L'intérêt à découvert pour ProShares Ultra Financials donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de ProShares Ultra Financials. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

ProShares Ultra Financials (ARCA:UYG), Rapport sur les intérêts à découvert

ProShares Ultra Financials

Financial Services

Technology

Other

Industrials

Healthcare

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index seeks to measure the performance of certain companies in the financial services sector of the U.S. equity market. The fund is non-diversified.

Berkshire Hathaway Inc., Cl. B

Jpmorgan Chase & Co

Visa Inc-Class A Shares

Berkshire Hathaway Inc., Class B

In 1928, Congress passed a joint resolution establishing Child Health Day, the express <a href="https://www.law.cornell.edu/uscode/text/36/105">purpose </a>of which was to raise awareness &ldquo;of the fundamental necessity of a year-round program to protect and develop the health of the children of the United States.&rdquo;
Monday, on the nation&rsquo;s 88th Child Health Day, Congress is reflecting on its failure to renew the <a href="https://www.healthcare.gov/medicaid-chip/childrens-health-insurance-program/">Children&rsquo;s Health Insurance Program</a>, which technically expired Friday amid House attempts to repeal the Affordable Care Act.
For the last 20 years, CHIP has provided comprehensive coverage to youth whose parents earn too much to qualify for Medicaid. The law is credited with decreasing the percentage of children without insurance from 14 percent in 1997 to 4.5 percent in 2015.
Its continuation is now uncertain.
Related Link: <a href="https://www.benzinga.com/news/17/09/10091370/healthcare-stocks-spike-after-mccain-announces-no-vote-on-graham-cassidy-proposa">Health Care Stocks Spike After McCain Announces 'No' Vote On Graham-Cassidy Proposal</a>
<h3>What&rsquo;s At Stake</h3>
The House Energy and Commerce Committee will <a href="https://www.axios.com/house-to-move-forward-on-chip-next-week-2490584583.html">work on a bill</a> this week to reauthorize spending, projected at $17.4 billion for 2018, but the immediate lapse could significantly impact some of the 9 million children enrolled in the program.
Although most states can extend aid with rollovers from their two-year allotments, Minnesota <a href="https://www.vox.com/policy-and-politics/2017/9/27/16373494/chip-funding-reauthorization-congress">had been on course</a> to expend its entire share Sept. 30 and was exploring &ldquo;extraordinary measures&rdquo; to continue coverage, including using $10 million from its general fund.
Some states are expected to exhaust their resources by the end of the year. Thirty-one will run out by March, according to the <a href="https://www.macpac.gov/wp-content/uploads/2017/03/Federal-CHIP-Funding_When-Will-States-Exhaust-Allotments.pdf">Medicaid and CHIP Payment and Access Commission</a>.
If Congress does not renew federal funding, states will be forced to decide whether to terminate their CHIP segments or proceed with significantly reduced budgets. Children in states that shut down the program will either shift to employer-sponsored or subsidized exchange coverage &mdash; or become uninsured.
Physicians <a href="https://www.washingtonpost.com/opinions/will-congress-force-me-to-deny-health-care-to-children-once-again/2017/08/07/734ff7fe-792a-11e7-9eac-d56bd5568db8_story.html?tid=a_inl&amp;utm_term=.c43f63b3461b">may be forced</a> to reject those uncovered patients and deny immunizations, sick visits and prescriptions, which <a href="https://www.washingtonpost.com/news/answer-sheet/wp/2017/10/01/9-million-kids-get-health-insurance-under-chip-congress-just-let-it-expire/?utm_term=.f338ac745779">may ultimately result</a> in public health crises.
At the time of publication, the Health Care SPDR (ETF) (NYSE: <a class="ticker" href="/stock/xlv#NYSE">XLV</a>) was trading at $82.41.
Related Link: <a href="https://www.benzinga.com/news/17/09/10122440/hhs-secretary-tom-price-heads-for-departure-gate-after-private-plane-scandal">HHS Secretary Tom Price Heads For Departure Gate After Private Plane Scandal</a>

News

Health Care

Politics

Legal

General

FNCL

iShares Trust S&P Global Financials Sector Index Fund

iShares Trust S&P Global Healthcare Sector Index Fund

iShares Dow Jones US Financial Sector Index Fund

iShares Trust Dow Jones US Financial Services Index Fund

iShares Trust Dow Jones US Healthcare Sector Index Fund

Rydex ETF Trust Rydex S&P Equal Weight Financial ETF

Rydex ETF Trust Rydex S&P Equal Weight Health ETF

9 Million American Children Lost Funding For Their Insurance

Sector rotation is very common in the stock market, as investors allocate investment dollars from an underperforming sector to an outperforming sector, or a sector that has the potential to offer superior returns.
"There's always rotation going on in these markets from one sector to another," Joel Elconin, co-host of Benzinga's daily <a href="https://soundcloud.com/bztv/premarket-prep-for-may-4-may-the-markets-be-with-you?in=bztv/sets/daily-broadcasts">PreMarket Prep explained during Wednesday's edition.</a> "There are a lot of different places people can place their money."
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/16/04/7823223/a-bullish-call-on-a-favorite-healthcare-etf">A Bullish Call On A Favorite Healthcare ETF</a></bzrelatedlink>
JJ Kinahan, TDAmeritrade's chief strategist was a guest on the segment and offered his expert opinion on sector rotation. He said that it was perhaps a bit surprising to see a sector rotation outside of financials, despite the fact that there has been no interest rate increase.
He added that many major financial firms touted that the exposure of their retail and corporate clients "seem to be going really well" &ndash; a fact that makes a sector rotation outside of financials even more surprising.
Kinahan continued that the healthcare segment is showing some good earnings results and he expects investors to rotate back into the space. However, he cautioned that in an election year, the healthcare sector is the most vulnerable out of every sector to rule and law changes.
<h3>A Few Relevant ETFs</h3>
<ul>
<li>iShares Dow Jones US Healthcare (ETF) (NYSE: <a class="ticker" href="/stock/iyh#NYSE">IYH</a>) is currently down 4.4 percent year-to-date, but up 7.95 percent over the last three months.</li>
<li>Guggenheim S&amp;P 500 Equal Weight Healthcare ETF (NYSE: <a class="ticker" href="/stock/ryh#NYSE">RYH</a>) is down 4.08 percent year-to-date, but up 7.66 percent over the last three months.</li>
<li>iShares S&amp;P Global Healthcare Sect.(ETF) (NYSE: <a class="ticker" href="/stock/ixj#NYSE">IXJ</a>) is down 4.31 percent year-to-date, but up 6.42 percent over the past three months.</li>
<li>ProShares Ultra Financials (ETF) (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>) is up 17.26 percent over the last three months and down 5.94 percent year-to-date.</li>
<li>Vanguard Financials ETF (NYSE: <a class="ticker" href="/stock/vfh#NYSE">VFH</a>) is up 10.62 percent over the past three months and down 2.17 percent year-to-date.</li>
<li>iShares Dow Jones US Financial (ETF) (NYSE: <a class="ticker" href="/stock/iyf#NYSE">IYF</a>) is up 10.28 percent over the three months, but down 2.29 percent year-to-date.</li>
<li>Guggenheim S&amp;P 500 Equal Weight Financials ETF (NYSE: <a class="ticker" href="/stock/ryf#NYSE">RYF</a>) is down 1.46 percent year-to-date, but up 9.77 percent over the three-month period.</li>
<li>Fidelity MSCI Financials Index ETF (NYSE: <a class="ticker" href="/stock/fncl#NYSE">FNCL</a>) is down 2.76 percent year-to-date, but up 9.82 percent over the past three months.</li>
</ul>

Analyst Color

Sector ETFs

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Interview

ETFs

Are We Seeing A Sector Rotation Away From Financials And Into Healthcare?

Stocks just keep on chugging higher. Buoyed by a surprisingly strong February jobs report, the S&amp;P 500 and the Dow Jones Industrial each gained about half a percent last Friday. 

For the week, the S&amp;P 500 added 2.2 percent and is now just one percent below its all-time high. The Dow made a succession of new record intraday highs last week.

