| POWERSHARES DB CRUDE (SZO) | -22.42% | +2.65% | +216.63 |
| POWERSHARES DB CRUDE (DXO) | +41.13% | -4.37% | -356.88 |
| POWERSHARES DB CRUDE (OLO) | +20.92% | -2.29% | -186.84 |
| IPATH ETN CRUDE OIL (OIL) | +11.85% | -3.79% | -309.31 |
| IPATH NAT GAS ETN (GAZ) | -39.80% | -0.89% | -72.44 |
| IPATH AIG ENERGY ETN (JJE) | -5.52% | -3.53% | -288.49 |
| MKT VECT AGRBSHS (MOO) | +25.57% | -1.40% | -113.90 |
| PS GLOBAL AGRICULTURE (PAGG) | +27.92% | -2.07% | -169.24 |
| POWERSHARES DB AGRIC (DBA) | -3.37% | +1.99% | +162.58 |
| IPATH AIG AGRI ETN (JJA) | -3.08% | -0.23% | -19.08 |
| AB SVENSK ELEMENTS (RJA) | -3.59% | +1.16% | +94.65 |
| IPATH DJ-AIG COFFEE (JO) | -5.54% | -2.20% | -179.45 |
| IPATH DJ-AIG COCOA (NIB) | +0.70% | +2.96% | +241.44 |
| IPATH DJ-AIG COTTON (BAL) | +10.32% | +0.76% | +61.66 |
| IPATH DOW JONES-AIG SUGAR TOTAL (SGG) | +21.17% | +1.61% | +131.15 |
| IPATH DJ-AIG ALUMINU (JJU) | +6.18% | -2.95% | -241.13 |
| IPATH AIG GRAINS ETN (JJG) | -9.04% | +0.83% | +67.80 |
| IPATH AIG COPPER ETN (JJC) | +44.01% | -1.67% | -136.73 |
| IPATH AIG NICKEL ETN (JJN) | +31.57% | -5.40% | -440.52 |
| IPATH DJ-AIG TIN ETN (JJT) | +19.95% | -8.47% | -691.06 |
| PS DB USD IDX BL FD (UUP) | -8.08% | -0.12% | -10.18 |
| PS DB USD IDX BR FD (UDN) | +7.34% | +0.19% | +15.37 |
| MacroShares Major Metro Housing Up (UMM) | · | -1.79% | -145.78 |
| MacroShares Major Metro Housing Down (DMM) | · | -0.08% | -6.72 |
| 300% Leverage ETFs | |||
| DIREXION DAILY 10 YR TRSY BULL 3 (TYD) | · | +3.71% | +303.08 |
| DIREXION DAILY 10 YR TRSY BEAR 3 (TYO) | · | -3.81% | -310.69 |
| DIREXION DAILY 30 YR TRSY BULL 3 (TMF) | · | +6.22% | +507.91 |
| DIREXION DAILY 30 YR TRSY BEAR 3 (TMV) | · | -6.18% | -504.52 |
| DIREXION DAILY LARGE CAP BULL 3X (BGU) | +13.91% | 0.00% | 0.00 |
| DIREXION DAILY LARGE CAP BEAR 3X (BGZ) | -48.54% | +0.55% | +45.06 |
| DIREXION DAILY MID CAP BULL 3X S (MWJ) | +14.97% | -1.03% | -84.25 |
| DIREXION DAILY MID CAP BEAR 3X S (MWN) | -12.21% | +1.29% | +105.31 |
| DIREXION DAILY SMALL CAP BULL 3X (TNA) | +4.10% | -2.22% | -181.19 |
| DIREXION DAILY SMALL CAP BEAR 3X (TZA) | -60.47% | +1.82% | +148.37 |
| DIREXION DAILY ENERGY BULL 3X SH (ERX) | -23.12% | -0.43% | -34.87 |
| DIREXION DAILY ENERGY BEAR 3X SH (ERY) | -37.73% | +0.22% | +17.95 |
| DIREXION DAILY FINANCIAL BULL 3X (FAS) | -1.57% | -4.82% | -393.18 |
| DIREXION DAILY FINANCIAL BEAR 3X (FAZ) | -93.60% | +4.64% | +378.65 |
| DIREXION DAILY TECHNOLOGY BULL 3 (TYH) | +80.52% | +0.48% | +38.94 |
| DIREXION DAILY TECHNOLOGY BEAR 3 (TYP) | -67.84% | -0.16% | -13.43 |
| DIREXION DAILY DEVLPD MRKTS BULL (DZK) | +34.66% | -2.13% | -174.03 |
| DIREXION DAILY DEVLPD MRKTS BEAR (DPK) | -62.11% | +1.44% | +117.31 |
| DIREXION DAILY EMRG MRKTS BULL 3 (EDC) | +107.59% | -3.03% | -247.17 |
| DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ) | -82.95% | +3.30% | +269.48 |
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· Quarter-Hourly Chart Comments
· Detailed Comments . . . .
