Smart Tech Play: UltraShort Semiconductors ETF
by Sam Collins 03/10/09
ProShares UltraShort Semiconductors ETF (SSG) -- This Exchange-Traded Fund (ETF) seeks daily investment results that correspond to twice the inverse of the daily performance of the Dow Jones U.S. Semiconductor Index. It has been building a base since early in January.
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Now with further weakness in the technology sector and better upside volume in this UltraShort ETF, it may be able to punch through the 200-day moving average and into the target for this trade which is the gap at $87 to $119.
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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.
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