Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Going long UPRO

|Includes: ProShares UltraPro S&P 500 ETF (UPRO)

It is time for the field test of my leveraged system. The goal is to significantly outperform the SP500 over the next three years by using the 3X leveraged ETFs - UPRO and SPXU. This morning went long UPRO.

     Long UPRO @ 168.661
     The SP500 was @1180.32 (for benchmark comparison)

Time will tell if the system is as valid in real time as it is with historical data.

Disclosure: Long UPRO