Its truly a short seller's market so far in 2008. There are only a handful of non-short or ultrashort ETF's posting positive gains. Had you listened to The Fly and positioned yourself short in December 2007, you could have banked some coin!
| Name | Symbol | YTD % Chg |
| PROSHARES ULTRASHORT FINANCIALS | SKF | 29.8% |
| PROSHARES ULTRASHORT MIDCAP400 | MZZ | 28.4% |
| PROSHARES ULTRASHORT RUSSELL2000 | TWM | 28.2% |
| PROSHARES ULTRASHORT OIL & GAS | DUG | 28.0% |
| PROSHARES ULTRASHORT QQQ | QID | 26.7% |
| PROSHARES ULTRASHORT BASIC MATERIALS | SMN | 25.5% |
| PROSHARES ULTRASHORT REAL ESTATE | SRS | 25.3% |
| PROSHARES ULTRASHORT S&P500 | SDS | 22.2% |
| PROSHARES ULTRASHORT DOW30 | DXD | 20.0% |
| PROSHARES ULTRASHORT MSCI EMERGING MARKETS | EEV | 20.0% |
| PROSHARES ULTRASHORT FTSE/XINHUA CHINA 25 | FXP | 13.2% |
| POWERSHARES DB AGRICULTURE FUND | DBA | 10.9% |
| PROSHARES SHORT S&P500 PROSHARES | SH | 10.8% |
| PROSHARES SHORT DOW30 PROSHARES | DOG | 9.7% |
| ISHARES SILVER TRUST | SLV | 9.1% |
| STREETTRACKS GOLD TRUST | GLD | 6.0% |
| UNITED STATES NATURAL GAS FUND | UNG | 5.9% |
| MARKET VECTORS VECTORS GOLD MINERS | GDX | 5.5% |
| ISHARES TRUST LEHMAN 7-10 YEAR TREASURY BOND | IEF | 3.0% |
| ISHARES TRUST LEHMAN 20+ YEAR TREASURY BOND | TLT | 2.6% |
| ISHARES TRUST LEHMAN TIPS BOND | TIP | 2.6% |
| ISHARES MSCI MALAYSIA | EWM | 2.3% |
| ISHARES TRUST LEHMAN AGGREGATE BOND | AGG | 2.1% |
| MERRILL LYNCH & CO. BIOTECH HOLDRS | BBH | 1.6% |
| ISHARES TRUST LEHMAN 1-3 YEAR TREASURY BOND | SHY | 1.3% |
ETF Trading Ideas for the Week Ahead:
1. Continued weakness in oil prices should see DUG continue to rise at least through March.
2. An oversold rally will ensue at some point (its getting close), which sectors will catch a bid? Try the Nasdaq ultra-long (QLD) or for the daring, try the financials ultra-long (UYG)
3. When the Fed comes in with a big rate cut (some say 75 bp or more), expect a big rally in the banks. KRE, KCE could bounce strongly. Look at housing too XHB.
4. If the govt's fiscal stimulus takes shape ($800 cash or so) expect the beaten down retailers to pop. Take a look at RTH or XRT.
5. Here's an interesting observation: While DBA, the agricultural commodities ETF is up nearly 10% YTD, the agriculture companies ETF (MOO) is down -12.9%. How do you reconcile that? Either DBA has to come down or MOO has to go up. MOO's components got clobbered this week. DE, MOS, MON, BG, POT all losing significant percentages. I have a feeling these stocks will rise later in 2008 as worldwide ag inflation continues. Keep an eye on MOO!
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