Archive

Archive for May, 2011

Metals Report: Gold On Upswing As Debt Fears Overshadow Rallying Dollar (GLD, IAU, GDX, SLV, AGQ, ZSL, PPLT, PALL)

May 24th, 2011

Sumit Roy:  While neither side can claim victory yet, the battle between bulls and bears raging in the precious metals market has shifted notably in favor of the former. Key support levels continued Read more…

IAU, NYSE:AGQ, NYSE:GDX, NYSE:GLD, PALL, PPLT, SLV, ZSL

Direxion To Begin Trading The Direxion Daily Agribusiness Bear 3x Shares ETF (COWS) Wednesday May 25th

May 24th, 2011

Direxion will begin trading its new “Direxion Daily Agribusiness Bear 3x Shares ETF” (NYSE:COWS) Wednesday, May 25, 2011. The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Read more…

FUND LAUNCH, NYSE:COWS

VROM: And Then There Were Three Automotive Funds

May 24th, 2011

Ron Rowland:  U.S. investors somehow survived for 25 years with just one automotive fund.  In the last ten days their choices jumped to three.  Global X Advisors rolled out the newest entrant, the Read more…

NASDAQ:CARZ, NYSE:VROM

Direxion To Begin Trading The Direxion Daily Agribusiness Bull 3x Shares ETF (COWL) Wednesday May 25th

May 24th, 2011

Direxion will begin trading its new “Direxion Daily Agribusiness Bull 3x Shares ETF” (NYSE:COWL) Wednesday, May 25, 2011. The Fund seeks daily investment results, before fees and expenses, of 300% of the price performance of the Read more…

FUND LAUNCH, NYSE:COWL

Direxion To Begin Trading The Direxion Daily Russia Bear 3x Shares ETF (RUSS) Wednesday May 25th

May 24th, 2011

Direxion will begin trading its new “Direxion Daily Russia Bear 3x Shares ETF” (NYSE:RUSS) Wednesday, May 25, 2011. The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Read more…

FUND LAUNCH, NYSE:RUSS

Guggenheim Funds Exchange-Traded Fund Declares a Distribution

May 24th, 2011

Guggenheim Funds Investment Advisors, LLC, is pleased to announce that the Claymore U.S. Capital Markets Bond ETF has declared a distribution. The table below summarizes the distribution Read more…

UBD

ConvergEx Group Announces Expanded ETF Relationship With IndexIQ

May 24th, 2011

ConvergEx Group, a leading technology company, today announced that it has expanded its relationship with alternative investment firm IndexIQ. IndexIQ is now live on ConvergEx’s award Read more…

ETF BASIC NEWS

Direxion To Begin Trading The Direxion Daily Russia Bull 3x Shares ETF (RUSL) Wednesday May 25th

May 24th, 2011

Direxion will begin trading its new “Direxion Daily Russia Bull 3x Shares ETF” (NYSE:RUSL) Wednesday, May 25, 2011. The Fund seeks daily investment results, before fees and expenses, of 300% of the price performance of the Read more…

FUND LAUNCH, NYSE:RUSL

Direxion Changes Trading Symbol On Natural Gas ETFs

May 24th, 2011

Direxion, a pioneer in providing alternative investment strategies to sophisticated investors, announced today that effective May 24, 2011, the trading symbols for the Direxion Daily Natural Read more…

ETF BASIC NEWS

Right Now There’s A Trend Into Defensive Sectors.

May 24th, 2011

As the president of Global Trends Investments and editor of ETF Trends.com, Tom Lydon spends lots of time looking at — you guessed it — trends. And right now the trend is down, and the money flow is clear. “Sector ETFs are not for the average guy… you have to keep a close eye on them” he says, but Read more…

NYSE:EPU, NYSE:FAA, NYSE:FXA, PBJ, XLP, XLV

SPDR S&P Retail ETF: Retailers Get Crushed By Cotton (XRT, GPS, ARO, RL)

May 24th, 2011

Last week was very rocky for clothing retailers, Ralph Lauren, Aeropostale and almost cataclysmic for the Gap. Read more…

XRT

Deutsche Bank and Invesco PowerShares Launch First Leveraged ETNs Linked to U.S. Dollar Index Futures

May 24th, 2011

Deutsche Bank and Invesco PowerShares Capital Management, LLC today announced the launch of two new Exchange Traded Notes (ETNs), which are designed to provide triple long and triple short exposure to futures contracts on the US Dollar Index® (USDX), an index designed to reflect the value of Read more…

FUND LAUNCH, NYSE:UDNT, NYSE:UUPT, UDN, UUP

Country ETFs: Is It Time To Get Back To Russia? (RSX, TUR, C)

May 24th, 2011

Tim Seymour:  A lot of cross-currents out there on market exposure. Only a few weeks after brokerage sentiment turned against Russia, Citigroup (NYSE:C) was advising clients to dip back in Read more…

RSX, TUR

Looking For Silver (SLV) and Molycorp (MCP) to Break Out Of Recent Funks

May 24th, 2011

While looking for stocks I believe will break their recent down trends, Molycorp, Inc. (NYSE:MCP) stood out to me. I will be watching break of the $60 level for a potential momentum trade to the $62.60 level. If price action can break that $62.50 pivot I will be looking for a swing trade to my first Read more…

SLV

Nuclear Power: Will Uranium Bounce Or Is It Still Radioactive? (URA, NLR, CCJ, URRE, UEC)

May 24th, 2011

Jim Trippon:  Very shortly after Japan’s Fukushima nuclear accident, Global Profits Alert issued an urgent warning. We advised our readers to dump all nuclear-related stocks, especially uranium. Read more…

NLR, URA

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