Tuesday, July 07, 2009
The Government Is Pulling the Plug on the Stock Market
Sea Level To Rise 25 Meters ± 5
As the Earth thaws and the polar ice caps disappear, the level of the seas around the world are rising. To find out just how high those levels will be in the future, researchers looked back in time to find out just what things were like. About 3 million years ago, at a time before the Earth was plunged into a cooling phase which resulted in the formation of polar ice caps, sea levels were approximately 25 meters higher than today. According to researchers,
"Even if we would curb all CO2 emissions today, and stabilise at the modern level (387 parts per million by volume), then our natural relationship suggests that sea level would continue to rise to about 25 m above the present. That is, it would rise to a level similar to that measured for the Middle Pliocene."
The Futility of Fighting Earth's Natural Warming
The efforts to stop "Global Warming" are ridiculous attempts to stop a natural process from occuring. It's clear that we aren't going to eliminate all CO2 emissions anytime in the near future---if we tried, the economy would totally collapse. We should understand that and get on with the process of coping with climate change, rather than acting like reducing our "carbon footprint" is going to make any difference in the long run.
Now, if you're serious about climate change, it's time to invent a planet-sized air conditioner. Good luck, you'll need it.
The Next Stimulus Campaign Has Begun
After months of buying day after day after day to prop stock prices up, the government has finally decided to let the market fall again. That was the case Tuesday as the market failed to follow through with any strength whatsoever as the earnings confessionals started. Certainly, it doesn't take an Einstein to realize that the economy just isn't recovering no matter how many times a day Obama gets on the boob tube to tell us how things are going to be better. Then, of course, Biden gets on the tube and says, "We screwed up."
There was a time back in the Bush Administration when pushing stock prices to inflated levels would actually restart the economy. That was back in the days when credit was being created by every Tom, Dick and Suzie mortgage broker for any homebuyer who could demonstrate a pulse. But, pushing stock prices up to the stratosphere in an environment where tens of trillions of dollars worth of debt has been destroyed (with tens of trillions more to meet that same fate) just isn't going to cut it in the new, much slower, economy. Higher stock prices don't mean new equity---they are simply more hot air just like the debt that was created during the series of bubbles the government blew over the last three decades. And, higher stock prices for the last four months have done nothing to pull the economy out of depression, or to save any jobs.
One likely explanation for the sudden shift to selling stocks instead of buying them: the Administration has admitted they didn't know how bad the economy was in until late last week when the Employment Report showed there was no recovery at all. So, in order to convince Congress that a new stimulus bill must be passed, they have decided to plunge stock prices back down. There's nothing like having shareholders calling their representatives, demanding action to revive the economy to get Congress to write another stimulus check. PPT now stands for "Plunge Production Team."
There ain't no such thing as a free market (TANSTAAFM).
