Click here to listen to Through A Trader’s Eyes Podcast #13 – March 10, 2010
Filed under:
Money & Investing
- Enjoy the long weekend everyone!
- #ISM giving traders a reason to sell. The pause that refreshes.
- #ISM comes in less than expected. 51.5 vs. estimate of 53.2 . Will bulls ignore this number? Market has dropped a tad.
- Best ETFs on the day are high beta Russell 2000 & anything betting against treasuries.
- American bond ETFs selling off in the last few days. Sovereign debt ETFs & funds holding up.
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What’s your take on SLX the last few days?
Karl, new double and triple etfs are coming out as follows:
BRIL,Daily BRIC Bull 2x Shares
INDL,Daily India Bull 2x Shares
SOXL,Daily Semiconductor Bull 3x Shares
BRIS,Daily BRIC Bear 2x Shares
INDZ,Daily India Bear 2x Shares
SOXS,Daily Semiconductor Bear 3x Shares
Do these make sense for equity only or can options be used for short term without rollover costs killing you?
Just some thoughts.
SLX is a little extended in the short-term like a lot of stocks but I’d be buying on dips.
Robert,
I don’t see why they wouldn’t have the same issues as the rest of the leveraged etfs. However, Direxion funds is coming out with funds that do monthly re-balancing instead of daily re-balancing. On the ETFs though, here is what their site says on the India fund: “The Direxion Daily India Bull 2x Shares seeks daily investment results, before fees and expenses, of 200% of the price performance of the Indus India Index. There is no guarantee the fund will meet its stated investment objective.”