Seeking Alpha

SSO
ProShares Ultra S&P 500 ETF

5/26/2012, 2:59 PM ET
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SSO Market Currents more »
  • Thursday 8:34 AM How about a show of hands on who thinks the euro is headed lower, asked Goldman's Jim O'Neill at a January hedge fund conference, when the currency was about $1.26. Nearly every hand in the room shot up. Six weeks later, the euro was buying $1.35. "If Europe says something good," writes Upsidetrader, look for a big reversal in the euro, the dollar, and stocks. [Global & FX]
  • Thursday 7:09 AM Peter Lynch had the theory Mondays are typically bad for stocks because the weekend just gives the worrywarts time to worry. Eddy Elfenbein puts the idea to the test and finds the S&P is off 8.23% for all the combined Mondays since April 15, 2011. Tuesdays: The S&P has gained 20.05%.
  • Wednesday 11:26 AM Today's decline puts the S&P red on a Y/Y basis, -1.1% vs. +29.6% for everyone's favorite hated asset class (TLT). SPY is +4% YTD, but being threatened by Treasurys, +2.4%. On this day in 2000, the S&P opened 7% higher than its current level, notes Pattern Traders.
  • Tuesday 10:55 AM A nice bookend to Goldman's bell-ringing March 21 buy stocks/sell bonds call, David Kostin and crew are today out with a bearish note warning about poor near-term prospects for stocks. The S&P vs. Treasurys in the period before and after the March 21 boner.
  • Tuesday 7:29 AM As of last Friday, Jeff Saut's key technical indicators were in historic negative territory. In past cases, he says, major market averages were higher a month later 92% of the time. "You can have cheap equity prices, or you can have good news, but you can't have both," says Joe Rosenberg. We currently have "bad news" and "cheap prices." Take advantage.
  • Monday 8:24 AM The DJIA completed its 3rd consecutive week of losses last week - something that's only happened 9 other times in the history of the index, says Jason Goepfert. The subsequent performance in those other instances "wasn't particularly consistent or inspiring."
ETF Stats
  • Expense Ratio: 0.95%
  • Average Bid Ask Ratio: 0.02%
  • Tracking Error: 0.27%
  • Concentration Risk: 7.87%
  • Capital Gains Dist. %: 0.00%
  • Number of Securities: 500
  • Dividend Amount: $0.008676
  • Dividend Date: 12/23/2011
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SSO Instablog posts more »
  • SPY Support At Hand?
    Thu, May 17 Playing the Ponzi Comment!
  • The Market Savior
    Mon, May 7 InTheMoneyStocks.com Comment!
  • S&P Testing Recent Support
    Wed, May 2 Playing the Ponzi Comment!
  • Can The Greenback Fall Enough To Save The Markets
    Mon, Apr 23 InTheMoneyStocks.com Comment!
  • S&P range - where next?
    Tue, Apr 17 Playing the Ponzi Comment!
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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.
See more details on sponsor's website
Country: United States