Herd On The Street
The market continued on the path of least resistance from the upper part of the stratosphere Tuesday:
Change From 20 Jan 2009 and 6 Jul 2009 To 7 Jul 2009
| Security | Percentage Change From 20 Jan 2009 | Percentage Change From 6 Jul 2009 | Change in Dow Jones Industrial Average Points |
|---|---|---|---|
| Dow Jones Industrial Average (index) | +2.70% | -1.94% | -161.27 |
| DIAMONDS TRUST SER 1 (DIA) | +2.69% | -2.04% | -170.00 |
| ULTRA DOW30 PROSHRS (DDM) | +1.72% | -4.18% | -347.62 |
| PT ULTRSHRT DOW30 PS (DXD) | -19.44% | +4.27% | +355.36 |
| S&P 500 (index) | +9.41% | -1.94% | -161.50 |
| S& P DEP RECEIPTS (SPY) | +9.30% | -1.94% | -161.31 |
| ULTRA S& P500 PROSHRS (SSO) | +14.26% | -3.98% | -331.39 |
| PT ULTRSHRT SP500 PS (SDS) | -30.94% | +3.97% | +330.34 |
| NYSE Composite (index) | +11.79% | -2.00% | -166.44 |
| ISHARES NYSE CMP IDX (NYC) | +11.90% | -1.97% | -163.85 |
| S&P SmallCap 600 (index) | +11.50% | -1.76% | -146.83 |
| PROSH ULTRA SMALLCAP (SAA) | +13.80% | -4.02% | -334.35 |
| SHORT SMALLCAP600 PR (SBB) | -18.52% | +1.95% | +161.93 |
| ULTRASHORT SMALLCAP6 (SDD) | -39.38% | +4.05% | +336.92 |
| Russell 2000 (index) | +11.68% | -2.00% | -166.27 |
| ISHARE RUS 2000 INDX (IWM) | +11.70% | -2.16% | -180.06 |
| ULTRA RUSSELL2000 PR (UWM) | +13.64% | -4.36% | -362.95 |
| ULTRASHORT RUSSELL20 (TWM) | -41.11% | +4.56% | +380.01 |
| NASDAQ-100 (index) | +23.77% | -2.37% | -197.07 |
| POWERSHARES QQQ TR 1 (QQQQ) | +23.50% | -2.49% | -206.89 |
| ULTRA QQQ PROSHARES (QLD) | +44.72% | -5.00% | -416.47 |
| PT UTLRSHRT QQQ PS (QID) | -43.92% | +4.92% | +409.58 |
| S&P MidCap 400 (index) | +13.10% | -2.24% | -186.64 |
| ISHARE SP MC 400 INX (IJH) | +13.16% | -2.42% | -201.67 |
| ULTRA MC400 PROSHRS (MVV) | +18.78% | -4.72% | -392.99 |
| PT ULTRSHR MC400 PS (MZZ) | -39.22% | +4.81% | +400.59 |
| GREENHAVEN CONT IDX (GCC) | +2.91% | -2.23% | -185.91 |
| Amex Gold (index) | +18.50% | -0.47% | -39.51 |
| MKT VECT GOLD MNRS (GDX) | +18.23% | -1.16% | -96.91 |
| STREETTRACKS GOLD TR (GLD) | +7.32% | -0.06% | -4.59 |
| IPATH DJ-AIG PLATINU (PGM) | +18.81% | -1.01% | -84.18 |
| DB GOLD DBL SH ETN (DZZ) | -17.04% | +0.19% | +15.47 |
| DB GOLD DBL LG ETN (DGP) | +11.90% | -0.31% | -25.59 |
| Semiconductor Sector (index) | +27.21% | -2.74% | -227.97 |
| ULTRA SEMICONDUCTORS (USD) | +60.88% | -4.82% | -401.51 |
| ULTRASHORT SEMICONDU (SSG) | -57.58% | +4.69% | +390.23 |