The S&amp;P 500 has finished higher in nine of the past 10 weeks. While last week was heavy on economic data catalysts, the same cannot be said of this week. Retail sales on Wednesday and the consumer price index data, due out Friday, will be among the marquee reports. However, a lack of earnings and economic-related catalysts could mean some resting time for the bulls.

Or it could mean investors that are fearful of missing out on the rally start arriving to the party. In either case, the following will be among the ETFs traders will want to keep an eye on in the week ahead.

Financial Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xlf#NYSE">XLF</a>)
The Financial Select Sector SPDR or any of its equivalents are worthy of a place on this week's list after racing higher last week due to some encouraging stress test results. However, this week brings results of the more important bank stress tests, that being the Comprehensive Capital Analysis and Review.

The Comprehensive Capital Analysis and Review is where <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/03/3397765/the-must-know-etfs-for-bank-stress-tests">the Federal Reserve can approve or deny banks' capital plans</a> such as dividends and share repurchases. If the news on this front is positive, particularly for the likes of Bank of America (NYSE: <a class="ticker" href="/stock/bac#NYSE">BAC</a>) and Citigroup (NYSE: <a class="ticker" href="/stock/c#NYSE">C</a>), expect XLF and related ETFs to race to new highs. Leveraged alternative: ProShares Ultra Financials (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>).

First Trust NYSE Arca Biotech Index Fund (NYSE: <a class="ticker" href="/stock/fbt#NYSE">FBT</a>)
While there are no expected FDA headlines due out this week that could impact FBT and its holdings, it should be noted this ETF and its rivals have been racing to new all-time highs in recent days. That does not mean investors have missed out on the biotechnology rally. In fact, the back half of March is <a href="http://www.biopharmcatalyst.com/fda-calendar/">loaded with potential catalysts for the sector</a>.

In the meantime, strong uptrends in holdings such as Celgene (NASDAQ: <a class="ticker" href="/stock/celg#NASDAQ">CELG</a>) and Gilead Sciences (NASDAQ: <a class="ticker" href="/stock/gild#NASDAQ">GILD</a>) should continue to support FBT. As should the biotechnology sector's relatively low correlation to the S&amp;P 500 in the event of a pullback. If FBT does pullback, something that does not look imminent, investors can consider adding to existing positions in the $51-$52 area.

iShares MSCI Emerging Markets Index Fund (NYSE: <a class="ticker" href="/stock/eem#NYSE">EEM</a>)
EEM, the second-largest emerging markets ETF by assets under management, has been <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/03/3398255/2-emerging-markets-etf-myths-demystified">somewhat of a laggard this year</a>, but the fund is starting to show some signs of life.

Not only did EEM rise nearly two percent last week, but its chart is improving and <a href="http://blogs.wsj.com/marketbeat/2013/03/07/options-traders-bet-emerging-markets-fund-is-headed-higher/?mod=yahoo_hs">options traders are showing a bullish bias with the ETF</a>. 

The near-term keys for EEM include continued bullishness in Brazilian stocks and any potential for a rebound in Chinese and Indian shares. Also consider the PowerShares DWA Emerging Markets Technical Leaders ETF (NYSE: <a class="ticker" href="/stock/pie#NYSE">PIE</a>) as an alternative or complement to EEM.

For more on ETFs, click <a href="http://www.benzinga.com/etfs">here</a>.

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Broad U.S. Equity ETFs

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Specialty ETFs

New ETFs

Emerging Market ETFs

Technicals

Currency ETFs

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Intraday Update

Markets

CELG

First Trust NYSE Arca Biotechnology Index Fund

GILD

PowerShares DWA Emerging Markets Technical Leaders

A Look Ahead: This Week's ETFs to Watch 

Another day, another intrday record for the Dow Jones Industrial Average. Buoyed by a stronger-than-expected February jobs report, U.S. stocks continue to grind higher. 

Friday's action is of the modesty variety, perhaps disappointing eager bulls that were expecting more on the back of the jobs report.

Despite the Friday lethargy, nearly 300 ETFs tracking a variety of asset classes and sectors are close to <a href="http://www.finviz.com/screener.ashx?v=111&amp;f=ind_exchangetradedfund,ta_highlow52w_nh&amp;ft=3">or have already made new highs</a>. 

That can be interpreted as a positive sign and perhaps open the door for aggressive traders to embrace some bullish leveraged ETFs.

With the benefit of the SPDR S&amp;P 500 (NYSE: <a class="ticker" href="/stock/spy#NYSE">SPY</a>) rising nearly nine percent year-to-date, plenty of leveraged bull ETFs have soared as well and now look overbought. 

When it comes to using these funds over the next few weeks, the key for traders is focusing on situations, meaning identification of leveraged ETFs that are or close to a potential sweet spot that can lead to further near-term upside. Consider the following.

ProShares Ultra Financials (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>)
Plenty of traders are talking about the recent bullishness in the Financial Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xlf#NYSE">XLF</a>), the largest ETF tracking financial services stocks. 

With good reason, too. The stress results released on Thursday were mostly positive and that was enough to extend XLF's impressive year-to-date performance which has the ETF hovering near a new 52-week high.

Bringing the conversation back to UYG, this double leveraged ETF is not a play on XLF. Rather, UYG attempts to deliver two times the daily performance of the index tracked by the iShares Dow Jones U.S. Financial Sector Index Fund (NYSE: <a class="ticker" href="/stock/iyf#NYSE">IYF</a>), an ETF that has slightly outpaced XLF this year.

As <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/03/3397765/the-must-know-etfs-for-bank-stress-tests">was noted on Thursday</a>, the Comprehensive Capital Analysis and Review stress test results are due out next week. 

That is when the Federal Reserve can approve or reject banks' capital plans such as dividends and share buybacks. In other words, a significant catalyst could be looming over the next few days for UYG.

ProShares Ultra Nasdaq Biotechnology (NASDAQ: <a class="ticker" href="/stock/bib#NASDAQ">BIB</a>)
The ProShares Ultra Nasdaq Biotechnology is the double-leveraged answer to the $2.37 billion iShares Nasdaq Biotechnology Index Fund (NASDAQ: <a class="ticker" href="/stock/ibb#NASDAQ">IBB</a>). 

That means that IBB and its holdings such as Gilead Sciences (NASDAQ: <a class="ticker" href="/stock/gild#NASDAQ">GILD</a>), Amgen (NASDAQ: <a class="ticker" href="/stock/amgn#NASDAQ">AMGN</a>) and Celgene (NASDAQ: <a class="ticker" href="/stock/celg#NASDAQ">CELG</a>) are the names traders in BIB will want to keep an eye on.

One of the more obvious reasons to embrace BIB is that IBB is not just making new 52-highs, it is making all-time highs. So are the other major non-leveraged biotech ETFs such as the First Trust NYSE Arca Biotech Index Fund (NYSE: <a class="ticker" href="/stock/fbt#NYSE">FBT</a>) and the SPDR S&amp;P Biotechnology ETF (NYSE: <a class="ticker" href="/stock/xbi#NYSE">XBI</a>). 

Another reason to consider BIB is that biotech stocks have proven resilient to global macroeconomic headwinds. In other words, the sector's <a href="http://www.sectorspdr.com/correlation/">relatively low correlation to the S&amp;P 500 can be a good thing</a>.

ProShares UltraShort Yen (NYSE: <a class="ticker" href="/stock/ycs#NYSE">YCS</a>)
Alright, so we fibbed a bit because the ProShares UltraShort Yen is a bearish play on the yen. However, that means it is a bullish play on the U.S. dollar against the Japanese currency. 

Technicalities aside, USD/JPY is trading at its highest levels in nearly four years and the yen is battling with the British pound for the dubious honor of the world's worst-performing developed market currency in 2013.

Here is the lingering catalyst for YCS, though it will require hanging onto the ETF for a few weeks. The next Bank of Japan meeting is in early April and that will be the first with (presumably) Haruhio Kuroda at the helm. Prime Minister Shinzo Abe nominated Kuroda because the latter favors higher inflation and a weaker yen. 

Along those lines, it would not be surprising to see BoJ announce new monetary stimulus measures that go into effect soon after the April meeting. That means the yen likely falls and YCS keeps going higher.

For more on ETFs, click <a href="http://www.benzinga.com/etfs">here</a>.

