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> "New" 3X funds... were 2X, Will GOLD become mere "DUST"?
Rogerdodger
post Dec 11 2011, 03:02 PM
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For those who want more for their money...


Effective Dec. 1, all Direxion Daily Bull and Bear 2x ETFs will change names, investment objectives and maintenance requirements.

While the symbols will remain the same, the names will change to show an increase from 2x to 3x leverage, as these ETFs seek daily exposure of 300% (or -300%) of each fund's respective benchmark. (Ex. Daily BRIC Bull 2x Shares will change to Daily BRIC Bull 3x Shares)

The investment objective of the below-listed ETFs will also change to include an increase in exposure to their benchmarks from 200% (or -200%) to 300% (or -300%). In turn, their maintenance requirement will increase from 75 percent to 100 percent.

The affected ETFs (with the new name reflected below) are:

BRIL (Daily BRIC Bull 3x Shares)

BRIS (Daily BRIC Bear 3x Shares)

INDL (Daily India Bull 3x Shares)

INDZ (Daily India Bear 3x Shares)

NUGT (Daily Gold Miners Bull 3x Shares)

DUST (Daily Gold Miners Bear 3x Shares)

GASL (Daily Natural Gas Related Bull 3x Shares)

GASX (Daily Natural Gas Related Bear 3x Shares)

RETL (Daily Retail Bull 3x Shares)

RETS (Daily Retail Bear 3x Shares)

Will Gold become DUST? (Short term)
Jack Chan's:


I believe that Laundry is long term bullish in gold (to 2020) but short term concerned.
Losing the blue ma would indicate more weakness where 140-145 could be support:


This post has been edited by Rogerdodger: Dec 11 2011, 03:38 PM


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DrSP
post Dec 11 2011, 03:06 PM
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Problem with these is the volume. I looked into these names long time back. At 3300/ day, you can dream about how INDZ will be trading.


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Rogerdodger
post Dec 11 2011, 03:12 PM
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25 Most Popular ETFs by volume:
http://etfdb.com/compare/volume/


FYI #25 is USO
Oil is Middle East News driven in addition to demand.
Things are mysteriously blowing up in Iran without any overt military attack.
Maybe those mysteries are calming fear of oil spikes caused by an all-out war.
QUOTE
Two weeks ago, an explosion at a missile base west of Tehran killed more than 20 members of Iran's Revolutionary Guard Corps, including Cmdr. Hassan Moghaddam, described as the architect of Iran's missile program.
These, experts note, are only the most recent cases; a half-dozen other mysterious explosions and accidental deaths have been reported over the last two years. They include an October 2010 explosion at a military base housing Shahab-3 missiles near the city of Khorramabad and the July 2011 assassination of nuclear scientist Dariush Rezaei in Tehran.
Stuxnet, a computer virus that wreaked havoc on the centrifuges in Iran's uranium enrichment facilities, has rewritten the playbook for international cyber-terrorism.

Read more: http://www.miamiherald.com/2011/12/05/2532...l#ixzz1gGB7AgLn


Carl's Decision Point targets a drop to 35
Maybe commodities in general will see more pullback.
http://blogs.decisionpoint.com/chart_spotl...s-oil-fund.html
Jack Chan's:


This post has been edited by Rogerdodger: Dec 11 2011, 03:33 PM


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selecto
post Dec 11 2011, 03:15 PM
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If you want to 3X the SPX you can do no better than long TNA up, FAZ down.

You can short them also, etc., but beware buy-in threats on longer trades. I've stopped doing it.

This post has been edited by selecto: Dec 11 2011, 03:16 PM
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Rogerdodger
post Dec 11 2011, 04:14 PM
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QUOTE (selecto @ Dec 11 2011, 02:15 PM) *
If you want to 3X the SPX you can do no better than long TNA up, FAZ down.

You can short them also, etc., but beware buy-in threats on longer trades. I've stopped doing it.


They are Number 7 & 8 in the top 25 by volume.
http://etfdb.com/compare/volume/


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selecto
post Dec 11 2011, 05:51 PM
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Speaking of 3 x funds, just between you and me, I will note that we are turning at the top of a 30 minute cycle on the T 'n A, and that we have put in a string of lower lows and lower highs, so we better fetch up short tamale on this cycle so the bull can gain some cred.



This post has been edited by selecto: Dec 11 2011, 05:58 PM
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selecto
post Dec 11 2011, 06:02 PM
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Lee48
post Dec 11 2011, 08:23 PM
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Gold and oil does look weak.
In general it's not a good time to buy ETFs with capital gains distribution due in Dec.. I'm waiting to see the high yld funds fair.
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vitaminm
post Dec 11 2011, 10:10 PM
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selecto..

why not see the same 30min chart in 3/5 sma format?


QUOTE (selecto @ Dec 11 2011, 05:02 PM) *



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selecto
post Dec 11 2011, 11:27 PM
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Quick answer is that with oscillators you get "zones" which are informative. I do run various ma's on my trading charts.
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