Wednesday Outlook: New ETFs, Commodities, Emerging Markets

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ProShares launched leveraged long/short euro ETFs today. (Ultra Long ULE and Ultra Short EUO).





ProShares launched leveraged long/short Yen ETFs today as well. (Ultra Long Yen YCL and Ultra Short YCS).






ProShares will launch leveraged Long/Short gold ETFs tomorrow, I believe. [Ultra Long Gold UGL and Ultra Short Gold GLL].





ProShares launched leveraged long/short oil ETFs today. (Ultra Long UCO and Ultra Short SCO).



























Well, just because I feel like it, below is the CSI 300 Shanghai Index which we cover. It’s a weekly chart with DeMark Indicator annotations. You’ll note the current 9 indicating the downtrend may be ending. Let’s see how this works out. And, this is not a recommendation!







Sure, the major problem Chucky the Consumer has is he needs a fix. And our generous government is going to give him one courtesy of taxpayers. Does this make you happy? It seems so over the top to me.

“Obama promotes fiscal restraint, big spending”

So ran the AP headline this morning. I had to read it twice, then concluded George Orwell would be proud. I wonder if headline writers understand what they’re saying sometimes.

There’s a lot of big spending going on and not much fiscal restraint. We’re into the trillions now as if it’s a mere bag of shells, as W. C. Fields would say.

I would love to see markets work sideways for some weeks to relieve current oversold conditions. From that perhaps short or long positions could be entered. It’s really hard to judge from current views. But economic conditions are deteriorating at lightning speed. With each passing day more bad news drips on us and most investors remain in shock.

I may not post tomorrow as volume should dry up in the afternoon. Friday is a short day. If I don’t post, let me take this opportunity to wish everyone a safe and Happy Thanksgiving!

Disclaimer: The ETF Digest has no positions.

Comments

[Chipset35:]

David, another great article.
I plan on subscribing to your website, as soon as finances permit.
I am rebuildign my finances from scratch, after a devastating divorce.

2008 Nov 26 08:22 AM

[dc1:]

David. Thanks for the info. Happy Thanksgiving Day.

2008 Nov 26 11:23 AM