Forex

Events

Global

AMGN

If Stocks Keep Soaring, Get to Know These Leveraged ETFs

ProShares, the largest issuer of inverse and leveraged ETFs, is issuing a challenge to rival Direxion today with the introduction of two new triple-leveraged ETFs tracking the financial services sector. 

The new ProShares funds are the ProShares UltraPro Financial ETF (NYSE: <a class="ticker" href="/stock/finu#NYSE">FINU</a>) and the ProShares UltraPro Short Financials ETF (NYSE: <a class="ticker" href="/stock/finz#NYSE">FINZ</a>). Each fund features an annual expense ratio of 0.95 percent. The ProShares UltraPro Financials ETF is designed to three times the daily performance of the Dow Jones U.S. Financials Index. FINZ is designed to deliver three times the daily inverse performance of that index. 

The The iShares Dow Jones U.S. Financial Sector Index Fund (NYSE: <a class="ticker" href="/stock/iyf#NYSE">IYF</a>) is the non-leveraged ETF that tracks the Dow Jones U.S. Financials Index. 

ProShares, the sixth-largest ETF issuer, already sponsors the ProShares Short Financials (NYSE: <a class="ticker" href="/stock/sef#NYSE">SEF</a>), the ProShares UltraShort Financials (NYSE: <a class="ticker" href="/stock/skf#NYSE">SKF</a>) and the ProShares Ultra Financials (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>), all of which track the Dow Jones U.S. Financials Index. SKY and UYG are double-leveraged products.

However, the introduction of FINU and FINZ puts ProShares in direct competition with Direxion in the triple-leveraged financial services space. The Direxion Daily Financial Bear 3X Shares (NYSE: <a class="ticker" href="/stock/faz#NYSE">FAZ</a>) and the Direxion Daily Financial Bull 3X Shares (NYSE: <a class="ticker" href="/stock/fas#NYSE">FAS</a>) are two of the most heavily traded leveraged ETFs and have dominated the triple-leveraged financial services ETF space.

FAS and FAZ track the Russell 1000 Financial Services Index. Each fund charges 0.95 percent per year.

ProShares had 134 ETFs with $22.2 billion in assets under management at the end of June, according to ETF Industry Association data.

FINU

FINZ

ProShares Adds 2 Leveraged Financial Services ETFs

Here's a quick look at some of the top performing financial stocks, year to date. These stocks all have a market cap of more than $500 million and all pay a dividend.

Banco Macro (NYSE: <a class="ticker" href="/stock/bma#NYSE">BMA</a>) shares are trading almost 27% higher year to date despite pulling back more than 5% in the past week. The Argentine bank has grown rapidly over the past several years, and it has a solid balance sheet. Its market cap is $1.5 billion and it has a long-term EPS growth forecast of 13.7% and a dividend yield of 8.4%. Over the past six months, the stock has outperformed regional peers such as Banco Frances (NYSE: <a class="ticker" href="/stock/bfr#NYSE">BFR</a>) and Grupo Financiero Galicia.

Bank of America (NYSE: <a class="ticker" href="/stock/bac#NYSE">BAC</a>) is more than 30% higher than a month ago, despite falling more than 2% in the past week. The lender just announced the hiring of 51 small business bankers to offer guidance and counsel to local small business owners. The bank was founded in 1874. It has a market cap of $72.3 billion and its dividend yield is 0.6%. But the stock has underperformed the likes of Citigroup (NYSE: <a class="ticker" href="/stock/c#NYSE">C</a>) and Wells Fargo (NYSE: <a class="ticker" href="/stock/wfc#NYSE">WFC</a>) over the past six months.

See also: <a href="http://www.benzinga.com/news/12/01/2286135/is-bank-of-america-in-major-trouble">Is Bank of America in Major Trouble?</a>

Greenhill &amp; Co. (NYSE: <a class="ticker" href="/stock/ghl#NYSE">GHL</a>) is up about 28% year to date, including a more than 8% rise in the past week. The investment bank recently posted better-than-expected Q4 results due in part to surging revenues. This New York-based company has a market cap of $1. 4 billion, a dividend yield of 3.9% and a long-term EPS growth forecast of 17.0%. The stock has outperformed competitors such as Jefferies Group (NYSE: <a class="ticker" href="/stock/jef#NYSE">JEF</a>) and Morgan Stanley (NYSE: <a class="ticker" href="/stock/ms#NYSE">MS</a>) over the past six months.

Grupo Financiero Galicia (NASDAQ: <a class="ticker" href="/stock/ggal#NASDAQ">GGAL</a>) is up about 32% in the past month. This is just one of several Argentine companies on the rise since an emerging markets analyst began buying the region's stocks. Based in Buenos Aires, the holding company has a market cap of $959.6 million, a dividend yield of 0.6%, a long-term EPS growth forecast of 46.0% and a P/E ratio of 4.4. Over the past month, the stock's performance has been largely in line with peers Banco Macro and Banco Frances.

ICICI Bank (NYSE: <a class="ticker" href="/stock/ibn#NYSE">IBN</a>) shares are trading about 37% higher year to date but are still down more than 15% from a year ago. India's largest private-sector lender posted a better-than-expected jump in Q3 net profit. Its dividend yield is 1.7%, the market cap is $20.9 billion and the long-term EPS growth forecast is 19.5%. The bank is based in Mumbai and was founded in 1955. But the stock has underperformed HDFC Bank (NYSE: <a class="ticker" href="/stock/hdb#NYSE">HDB</a>) and HSBC Holdings (NYSE: <a class="ticker" href="/stock/hbc#NYSE">HBC</a>) over the past six months.

Privatebancorp (NASDAQ: <a class="ticker" href="/stock/pvtb#NASDAQ">PVTB</a>) is almost 29% higher year to date, but still down more than 7% from a year ago. The company just reported better-than-expected Q4 EPS and a sizable decrease in nonperforming loans over the past year. This regional bank is based in Chicago and has a market cap of $1.0 billion. Its dividend yield is 0.3%. Over the past six months, the stock has outperformed competitors Fifth Third Bancorp (NASDAQ: <a class="ticker" href="/stock/fitb#NASDAQ">FITB</a>) and Northern Trust (NASDAQ: <a class="ticker" href="/stock/ntrs#NASDAQ">NTRS</a>).

See also: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/12/01/2287727/jefferies-says-private-bancorps-recovery-is-showing-dece">Jefferies Says Private Bancorp's Recovery Is Showing Decent Growth Prospects</a>.

Janus Capital Group (NYSE: <a class="ticker" href="/stock/jns#NYSE">JNS</a>) is more than 24% higher year to date, including more than 4% in the past week. The Denver-based asset management holding company beat low Q4 EPS expectations. It has a $1.5 billion market cap and a dividend yield of 2.5%. The P/E ratio is lower than the industry average and the operating margin is better than the industry average. The stock has outperformed competitors such as Franklin Resources (NYSE: <a class="ticker" href="/stock/ben#NYSE">BEN</a>) over the past six months.

<div id="action-items">ACTION ITEMS:

Bullish: Investors interested in exchange traded funds focused on financials might want to consider the following trades:

<ul><li>ProShares Ultra Financials (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>) is up more than 13% year to date.</li>
<li>iShares S&amp;P Global Financials (NYSE: <a class="ticker" href="/stock/ixg#NYSE">IXG</a>) is up more than 9% year to date.</li>
<li>iShares Dow Jones US Financial Services (NYSE: <a class="ticker" href="/stock/iyg#NYSE">IYG</a>) is up almost 8% year to date.</li>
<li>PowerShares Financial Preferred (NYSE: <a class="ticker" href="/stock/pgf#NYSE">PGF</a>) is up almost 8% year to date.</li>
</ul>Bearish: Traders may prefer to consider these alternative positions:

<ul><li>Direxion Daily Financial Bear 3X Shares (NYSE: <a class="ticker" href="/stock/faz#NYSE">FAZ</a>) is up more than 5% from a recent 52-week low.</li>
<li>ProShares UltraShort Financials (NYSE: <a class="ticker" href="/stock/skf#NYSE">SKF</a>) is up more than 3% from a recent 52-week low.</li>
</ul>Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.</div>

FITB

GGAL

NTRS

PowerShares Exchange Traded Fund Financial Preferred Portfolio

PVTB

Financial Sector Top Performers in January

Financial sector stocks could be given a boost if Republican presidential contender Newt Gingrich gets his way.

