ProShares Ultra S&P 500 ETF (SSO) - NYSEARCA
  • Mon, Mar. 28, 7:15 AM
    | Mon, Mar. 28, 7:15 AM | 8 Comments
  • Thu, Mar. 24, 6:55 AM
    | Thu, Mar. 24, 6:55 AM | 6 Comments
  • Thu, Mar. 24, 6:06 AM
    • UBS technicians Michael Riesner and Marc Muller, who called both of the most recent selloffs, are out with a note telling clients to take profits on the S&P 500:
    • "Last week, we saw the suggested overshooting into expiration and the SPX reached the upper end of our projected late Q1/early Q2 target at 2050, which leaves the short-term picture in the U.S. unchanged as to what we highlighted last week. With the rally of the last few weeks and looking at our daily trend work, the SPX has reached its most overbought position since 2009!! Together with significant non-confirmations in our medium-term momentum work, and trading in the time window of our late Q1/early Q2 top projection, we see the market vulnerable for a significant reversal this week, which we would see as the beginning of a tactical top building process and subsequent correction into deeper Q2. We reiterate our last week’s comment and would not chase the market on current elevated levels.
    • "After being aggressively oversold, we saw the February 11th risk bottom as the basis for a multi-week bear market rally in global equities into the late March/early April timeframe with a price target 2000/2050 in the SPX before starting a new significant tactical down leg into deeper summer. Last week, we said that a final overshooting into expiration is still likely, but particularly in the week after triple witching we very often see important tactical trend reversals in the market.
    • "The February/March rebound was nearly vertical, which is not sustainable. With last week’s extension our daily trend work has reached its most overbought position since 2009. Together with our weekly momentum reaching overbought extremes we have a relatively high likelihood of seeing the market move into an important medium-term top followed by a significant setback. Even if our big picture market view (U.S. and global equity markets are in a cyclical bear market that we expect to continue into Q1 2017) proves to be too bearish, with such an indicator setup we should see the US market minimum ahead of a multi-week consolidation pattern, where we should see higher volatility and therefore a significant pullback."
    • Now read 10 Reasons Why Stocks Bounced Back So Hard »
    • ETFs: SPY, IVE, SH, SSO, SDS, VOO, IVV, UPRO, SPXU, SPXL, RSP, SPXS, RWL, EPS, SPYG, IVW, VFINX, RPG, RPV, SPYV, VOOG, VOOV, SPLX, SFLAFTA, SPUU, DHVW, LLSP, CAPX, RYARX
    | Thu, Mar. 24, 6:06 AM | 22 Comments
  • Wed, Mar. 23, 7:07 AM
    | Wed, Mar. 23, 7:07 AM | 4 Comments
  • Tue, Mar. 22, 7:21 AM
    | Tue, Mar. 22, 7:21 AM | 16 Comments
  • Fri, Mar. 18, 7:11 AM
    • The furious rally over the past few weeks looks like it has the major averages more likely than not to finish the first quarter in the green. Bulls can give thanks to a major dovish shift among global central banks (capped off by the Fed this week), and the growing consensus among OPEC to try and at least cap oil production.
    • U.S. stock index futures are up by about 0.25% across the board. Overnight the Nikkei fell 1.25%, reacting to the surge in the yen vs. the dollar. Shanghai climbed 1.75%. Europe's up about 0.5% at midday.
    • The 10-year Treasury yield is lower by two basis points to 1.875%, gold is down 0.8%, and oil adds to its big rally, up another 1.5% to $40.81 per barrel.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, SPXU, PSQ, TQQQ, SPXL, RSP, SPXS, QID, SQQQ, QLD, DOG, DXD, UDOW, RWL, EPS, SDOW, VFINX, DDM, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, LLSP, UDPIX, OTPIX, RYARX
    | Fri, Mar. 18, 7:11 AM | 15 Comments
  • Thu, Mar. 17, 7:24 AM
    | Thu, Mar. 17, 7:24 AM
  • Tue, Mar. 15, 7:11 AM
    • There's an unfamiliar swath of red across the screen this morning, with U.S. stock index futures lower by 0.4-0.5%, taking their cue from about a 1% decline in Asia overnight and a similar move lower in Europe at midday.
    • The 10-year Treasury yield is down two basis points to 1.94%, gold is off $10.80 per ounce to $1,234, and oil is lower by $0.94 per barrel to $36.24.
    • The FOMC today begins its two-day meeting, at which no action is expected. Might Janet Yellen shock the world with a rate hike?