| ISHARE DJ FIN SC INX (IYF) | +29.32% | -1.56% | -129.82 |
| ISHARES LEHMAN 20 YR (TLT) | -17.09% | +0.67% | +55.72 |
| ISHARESLEHMAN 7-10YR (IEF) | -6.79% | +0.40% | +33.04 |
| ISHARES LEH AGG FD (AGG) | -0.78% | +0.32% | +26.95 |
| ISHARES GS $ INVESTO (LQD) | -0.55% | -0.40% | -33.32 |
| ISHARES LEHMAN 1-3YR (SHY) | -0.91% | -0.01% | -0.99 |
| ProShares ETFs | |||
| ProShares Ultra Russell3000 (UWC) | · | -1.99% | -165.75 |
| ProShares UltraShort Russell3000 (TWQ) | · | +2.81% | +233.89 |
| PROSHARES ULTRASHORT LEHMAN 7-10 (PST) | +5.13% | -0.89% | -74.24 |
| PROSHARES ULTRASHORT LEHMAN 20YR (TBT) | +24.45% | -1.47% | -122.57 |
| SHORT QQQ PROSHARES (PSQ) | -23.43% | +2.49% | +207.55 |
| SHRT DOW30 PROSHARES (DOG) | -8.39% | +2.18% | +181.27 |
| SHRT S& P500 PROSHRS (SH) | -14.73% | +2.06% | +171.26 |
| SHRT MC400 PROSHARES (MYY) | -19.17% | +2.28% | +189.87 |
| SHORT SMALLCAP600 PR (SBB) | -18.52% | +1.95% | +161.93 |
| SHORT RUSSELL2000 PR (RWM) | -19.80% | +2.02% | +168.35 |
| PT UTLRSHRT QQQ PS (QID) | -43.92% | +4.92% | +409.58 |
| PT ULTRSHRT DOW30 PS (DXD) | -19.44% | +4.27% | +355.36 |
| PT ULTRSHRT SP500 PS (SDS) | -30.94% | +3.97% | +330.34 |
| PT ULTRSHR MC400 PS (MZZ) | -39.22% | +4.81% | +400.59 |
| ULTRASHORT SMALLCAP6 (SDD) | -39.38% | +4.05% | +336.92 |
| ULTRASHORT RUSSELL20 (TWM) | -41.11% | +4.56% | +380.01 |
| PST ULSHT RSL1K VALU (SJF) | -30.59% | +4.04% | +336.70 |
| PST ULSHT RSL1K GR (SFK) | -34.62% | +4.07% | +338.90 |
| PST ULSHT RSL MC VAL (SJL) | -41.95% | +4.56% | +379.88 |
| PST ULSHT RSL MC GR (SDK) | -44.49% | +4.63% | +385.13 |
| PST ULTSHT RSL2K VAL (SJH) | -38.36% | +3.96% | +329.57 |
| PST ULSHT RSL2K GR (SKK) | -52.54% | +4.09% | +340.67 |
| ULTRASHORT BASIC MAT (SMN) | -50.67% | +5.53% | +460.25 |
| ULTRASHORT CONSUMER (SZK) | -21.45% | +2.47% | +206.00 |
| ULTRASHORT CONSUMER (SCC) | -29.20% | +3.82% | +318.27 |
| ULTRASHORT FINANCIAL (SKF) | -76.86% | +3.71% | +308.68 |
| ULTRASHORT HEALTH CA (RXD) | -15.16% | +0.57% | +47.41 |
| ULTRASHORT INDUSTRIA (SIJ) | -27.18% | +6.42% | +534.79 |
| ULTRASHORT OIL & GAS (DUG) | -22.58% | +5.51% | +458.88 |
| ULTRASHORT REAL ESTA (SRS) | -69.81% | +7.87% | +654.81 |
| ULTRASHORT SEMICONDU (SSG) | -57.58% | +4.69% | +390.23 |
| ULTRASHORT TECHNOLOG (REW) | -49.72% | +4.86% | +404.63 |
| ULTRASHORT UTILITIES (SDP) | -24.81% | +4.40% | +366.35 |
| PROSHARES SHR MSCI E (EUM) | -38.97% | +2.56% | +212.86 |
| PROSHARES SHORT MSCI (EFZ) | -23.29% | +2.27% | +188.77 |