The former House speaker, who has been rising in the polls, says that he wants to allow Americans to opt out of the Social Security system and place funds into personally managed retirement accounts at private institutions. The idea isn't new but it should get more attention if Gingrich continues to move up in the polls.

When Gingrich entered the race for the Republican presidential nomination he was considered a long shot, but Republican voters continue to look for an alternative to former Massachusetts governor Mitt Romney. Recent polls show Newt Gingrich closing in on Romney, who many have considered the inevitable Republican candidate for President of the United States. The only problem is that Romney is considered by many Republicans to be a flip flopper and not conservative enough.

Gingrich's call to allow Americans to opt out of the Social Security system could cause his stock to rise and position him as a "true conservative" in contrast with Mitt Romney - who criticized fellow Republican presidential contender Rick Perry for calling the Social Security system a "Ponzi scheme".

If Newt Gingrich's poll numbers continue to rise, investors should take a closer look at stocks like Charles Schwab (NYSE: <a class="ticker" href="/stock/schw#NYSE">SCHW</a>) and Morningstar (Nasdaq: <a class="ticker" href="/stock/morn#Nasdaq">MORN</a>) or the ProShares Ultra Financials (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>) ETF. If Gingrich manages to win the Republican presidential nomination, the idea of moving away from the Social Security system will be up for debate. Just the possibility of hundreds of billions of dollars flowing into private retirement accounts could push many stocks in the financial sector higher.

If Gingrich manages to win the Republican presidential nomination but loses the general election, the Direxion Financial Bear 3X Shares (NYSE: <a class="ticker" href="/stock/faz#NYSE">FAZ</a>) could see its share price surge higher as speculators pull out of financial stocks.

Movers & Shakers

Personal Finance

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MORN

SCHW

How to Profit From Gingrich Call For Social Security Opt Out

For some reason, it doesn't feel like, but this was the best week for stocks in a month and even though Federal Reserve Chairman Ben Bernanke did not grace us with a third round of quantitative easing, the Dow Jones Industrial Average still soared to a triple-digit gain on Friday. The S&amp;P 500 notched a 4.7% gain for the week.

Curious in the market action this week is the sneaking feeling that some are getting that the bears are losing their zeal and that stocks may bounce in the near-term for no other reason than that the bears are tuckered out. So “cautiously optimistic” might be the order of the day over the next few weeks. 

With that, let's order up some weekend reading and look at some ETFs that will be in focus next week.

Teucrium Corn ETF (NYSE: <a class="ticker" href="/stock/corn#NYSE">CORN</a>):
We've been big fans of CORN for quite a while now and “yellow gold” is arguably starting to act a lot like real gold. What we mean is that the chorus of naysayers saying corn futures are getting a little frothy is growing louder. CORN is in rally mode to be sure, but any slight bit of good weather news could stall this rally. Not to mention, CME can raise corn margins, too. They have in the past.

iShares MSCI Japan Index Fund (NYSE: <a class="ticker" href="/stock/ewj#NYSE">EWJ</a>):
This has been quite a week for Japan. First it was the Moody's downgrade, then it was the resignation of the country's prime minister. Friday brought a Bernanke-induced 2% pop for this ETF, but it resides below $10 and if we built a list of ETFs under $10 that were super, EWJ would not make it. Watch to see if support at $9.50 holds.

Global X Silver Miners ETF (NYSE: <a class="ticker" href="/stock/sil#NYSE">SIL</a>):
The good news is, as we have noted over the past several weeks, is that gold and silver mining ETFs have started to move in almost lockstep with the underlying metals. Exceptionally volatile, SIL seems to have found firm support in the $23 area and from Friday's close, the ETF is still nearly 15% off its 52-week high. With the chart of the iShares Silver Trust (NYSE: <a class="ticker" href="/stock/slv#NYSE">SLV</a>) looking strong, SIL is a “buy” here and a very “strong buy” above $28.

ProShares Ultra Financials (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>):
UYG's appearance on this week's look ahead list isn't necessarily an endorsement of financials. It's not. Still, it must be acknowledged that the darkest clouds may be behind the financials, at least for the next couple of weeks. We're not endorsing the group's fundamentals. Rather, UYG's chart is attractive here and with the double leveraged kicker, this ETF can return 10% or more in a week if the bears are caught snoozing.

iShares MSCI Malaysia Index Fund (NYSE: <a class="ticker" href="/stock/ewm#NYSE">EWM</a>):
EWM has been plagued by emerging market woes and some tawdry political controversy at home, but the chart shows the ETF is nearing support. Malaysia offers reliable growth and a burgeoning middle class along with a lovely 3% unemployment rate. This one of the more undervalued emerging markets ETFs based on current prices.

Commodities

After-Hours Center

CORN

A Look Ahead: Next Week's ETFs To Watch

ProShares Ultra Financials ETF (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>) is trading 4.1% higher than yesterday's close. This ETF has gained 9.01% year-to-date.

ProShares Ultra Financials ETF Up 4.1% (UYG)

Here is the ETF Professor's ETF Watch List for Monday November 8, 2010.
As commodities prices continue to rise, be careful with ETFs like the Consumer Staples Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xlp#NYSE">XLP</a>).
On that note, with oil looking firm overnight, try the U.S. Oil Fund (NYSE: <a class="ticker" href="/stock/uso#NYSE">USO</a>) and the ProShares Ultra Oil &amp; Gas (NYSE: <a class="ticker" href="/stock/dig#NYSE">DIG</a>).
Let's see if it financials are for real with the ProShares Ultra Financials (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>).
Emerging markets plays of the day: Global X China Consumer ETF (NYSE: <a class="ticker" href="/stock/chiq#NYSE">CHIQ</a>), First Trust ISE Chindia Index (NYSE: <a class="ticker" href="/stock/fni#NYSE">FNI</a>) and the Market Vectors Russia ETF (NYSE: <a class="ticker" href="/stock/rsx#NYSE">RSX</a>).
Forex play of the day: CurrencyShares Canadian Dollar Trust (NYSE: <a class="ticker" href="/stock/fxc#NYSE">FXC</a>).
Bond play of the day: Direxion Daily 30 Yr Treasuy Bull 3X Shares (NYSE: <a class="ticker" href="/stock/tmf#NYSE">TMF</a>).

CHIQ

Market Vectors Russia ETF Trust Shares of Beneficial Interest

Direxion Daily 20+ Year Treasury Bull 3X Shares

ETFs To Watch November 8, 2010 (CHIQ, DIG, FXC, TMF)

ProShares UltraShort Silver (<a class="ticker" href="/stock/etf#">ETF</a>) (NYSE: <a class="ticker" href="/stock/zsl#NYSE">ZSL</a>) closed the fifth consecutive trading session in a row in the negative territory. ZSL fell 4.85% in the regular trading session today, and it lost additional 0.41% in the after hours. 
Direxion Daily 20 +Year Treasury Bull 3X Shares (NYSE: <a class="ticker" href="/stock/tmf#NYSE">TMF</a>) dropped 4.56%, and closed at $44.77 on Thursday. TMF had a volume of 234K traded shares.
Direxion Daily Financial Bull 3X Shares(<a class="ticker" href="/stock/etf#">ETF</a>) (NYSE: <a class="ticker" href="/stock/fas#NYSE">FAS</a>) declined 4.06% today on the worries that the foreclosure scandal could widen. Citigroup Inc. (NYSE: <a class="ticker" href="/stock/c#NYSE">C</a>) dropped 4.47%, and Bank of America Corporation (NYSE: <a class="ticker" href="/stock/bac#NYSE">BAC</a>) lost 5.19%.
ProShares Ultra Financials (<a class="ticker" href="/stock/etf#">ETF</a>) (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>) is another bull market financial ETF that was hurt by the foreclosure scandal. UYG lost 2.92%, and closed at $56.51.

