Calling All Day Traders: DEE
by Sam Collins 02/08/10
Free Trading Guides
PowerShares DB Commodity Double Short ETN (DEE) -- This ETF seeks to replicate, net of expenses, twice the inverse of the Deutsche Bank Liquid Commodity Total Return Index, which is based on crude oil, heating oil, corn, wheat, gold and aluminum.
On Dec. 9, with DEE at $55, the Trade of the Day said, “A further drop in these futures contracts in reaction to a stronger dollar could provide for a quick 10-point trade.”
We got our 10-point trade and, in the event of a general market rally, buy DEE at $55 again for another 10-point trade. But be careful -- this is a very volatile, speculative ETF that is designed for the day trader. If you buy it, be aware of the risk and use a stop-loss order to protect against unlimited loss.
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