| PROSHARES ULTRASHORT (EFU) | -44.87% | +4.70% | +390.98 |
| PROSHARES UTLRASHORT (EEV) | -66.53% | +4.70% | +391.08 |
| PROSHARES US MSCI JP (EWV) | -31.15% | +2.39% | +198.98 |
| PROSHARES ULTRASHORT (FXP) | -73.54% | +7.10% | +591.24 |
| ULTRA QQQ PROSHARES (QLD) | +44.72% | -5.00% | -416.47 |
| ULTRA DOW30 PROSHRS (DDM) | +1.72% | -4.18% | -347.62 |
| ULTRA S& P500 PROSHRS (SSO) | +14.26% | -3.98% | -331.39 |
| ULTRA MC400 PROSHRS (MVV) | +18.78% | -4.72% | -392.99 |
| PROSH ULTRA SMALLCAP (SAA) | +13.80% | -4.02% | -334.35 |
| ULTRA RUSSELL2000 PR (UWM) | +13.64% | -4.36% | -362.95 |
| PST ULT RUS1000 VAL (UVG) | +4.95% | -3.66% | -304.77 |
| PST ULT RSL1000 GR (UKF) | +25.78% | -4.03% | -335.36 |
| PST ULT RSL MC VALU (UVU) | +7.68% | -5.09% | -424.09 |
| PST ULT RSL MC GR PS (UKW) | +31.25% | -4.44% | -369.42 |
| PST ULT RSL2000 VALU (UVT) | +0.85% | -4.20% | -349.68 |
| PST ULT RSL2000 GR (UKK) | +28.58% | -4.10% | -341.12 |
| ULTRA BASIC MATERIAL (UYM) | +27.12% | -5.37% | -447.46 |
| ULTRA CONSUMER GOODS (UGE) | +11.75% | -2.69% | -224.32 |
| ULTRA CONSUMER SERVI (UCC) | +13.02% | -3.95% | -328.77 |
| ULTRA FINANCIALS PRO (UYG) | +29.30% | -3.55% | -295.69 |
| ULTRA HEALTH CARE PR (RXL) | +4.00% | -0.69% | -57.43 |
| ULTRA INDUSTRIALS PR (UXI) | -3.14% | -6.13% | -510.42 |
| ULTRA OIL & GAS PROS (DIG) | -6.65% | -5.10% | -424.88 |
| ULTRA REAL ESTATE PR (URE) | -19.85% | -7.00% | -582.50 |
| ULTRA SEMICONDUCTORS (USD) | +60.88% | -4.82% | -401.51 |
| ULTRA TECHNOLOGY PRO (ROM) | +55.69% | -4.89% | -407.28 |
| ULTRA UTILITIES PROS (UPW) | -8.55% | -4.34% | -361.23 |
| Other ETFs | |||
| PWRSHRS NDQ INTERNET (PNQI) | +44.01% | -1.98% | -165.03 |
| POWERSHARES DB BASE (BOM) | -42.18% | +0.84% | +69.53 |
| POWERSHARES DB BASE (BDD) | +56.62% | +0.62% | +51.32 |
| POWERSHARES DB BASE (BDG) | +22.62% | -1.48% | -123.48 |
| POWERSHARES DB CRUDE (DTO) | -50.75% | +4.29% | +356.75 |
| POWERSHARES DB CRUDE (SZO) | -24.43% | +2.31% | +192.65 |
| POWERSHARES DB CRUDE (DXO) | +47.58% | -4.94% | -410.84 |
| POWERSHARES DB CRUDE (OLO) | +23.75% | -2.07% | -172.24 |
| IPATH ETN CRUDE OIL (OIL) | +16.26% | -2.93% | -244.21 |
| IPATH NAT GAS ETN (GAZ) | -39.26% | -3.04% | -253.44 |
| IPATH DJ-AIG SOFTS (JJS) | +10.16% | +0.12% | +10.39 |
| MKT VECT AGRBSHS (MOO) | +27.35% | -3.11% | -259.31 |
| PS GLOBAL AGRICULTURE (PAGG) | +30.63% | -1.65% | -137.40 |
| POWERSHARES DB AGRIC (DBA) | -5.26% | -3.28% | -272.95 |