Aberdeen Emerging Markets Telecommunications & Infrastructure Fund

Benzinga's Top ETF Decliners (ZSL, TMF, FAS, UYG)

Direxion Daily Real Estate Bull 3X (<a class="ticker" href="/stock/etf#">ETF</a>) (NYSE: <a class="ticker" href="/stock/drn#NYSE">DRN</a>) and ProShares Ultra Real Estate (<a class="ticker" href="/stock/etf#">ETF</a>) (NYSE: <a class="ticker" href="/stock/ure#NYSE">URE</a>) dropped 7.94% and 4.43% respectively, as the real estate stocks struggled today. Public Storage (NYSE: <a class="ticker" href="/stock/psa#NYSE">PSA</a>) dropped 3.34% in today's trading session. 
Direxion Daily Financial Bull 3X Shares(<a class="ticker" href="/stock/etf#">ETF</a>) (NYSE: <a class="ticker" href="/stock/fas#NYSE">FAS</a>) and ProShares Ultra Financials (<a class="ticker" href="/stock/etf#">ETF</a>) (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>) traded lower today, along with the financial sector stocks. FAS fell 5.14%, and UYG dropped 3.63%. In the financial sector, Wells Fargo &amp; Company (NYSE: <a class="ticker" href="/stock/wfc#NYSE">WFC</a>) fell 2.98%.
Direxion Daily Small Cap Bull 3X Shares(<a class="ticker" href="/stock/etf#">ETF</a>) (NYSE: <a class="ticker" href="/stock/tna#NYSE">TNA</a>) declined 3.48%, and closed at $41.98. This was the third trading session in a row that TNA closed lower. 
iShares MSCI Sweden Index (<a class="ticker" href="/stock/etf#">ETF</a>) (NYSE: <a class="ticker" href="/stock/ewd#NYSE">EWD</a>) lost 2.95% today, and closed at $27.68. EWD had a volume of 193K traded shares.

Direxion Daily Real Estate Bull 3x Shares

Benzinga's Top ETF Decliners (DRN, FAS, URE, UYG, TNA, EWD)

Stock volume on the exchanges has been down-right anemic as of late; in fact, yesterday’s volume was the lowest we have seen during an August (which is historically the lowest volume month) in nearly 40 years. There are several reasons for this low volume, namely that large, institutional traders and hedge fund managers are out on holiday until after Labor Day. 
Those of us who are lacking a house in The Hamptons still show up to trade every day, but are greeted with small movements in indexes and increased volatility in individual names. While this reinforces the case for being a stock picker, even well-loved names can make outsized moves in the wrong direction on low volume tapes. Therefore the best way to grind out day-trades is in leverages ETFs—that is what they were developed for anyway!
Here is a short list to copy, print out, and keep on your trading desk. Rest assured that one of these is guarantied to be moving around even on high volume days:
Ultra Short ETFs
•	Proshares Ultrashort Basic Materials (NYSE: <a class="ticker" href="/stock/smn#NYSE">SMN</a>) 
•	Proshares Ultrashort Consumer Goods (NYSE: <a class="ticker" href="/stock/szk#NYSE">SZK</a>) 
•	Proshares Ultrashort Consumer Services (NYSE: <a class="ticker" href="/stock/scc#NYSE">SCC</a>) 
•	Proshares Ultrashort Dow 30 (NYSE: <a class="ticker" href="/stock/dxd#NYSE">DXD</a>) 
•	Proshares Ultrashort Financials (NYSE: <a class="ticker" href="/stock/skf#NYSE">SKF</a>) 
•	Proshares Ultrashort Health Care (NYSE: <a class="ticker" href="/stock/rxd#NYSE">RXD</a>) 
•	Proshares Ultrashort Industrials (NYSE: <a class="ticker" href="/stock/sij#NYSE">SIJ</a>) 
•	Proshares Ultrashort 20+ Year Treasury (NYSE: <a class="ticker" href="/stock/tbt#NYSE">TBT</a>) 
•	Proshares Ultrashort Oil &amp; Gas (NYSE: <a class="ticker" href="/stock/dug#NYSE">DUG</a>) 
•	Proshares Ultrashort Nasdaq 100 QQQ (NYSEL QID) 
•	Proshares Ultrashort S&amp;P 500 (NYSE: <a class="ticker" href="/stock/sds#NYSE">SDS</a>)
Ultra Long ETFs
•	Proshares Ultralong Basic Materials (NYSE: <a class="ticker" href="/stock/uym#NYSE">UYM</a>) 
•	Proshares Ultralong Consumer Goods (NYSE: <a class="ticker" href="/stock/uge#NYSE">UGE</a>) 
•	Proshares Ultralong Consumer Services (NYSE: <a class="ticker" href="/stock/ucc#NYSE">UCC</a>) 
•	Proshares Ultralong Dow 30 (NYSE: <a class="ticker" href="/stock/ddm#NYSE">DDM</a>) 
•	Proshares Ultralong Financials (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>) 
•	Proshares Ultralong Health Care (NYSE: <a class="ticker" href="/stock/rxl#NYSE">RXL</a>) 
•	Proshares Ultralong Industrials (NYSE: <a class="ticker" href="/stock/uxi#NYSE">UXI</a>) 
•	Proshares Ultralong Oil and Gas (NYSE: <a class="ticker" href="/stock/dig#NYSE">DIG</a>) 
•	Proshares Ultralong Nasdaq 100 QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>) 
•	Proshares Ultralong S&amp;P 500 (NYSE: <a class="ticker" href="/stock/sso#NYSE">SSO</a>)
<a href="http://at.zacks.com/?id=7279">Strong Buy Stocks That Have Tripled the Market. See them for free.</a>

ProShares UltraShort Lehman 20+ Year Treasury

ETFs for Low Volume Trading Days (FAS, SMN, UYM, RXL)

“The ProShares Ultra Financials ETF (NYSE:UYG) traded for six months within the confines of a rectangle bounded by support at $50 and resistance at $64(...)Read the rest of This Financial ETF Could Lead To Big Gains (UYG) 
Copyright 2010 ETFDAILYNEWS.COM 
The copying, republication or redistribution of ETFDailyNews Content, including by framing or similar means, is expressly [...]
Related posts:
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<li><a href='http://etfdailynews.com/blog/2010/04/01/technicals-show-why-it-may-be-time-to-sell-this-financial-etf-uyg/' rel='bookmark' title='Permanent Link: Technicals Show Why It May Be Time To Sell This Financial ETF (UYG)'>Technicals Show Why It May Be Time To Sell This Financial ETF (UYG)</a></li>
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</ol>

This Financial ETF Could Lead To Big Gains (UYG)

The stocks below are mainly those stocks that have been on a solid uptrend of late, but are starting to show signs of breaking down along with a loss of interest by the street as a whole. So if you are looking to short this market, which definitely takes some guts (but the potential for reward is probably greater than it ever has been), then this is a good cheat sheet for you to start with while compiling your own personal short watch-list. <a href="http://shareplanner.com/index.php?option=com_content&amp;view=article&amp;catid=45:trade-setups&amp;id=1203:16-short-setups-with-stop-losses">Don't forget to take a look at my post from last night with my current personal watch-list of short setups that I am eyeballin'</a>.
The most interesting play below is actually the Financials Ultra Long ETF (UYG) which has had a sudden surge in volume with some signs that the show is over. Have fun if you can get your hands on some of these shares.
Now realize this, not every stock on this list, will you agree with me or my screening software that it is a good short position to undertake. However, what I am doing for you is providing you with a list of stocks based on a number of my own preferred variables that reduces the list of candidates to short from a few thousand down to just a handful - in this case, 14 stocks. But I am pretty confident that you can find a few stocks worth shorting in the list below.
<a href="http://shareplanner.com/index.php?option=com_content&amp;view=article&amp;catid=27:stock-screens&amp;id=1205:14-stocks-prime-for-shorting">Here is my list of 14 stocks Prime for Shorting</a>.
<img src="http://feeds.feedburner.com/~r/Shareplanner/~4/Vrv2P0aCF4U" height="1" width="1" />