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, SPXU, PSQ, TQQQ, SPXL, RSP, SPXS, QID, SQQQ, QLD, DOG, DXD, UDOW, RWL, EPS, SDOW, VFINX, DDM, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, LLSP, UDPIX, OTPIX, RYARX
    | Tue, Mar. 15, 7:11 AM | 8 Comments
  • Tue, Mar. 15, 5:52 AM
    • In a note this morning, analysts at Jefferies sound a bullish tone, noting that relative calm has returned to the high-yield debt market and money-flows are normalizing. In their words:
    • "U.S. monetary conditions have loosened as the inflation rate has climbed and real rates have gone negative despite last year's rate hike. China's monetary conditions through the double whammy of a cut in the RRR and increased bank loan growth have further eased monetary conditions in the dollar bloc.
    • "The drop in non-OPEC oil production (primarily led by the U.S.) and tentative verbal agreements amongst some OPEC members appears to have put a bottom in oil prices.
    • "The bottom line is that the 'perfect storm' is passing and that a number of unrelated factors have caused monetary conditions to ease."
    • Contrast Jefferies' view with that of Morgan Stanley, who said yesterday there's a 30% chance of a U.S. recession.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, SPXU, PSQ, TQQQ, SPXL, SPLV, RSP, SPXS, QID, SQQQ, PRF, QLD, CRF, DOG, DXD, UDOW, RWL, EPS, SDOW, VV, VFINX, USA, SCHX, DDM, IWB, OEF, ZF, SPHB, MGC, SPHQ, QQEW, QQQE, FEX, VONE
    | Tue, Mar. 15, 5:52 AM | 16 Comments
  • Mon, Mar. 14, 7:06 AM
    | Mon, Mar. 14, 7:06 AM
  • Fri, Mar. 11, 7:09 AM
    | Fri, Mar. 11, 7:09 AM | 10 Comments
  • Thu, Mar. 10, 4:54 PM
    • In a note this morning, Goldman does an about-face on its recent advice to buy S&P calls:
    • "The recent relief rally might be short-lived, especially with oil prices now at the upper end of our commodities team's forecast range for 1H 2016.
    • "We make no changes to our asset allocation at this stage as the relief rally has been too fast, in our view. We still do not feel comfortable taking more risk in equities until valuation or growth becomes more attractive.
    • "Although we believe the market has been too pessimistic, we think a key driver of the relief has been higher oil prices. With oil at the upper end of our commodities team's forecast range for 1H 2016, it could drive further volatility as we do not believe oil weakness is necessarily over.
    • March 9: Goldman: Don't bet on bond market convergence
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, SPXU, PSQ, TQQQ, SPXL, SPLV, RSP, SPXS, QID, SQQQ, PRF, QLD, CRF, DOG, DXD, UDOW, RWL, EPS, SDOW, VV, VFINX, USA, SCHX, DDM, IWB, OEF, ZF, SPHB, MGC, SPHQ, QQEW, QQQE, FEX, VONE, JKD, XLG, SPLX, EEH
    | Thu, Mar. 10, 4:54 PM | 32 Comments
  • Thu, Mar. 10, 7:07 AM
    • Mario Draghi and team are expected to further ease policy at today's ECB meeting - whether it be a rate cut or a boost to the QE program, or both. A statement from the central bank is due at 7:45 ET, followed by Draghi's press conference at 8:30.
    • Europe's little-changed ahead of the results, and U.S. futures are marginally higher. The Nikkei gained 1.25% overnight, and Shanghai lost 2%.
    • The 10-year Treasury yield is about flat at 1.87%, gold is down 0.5%, and oil is off 0.3%.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, SPXU, PSQ, TQQQ, SPXL, RSP, SPXS, QID, SQQQ, QLD, DOG, DXD, UDOW, RWL, EPS, SDOW, VFINX, DDM, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, LLSP, UDPIX, OTPIX, RYARX
    | Thu, Mar. 10, 7:07 AM
  • Wed, Mar. 9, 7:18 AM
    | Wed, Mar. 9, 7:18 AM | 9 Comments
  • Tue, Mar. 8, 6:51 AM
    | Tue, Mar. 8, 6:51 AM | 2 Comments
  • Mon, Mar. 7, 7:05 AM
    | Mon, Mar. 7, 7:05 AM | 4 Comments
SSO Description
ProShares Ultra S&P500 seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the S&P 500® Index.
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Country: United States
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