| IPATH AIG AGRI ETN (JJA) | -2.85% | -3.27% | -271.92 |
| AB SVENSK ELEMENTS (RJA) | -4.70% | -2.40% | -200.17 |
| IPATH DJ-AIG COFFEE (JO) | -3.42% | -0.57% | -47.26 |
| IPATH DJ-AIG COCOA (NIB) | -2.20% | -0.92% | -76.24 |
| IPATH DJ-AIG COTTON (BAL) | +9.49% | -2.68% | -223.49 |
| IPATH DOW JONES-AIG SUGAR TOTAL (SGG) | +19.25% | -2.69% | -223.80 |
| IPATH DJ-AIG ALUMINU (JJU) | +9.41% | -1.02% | -84.66 |
| IPATH AIG GRAINS ETN (JJG) | -9.79% | -5.22% | -434.70 |
| IPATH AIG COPPER ETN (JJC) | +46.46% | -2.87% | -238.99 |
| IPATH AIG NICKEL ETN (JJN) | +39.07% | -2.71% | -225.47 |
| IPATH DJ-AIG TIN ETN (JJT) | +31.04% | -5.31% | -442.40 |
| PS DB USD IDX BL FD (UUP) | -7.96% | +0.42% | +34.76 |
| PS DB USD IDX BR FD (UDN) | +7.14% | -0.52% | -43.65 |
| MacroShares Major Metro Housing Up (UMM) | · | -18.60% | -1548.81 |
| MacroShares Major Metro Housing Down (DMM) | · | +9.19% | +765.19 |
| 300% Leverage ETFs | |||
| DIREXION DAILY 10 YR TRSY BULL 3 (TYD) | · | +1.14% | +95.28 |
| DIREXION DAILY 10 YR TRSY BEAR 3 (TYO) | · | -1.35% | -112.56 |
| DIREXION DAILY 30 YR TRSY BULL 3 (TMF) | · | +2.22% | +184.59 |
| DIREXION DAILY 30 YR TRSY BEAR 3 (TMV) | · | -2.25% | -187.26 |
| DIREXION DAILY LARGE CAP BULL 3X (BGU) | +13.91% | -5.92% | -492.82 |
| DIREXION DAILY LARGE CAP BEAR 3X (BGZ) | -48.82% | +5.93% | +493.34 |
| DIREXION DAILY MID CAP BULL 3X S (MWJ) | +16.17% | -7.23% | -601.67 |
| DIREXION DAILY MID CAP BEAR 3X S (MWN) | -13.33% | +7.60% | +632.28 |
| DIREXION DAILY SMALL CAP BULL 3X (TNA) | +6.46% | -6.54% | -544.13 |
| DIREXION DAILY SMALL CAP BEAR 3X (TZA) | -61.17% | +6.24% | +519.88 |
| DIREXION DAILY ENERGY BULL 3X SH (ERX) | -22.79% | -7.62% | -634.06 |
| DIREXION DAILY ENERGY BEAR 3X SH (ERY) | -37.86% | +7.65% | +637.09 |
| DIREXION DAILY FINANCIAL BULL 3X (FAS) | +3.41% | -5.40% | -449.18 |
| DIREXION DAILY FINANCIAL BEAR 3X (FAZ) | -93.89% | +5.27% | +439.01 |
| DIREXION DAILY TECHNOLOGY BULL 3 (TYH) | +79.66% | -7.36% | -612.53 |
| DIREXION DAILY TECHNOLOGY BEAR 3 (TYP) | -67.79% | +7.28% | +606.18 |
| DIREXION DAILY DEVLPD MRKTS BULL (DZK) | +37.59% | -6.34% | -527.51 |
| DIREXION DAILY DEVLPD MRKTS BEAR (DPK) | -62.65% | +7.38% | +614.61 |
| DIREXION DAILY EMRG MRKTS BULL 3 (EDC) | +114.07% | -6.67% | -555.06 |
| DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ) | -83.49% | +7.29% | +607.02 |
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