14 Stocks Prime for Shorting

If you noticed that the UltraShort ETF in your portfolio was up several hundred percent today, don't get too excited. It was just a 5 for 1 or a 10 for 1 <a href="http://stockdic.com/reversestocksplit.html" target="_blank">reverse split</a>. The ETF sponsor, ProShares, reportedly did this to reduce the spread on the bid and asked price on the ETFs. 
The following are the ones that had a reverse split: 
Ultra Financials (UYG) - Split 1:10
Ultra Real Estate (URE) - Split 1:5
UltraShort Basic Materials (SMN) - Split 1:5
UltraShort FTSE/Xinhua China 25 (FXP) - Split 1:5
UltraShort Gold (GLL) - Split 1:5
UltraShort MSCI Emerging Markets (EEV) - Split 1:5
UltraShort Oil &amp; Gas (DUG) - Split 1:5
UltraShort Real Estate (SRS) - Split 1:5
UltraShort Silver (ZSL) - Split 1:10
Author owns FXP. 
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ProShares UltraShort MSCI Emerging Markets

Ultra Short ETFs Have Reverse Split

<a href="http://etfdailynews.com/blog/wp-content/uploads/2009/05/buy-and-hold.jpg"><img class="alignleft size-full wp-image-2451" title="buy-and-hold" src="http://etfdailynews.com/blog/wp-content/uploads/2009/05/buy-and-hold.jpg" alt="" width="110" height="110" /></a>“For six months, The <a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/uyg/" target="_blank">ProShares Ultra Financials ETF </a>(UYG) traded within the confines of a rectangle bounded by support at $5 and resistance at $6.30,” <a href="http://www.optionszone.com/trading-picks/trade-of-the-day/2010/03/stock-picks-proshares-ultra-financials-etf-uyg.html" target="_blank">Sam Collins Reports From Options Zone.</a>
On March 11, <a href="http://www.optionszone.com/trading-picks/trade-of-the-day/2010/03/stock-picks-proshares-ultra-financials-etf-uyg.html" target="_blank">Collins said</a>, “Following a period of <a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/uyg/" target="_blank">very high accumulation</a>, this ETF appears to be breaking from a triangle with supporting evidence of the break coming from the crossing of the 50-day moving average by the 20-day moving average. If successful, the <a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/uyg/" target="_blank">target for a trade </a>in (UYG) is $7.25 to $7.50.”
 <a href="http://etfdailynews.com/blog/wp-content/uploads/2010/04/03-31-10-uyg.gif"><img class="alignleft size-full wp-image-10892" title="03-31-10-uyg" src="http://etfdailynews.com/blog/wp-content/uploads/2010/04/03-31-10-uyg.gif" alt="" width="643" height="402" /></a>
<a href="http://etfdailynews.com/blog/wp-content/uploads/2010/04/dmo-chart-key.gif"><img class="alignleft size-full wp-image-10893" title="dmo-chart-key" src="http://etfdailynews.com/blog/wp-content/uploads/2010/04/dmo-chart-key.gif" alt="" width="612" height="143" /></a>
“For those who bought (UYG) and <a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/uyg/" target="_blank">made a profit</a>, it is time to cover. This ETF could go higher, so perhaps a trailing stop is best, but there is never anything wrong with taking a profit,” <a href="http://www.optionszone.com/trading-picks/trade-of-the-day/2010/03/stock-picks-proshares-ultra-financials-etf-uyg.html" target="_blank">Collins Reports.</a>
Here are some details on the ProShares <a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/uyg/" target="_blank">Ultra Financials </a>(UYG) below:
The investment ETF (UYG) seeks daily investment results, before fees and expenses, which correspond to twice the daily performance of the <a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/uyg/" target="_blank">Dow Jones U.S. Financials index</a>. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be twice the return of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is nondiversified.
<table border="0" cellspacing="0" cellpadding="2" width="100%">
<tbody>
<tr>
<td>TOP 10 HOLDINGS ( 32.82% OF TOTAL ASSETS)</td>
<td align="right"> </td>
</tr>
</tbody>
</table>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tbody>
<tr>
<td>
<table border="0" cellspacing="1" cellpadding="3" width="100%">
<tbody>
<tr>
<td align="center">Company</td>
<td align="center">Symbol</td>
<td align="center">% Assets</td>
</tr>
<tr>
<td>J.P. Morgan Chase &amp; Co.</td>
<td>(JPM)</td>
<td align="right">6.46</td>
</tr>
<tr>
<td>Wells Fargo &amp; Company Common St</td>
<td>(WFC)</td>
<td align="right">5.88</td>
</tr>
<tr>
<td>Bank of America Corporation Com</td>
<td>(BAC)</td>
<td align="right">5.54</td>
</tr>
<tr>
<td>Djusfn Swaps</td>
<td>N/A</td>
<td align="right">4.06</td>
</tr>
<tr>
<td>Citigroup, Inc. Common Stock</td>
<td>(C)</td>
<td align="right">2.89</td>
</tr>
<tr>
<td>Goldman Sachs Group, Inc. (The)</td>
<td>(GS)</td>
<td align="right">2.71</td>
</tr>
<tr>
<td>U.S. Bancorp Common Stock</td>
<td>(USB)</td>
<td align="right">2.02</td>
</tr>
<tr>
<td>American Express Company Common</td>
<td>(AXP)</td>
<td align="right">1.67</td>
</tr>
<tr>
<td>Visa Inc. Visa Inc.</td>
<td>(V)</td>
<td align="right">1.59</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<img src="http://ichart.finance.yahoo.com/z?s=UYG&amp;t=1y&amp;q=l&amp;l=on&amp;z=l&amp;p=s&amp;a=v&amp;p=s" border="0" alt="Chart for Ultra Financials ProShares (UYG)" width="800" height="475" />
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Technicals Show Why It May Be Time To Sell This Financial ETF (UYG)

