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Tom D'Aquino
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Tom D'Aquino is Founder and General Manager of TrendStocker.com, the online service that allows stock traders to search, save and track stock trends.
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  • Inverse ETF Trends Beginning to Emerge - MZZ, QID, SKF 0 comments
    Jun 16, 2011 6:56 PM | about stocks: MZZ, QID, SKF
    In this article, I suggested watching for inverse ETFs from the financial sector to begin establishing upward trends if the market's downturn continues.  All of the major US indexes have continued their downward plunge and inverse ETFs such as MZZ, QID and SKF are picking up steam.  Check out this TrendStocker filter and take note that three of the five trends are inverse ETFs by ProShares.  Also note that the Trend Strength for the three ETFs is categorized as Strong or Strongest and each has made gains of over 8% in just two or three weeks.  But take heed, these investment vehicles are not for the faint of heart.  These funds are heavily leveraged so if things turn around, gains can be lost as quickly as they are earned.  If you choose to follow leveraged funds like this, you will need to follow them closely.  My prediction is that the upward trend of these inverse ETFs will continue for a while and that's not based on an arbitrary guess.  In an upcoming post, I'll show you why I think we are in the middle of a major market trend reversal heading in to an incredibly long bear market.
    Themes: inverse ETF Stocks: MZZ, QID, SKF
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