<a href="http://etfdailynews.com/blog/wp-content/uploads/2009/12/interest-rates.jpg"><img class="alignleft size-full wp-image-8336" title="interest-rates" src="http://etfdailynews.com/blog/wp-content/uploads/2009/12/interest-rates.jpg" alt="" width="110" height="110" /></a>“When the next<a href="http://etfdailynews.com/blog/?tag=interest-rates" target="_blank"> tightening cycle begins</a>, it will not be to throttle an economy that is growing too fast. Instead, it will be to <a href="http://etfdailynews.com/blog/?tag=interest-rates" target="_blank">rebalance rates </a>to more reasonable levels. The Economy may be less vulnerable when they begin to tighten, but it will not be too strong. That is a material difference, and the correlation between <a href="http://etfdailynews.com/blog/?tag=interest-rates" target="_blank">higher rates </a>and higher market levels witnessed since 1997 will be in jeopardy as a result. I expect that correlation to break,” <a href="http://www.marketwatch.com/story/how-to-profit-from-the-shift-to-rising-rates-2010-04-01?reflink=MW_news_stmp" target="_blank">Thomas Kee Reports From Marketwatch.</a>
Kee goes on to say, “When interest rates begin to increase next time, I expect the economy and the stock market to experience a <a href="http://etfdailynews.com/blog/?tag=interest-rates" target="_blank">sustained negative reaction</a>. Instead of the knee jerk negative reaction most have been used to, the opposite may happen instead. Since 1997, the knee jerk down on the heels of a rate hike has been followed by a sustained move higher. This time, the knee jerk could be up, followed by a sustained move lower. Initially, Wall Street may consider a rate hike as a sign of confidence. Soon afterwards, they will realize that it is much more of a burden. Soon after the next <a href="http://etfdailynews.com/blog/?tag=interest-rates" target="_blank">tightening cycle begins</a>, expect the correlations referenced above to break, and expect the economy to come under pressure. Translated into market terms, I expect the market to begin to weaken soon after the first round of rate hikes, and then I expect it to get worse. There are a few ways to play this.”
“First, we have been in long positions since February, well before the rebound gained momentum. We are <a href="http://etfdailynews.com/blog/?tag=interest-rates" target="_blank">holding a defensive portfolio</a>, but one that is working exactly as it should. The positions include: ProShares UltraShort 20+ Year Treasury ETF (TBT) , ProShares Ultra Gold ETF (UGL) , ProShares Ultra Oil &amp; Gas ETF (DIG) , ProShares Ultra Financials ETF (UYG). These ETFs were specially chosen to take advantage of the move higher we expected, and which we expect to continue for the time being. These were <a href="http://etfdailynews.com/blog/?tag=interest-rates" target="_blank">defensive and some of these positions </a>could work even if the Market falls,” <a href="http://www.marketwatch.com/story/how-to-profit-from-the-shift-to-rising-rates-2010-04-01?reflink=MW_news_stmp" target="_blank">Kee Reports.</a>
See His Full Story: <a href="http://www.marketwatch.com/story/how-to-profit-from-the-shift-to-rising-rates-2010-04-01?reflink=MW_news_stmp" target="_blank">HERE</a>
Here are some details on the ETFs mentioned in this article below:
The investment ETF (TBT) seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the <a href="http://etfdailynews.com/blog/?tag=interest-rates" target="_blank">Barclays Capital 20+ Year U.S. Treasury index</a>. The fund normally invests at least 80% of assets to investments that, in combination, have economic characteristics that are inverse to those of the index. It also typically invests in taking positions in financial instruments, including derivatives that should have similar daily return characteristics as twice the inverse of the index. The fund is nondiversified.
<table border="0" cellspacing="0" cellpadding="2" width="100%">
<tbody>
<tr>
<td>TOP 10 HOLDINGS ( 7.38% OF TOTAL ASSETS)</td>
<td align="right"> </td>
</tr>
</tbody>
</table>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tbody>
<tr>
<td>
<table border="0" cellspacing="1" cellpadding="3" width="100%">
<tbody>
<tr>
<td align="center">Company</td>
<td align="center">Symbol</td>
<td align="center">% Assets</td>
</tr>
<tr>
<td>20 Year Treasury Swap</td>
<td>N/A</td>
<td align="right">5.07</td>
</tr>
<tr>
<td>20+ Treasury Swap</td>
<td>N/A</td>
<td align="right">1.55</td>
</tr>
<tr>
<td>Proshares Ultrashort L B</td>
<td>N/A</td>
<td align="right">0.75</td>
</tr>
<tr>
<td>20 Year Treasury Swaps</td>
<td>N/A</td>
<td align="right">0.01</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<img src="http://ichart.finance.yahoo.com/z?s=TBT&amp;t=1y&amp;q=l&amp;l=on&amp;z=l&amp;p=s&amp;a=v&amp;p=s" border="0" alt="Chart for UltraShort 20+ Year Treasury ProShares (TBT)" width="800" height="475" />
The investment ETF (UGL) will seek to replicate, net of expenses, twice the performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London. The fund normally invests assets in financial instruments with economic characteristics twice the return of the index. It may employ leveraged investment techniques in seeking its investment objective.
<table border="0" cellspacing="0" cellpadding="2" width="100%">
<tbody>
<tr>
<td>TOP 10 HOLDINGS ( 5.27% OF TOTAL ASSETS)</td>
<td align="right"> </td>
</tr>
</tbody>
</table>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tbody>
<tr>
<td>
<table border="0" cellspacing="1" cellpadding="3" width="100%">
<tbody>
<tr>
<td align="center">Company</td>
<td align="center">Symbol</td>
<td align="center">% Assets</td>
</tr>
<tr>
<td>GCG0 Future</td>
<td>N/A</td>
<td align="right">5.27</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<img src="http://ichart.finance.yahoo.com/z?s=UGL&amp;t=1y&amp;q=l&amp;l=on&amp;z=l&amp;p=s&amp;a=v&amp;p=s" border="0" alt="Chart for Ultra Gold ProShares (UGL)" width="800" height="475" />
The investment ETF (DIG) seeks daily investment results, before fees and expenses, which correspond to twice the daily performance of the Dow Jones U.S. Oil &amp; Gas index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be twice the return of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is nondiversified.
<table border="0" cellspacing="0" cellpadding="2" width="100%">
<tbody>
<tr>
<td>TOP 10 HOLDINGS ( 52.33% OF TOTAL ASSETS)</td>
<td align="right"> </td>
</tr>
</tbody>
</table>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tbody>
<tr>
<td>
<table border="0" cellspacing="1" cellpadding="3" width="100%">
<tbody>
<tr>
<td align="center">Company</td>
<td align="center">Symbol</td>
<td align="center">% Assets</td>
</tr>
<tr>
<td>Exxon Mobil Corporation Common</td>
<td>(XOM)</td>
<td align="right">18.38</td>
</tr>
<tr>
<td>Chevron Corporation Common Stoc</td>
<td>(CVX)</td>
<td align="right">8.69</td>
</tr>
<tr>
<td>Djusen Swaps</td>
<td>N/A</td>
<td align="right">5.99</td>
</tr>
<tr>
<td>Schlumberger N.V. Common Stock</td>
<td>(SLB)</td>
<td align="right">4.54</td>
</tr>
<tr>
<td>Occidental Petroleum Corporatio</td>
<td>(OXY)</td>
<td align="right">3.81</td>
</tr>
<tr>
<td>ConocoPhillips Common Stock</td>
<td>(COP)</td>
<td align="right">3.75</td>
</tr>
<tr>
<td>Apache Corporation Common Stock</td>
<td>(APA)</td>
<td align="right">1.98</td>
</tr>
<tr>
<td>Anadarko Petroleum Corporation</td>
<td>(APC)</td>
<td align="right">1.88</td>
</tr>
<tr>
<td>Devon Energy Corporation Common</td>
<td>(DVN)</td>
<td align="right">1.69</td>
</tr>
<tr>
<td>Transocean Ltd (Switzerland) Co</td>
<td>(RIG)</td>
<td align="right">1.62</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<img src="http://ichart.finance.yahoo.com/z?s=DIG&amp;t=1y&amp;q=l&amp;l=on&amp;z=l&amp;p=s&amp;a=v&amp;p=s" border="0" alt="Chart for Ultra Oil &amp; Gas ProShares (DIG)" width="800" height="475" />
The investment ETF (UYG) seeks daily investment results, before fees and expenses, which correspond to twice the daily performance of the Dow Jones U.S. Financials index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be twice the return of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is nondiversified.
<table border="0" cellspacing="0" cellpadding="2" width="100%">
<tbody>
<tr>
<td>TOP 10 HOLDINGS ( 32.82% OF TOTAL ASSETS)</td>
<td align="right"> </td>
</tr>
</tbody>
</table>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tbody>
<tr>
<td>
<table border="0" cellspacing="1" cellpadding="3" width="100%">
<tbody>
<tr>
<td align="center">Company</td>
<td align="center">Symbol</td>
<td align="center">% Assets</td>
</tr>
<tr>
<td>J.P. Morgan Chase &amp; Co.</td>
<td>N/A</td>
<td align="right">6.46</td>
</tr>
<tr>
<td>Wells Fargo &amp; Company Common St</td>
<td>(WFC)</td>
<td align="right">5.88</td>
</tr>
<tr>
<td>Bank of America Corporation Com</td>
<td>(BAC)</td>
<td align="right">5.54</td>
</tr>
<tr>
<td>Djusfn Swaps</td>
<td>N/A</td>
<td align="right">4.06</td>
</tr>
<tr>
<td>Citigroup, Inc. Common Stock</td>
<td>(C)</td>
<td align="right">2.89</td>
</tr>
<tr>
<td>Goldman Sachs Group, Inc. (The)</td>
<td>(GS)</td>
<td align="right">2.71</td>
</tr>
<tr>
<td>U.S. Bancorp Common Stock</td>
<td>(USB)</td>
<td align="right">2.02</td>
</tr>
<tr>
<td>American Express Company Common</td>
<td>(AXP)</td>
<td align="right">1.67</td>
</tr>
<tr>
<td>Visa Inc. Visa Inc.</td>
<td>(V)</td>
<td align="right">1.59</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<img src="http://ichart.finance.yahoo.com/z?s=UYG&amp;t=1y&amp;q=l&amp;l=on&amp;z=l&amp;p=s&amp;a=v&amp;p=s" border="0" alt="Chart for Ultra Financials ProShares (UYG)" width="800" height="475" />
Related posts:
<ol>
<li><a href='http://etfdailynews.com/blog/2009/09/16/this-etf-has-its-fortunes-tied-to-interest-rates-and-the-value-of-the-dollar-tbt/' rel='bookmark' title='Permanent Link: This ETF Has It’s Fortunes Tied To Interest Rates And The Value Of The Dollar (TBT)'>This ETF Has It’s Fortunes Tied To Interest Rates And The Value Of The Dollar (TBT)</a></li>
<li><a href='http://etfdailynews.com/blog/2009/12/28/ride-the-wave-of-higher-interest-rates-with-this-etf/' rel='bookmark' title='Permanent Link: Ride The Wave Of Higher Interest Rates With This ETF'>Ride The Wave Of Higher Interest Rates With This ETF</a></li>
<li><a href='http://etfdailynews.com/blog/2010/01/25/investors-are-betting-on-higher-interest-rates-with-this-etf/' rel='bookmark' title='Permanent Link: Investors Are Betting On Higher Interest Rates With This ETF'>Investors Are Betting On Higher Interest Rates With This ETF</a></li>
</ol>

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What To Expect From The Markets And ETFs When Interest Rates Rise

Here is the ETF Professor's ETF Watch List for Wednesday March 31, 2010.
On new of Peabody Energy's (NYSE: <a class="ticker" href="/stock/btu#NYSE">BTU</a>) takeover offer for Australia's Macarthur Energy, watch the Market Vectors Coal ETF (NYSE: <a class="ticker" href="/stock/kol#NYSE">KOL</a>).
The iShares MSCI Thailand Investable Market Index (NYSE: <a class="ticker" href="/stock/thd#NYSE">THD</a>) continues to be one of the stronger emerging markets performers.
Watch the iShares MSCI Malaysia Index (NYSE: <a class="ticker" href="/stock/ewm#NYSE">EWM</a>) on news of that country's efforts to modernize its economy.
The iShares S&amp;P Global Materials ETF (NYSE: <a class="ticker" href="/stock/mxi#NYSE">MXI</a>) will be worth paying attention to on the iron ore pricing news.
The ProShares Ultra Financials ETF (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>) is looking a little overbought. 
The iPath DJ-UBS Sugar TR Sub-Index ETN (NYSE: <a class="ticker" href="/stock/sgg#NYSE">SGG</a>) was up nearly 3% on Tuesday. 
Watch the PowerShares Aerospace &amp; Defense (NYSE: <a class="ticker" href="/stock/ppa#NYSE">PPA</a>) to see if it can make another 52-week high.

iShares S&P Global Materials Sector Index Fund

PowerShares ETF Trust Aerospace & Defense Portfolio

iPath DJ-UBS Sugar Subindex Total Return ETN

iShares MSCI Thailand Investable Market Index Fund

ETFs To Watch March 31, 2010 (EWM, THD, UYG, MXI)

<a href="http://etfdailynews.com/blog/wp-content/uploads/2009/08/lawsuit-filed.jpg"><img class="alignleft size-full wp-image-5259" title="lawsuit-filed" src="http://etfdailynews.com/blog/wp-content/uploads/2009/08/lawsuit-filed.jpg" alt="" width="123" height="113" /></a>Bernstein Liebhard LLP filed a<a href="http://etfdailynews.com/blog/?tag=etf-lawsuit" target="_blank"> class action lawsuit </a>on March 22, 2010 in the United States District Court for the Southern District of New York, on behalf of all persons who purchased or otherwise acquired shares in the ProShares UltraShort Russell 2000 fund (the “SKK Fund”), an exchange-traded fund (“ETF”) offered by ProShares Trust (“ProShares”), pursuant or traceable to ProShares’ false and misleading Registration Statement, Prospectuses, and Statements of Additional Information (collectively, the “Registration Statement”) issued in connection with shares of the SKK Fund (the “Class”). The<a href="http://etfdailynews.com/blog/?tag=etf-lawsuit" target="_blank"> Class is seeking</a> to pursue remedies under Sections 11 and 15 of the Securities Act of 1933 (the “Securities Act”).
The <a href="http://etfdailynews.com/blog/?tag=etf-lawsuit" target="_blank">complaint names ProShares</a>, ProShare Advisors LLC, SEI Investments Distribution Co., Michael L. Sapir, Louis M. Mayberg, Russell S. Reynolds, III, Michael Wachs, and Simon D. Collier, as defendants (collectively, “Defendants”). ProShares sells its Ultra and UltraShort ETFs as “simple” directional plays. As marketed by ProShares, Ultra ETFs are designed to go up when markets go up; UltraShort ETFs are designed to go up when markets go down. The SKK Fund is one of ProShares’ UltraShort ETFs. The SKK Fund seeks investment results that correspond to twice (-200%) the inverse of the daily performance of the Russell 2000 Growth Index (“RGI”). In 2008, for example, the RGI fell approximately 38.96 percent. Rather than increase approximately 78 percent (double the inverse), the SKK Fund increased approximately 54.26 percent. 
The complaint alleges the Defendants violated the Securities Act by failing to disclose the following risks, inter alia, in the Registration Statement: (1) if SKK Fund shares were held for a time period longer than one day, the likelihood of <a href="http://etfdailynews.com/blog/?tag=etf-lawsuit" target="_blank">catastrophic losses was huge</a>; and (2) the extent to which performance of the SKK Fund would inevitably diverge from the performance of the RGI — i.e., the overwhelming probability, if not certainty, of spectacular divergence.
Plaintiffs seek to recover damages on behalf of all Class members who purchased or otherwise acquired shares of ProShares SKK. If you purchased or otherwise acquired ProShares SKK shares, and either lost money on the transaction or still hold the shares, you may wish to join in the <a href="http://etfdailynews.com/blog/?tag=etf-lawsuit" target="_blank">action to serve as lead plaintiff</a>. In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers no later than April 14, 2010.
There is also a lead plaintiff deadline of April 12, 2010 for the UltraShort Russell MidCap Value fund (NYSE: SJL).
A “lead plaintiff” is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately <a href="http://etfdailynews.com/blog/?tag=etf-lawsuit" target="_blank">represent the class.</a> Under certain circumstances, one or more class members may together serve as lead plaintiff. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Bernstein Liebhard LLP, or other counsel of your choice, to serve as your counsel in this action.
If you purchased or otherwise acquired shares in the SKK or SJL funds, and either lost money on the transaction or still hold the shares, please contact Joseph R. Seidman, Jr. at (877) 779-1414.
<a href="http://etfdailynews.com/blog/?tag=etf-lawsuit" target="_blank">Bernstein Liebhard has pursued </a>hundreds of securities and consumer cases and recovered approximately $2 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last seven years.
Bernstein Liebhard has also filed cases concerning the (SRS), (SKF), (DUG), (DXD), (UYG), and (SMN) funds. You can view a copy of these complaints, as well as the (SKK) complaint, online at <a href="http://www.bernlieb.com" title="http://www.bernlieb.com">http://www.bernlieb.com</a>, or obtain them from the court.
Related posts:
<ol>
<li><a href='http://etfdailynews.com/blog/2009/10/02/proshares-ultrashort-dow-30-fund-symbol-dxd-class-action-filed-by-bernstein-liebhard-llp/' rel='bookmark' title='Permanent Link: ProShares UltraShort Dow 30 Fund (Symbol: DXD) Class Action Filed by Bernstein Liebhard LLP'>ProShares UltraShort Dow 30 Fund (Symbol: DXD) Class Action Filed by Bernstein Liebhard LLP</a></li>
<li><a href='http://etfdailynews.com/blog/2009/08/06/lawsuit-filed-against-proshares-ultrashort-real-estate-proshares-fund-srs/' rel='bookmark' title='Permanent Link: Lawsuit Filed Against ProShares UltraShort Real Estate Fund (ETF-SRS)'>Lawsuit Filed Against ProShares UltraShort Real Estate Fund (ETF-SRS)</a></li>
<li><a href='http://etfdailynews.com/blog/2009/09/29/gilman-and-pastor-llp-announces-that-6-days-remain-for-investors-to-file-certifications-to-serve-as-lead-plaintiff-in-the-proshares-ultrashort-real-estate-fund-srs/' rel='bookmark' title='Permanent Link: Gilman and Pastor LLP Announces That 6 Days Remain for Investors to File Certifications to Serve as Lead Plaintiff in the ProShares UltraShort Real Estate Fund (SRS)'>Gilman and Pastor LLP Announces That 6 Days Remain for Investors to File Certifications to Serve as Lead Plaintiff in the ProShares UltraShort Real Estate Fund (SRS)</a></li>
</ol>

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ProShares UltraShort Russell MidCap Value

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ProShares Ultra Financials

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ProShares Ultra Financials (ARCA:UYG), Rapport sur les intérêts à découvert

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BENZINGA MONDIAL