Posts for Ticker ‘TBT’

Technical Analysis Predictions For Q4 (SPY, UUP, UDN, GLD, TLT, TBT)

bull-and-bear-image2Maybe it is time after a 50%+ gain in the major equity indexes, or maybe it is just everyone getting into the October bearish mode.  We are hearing more and more calls for a very weak equities market ahead.  One of our affiliates just ran a detailed audio/video presentation showing what the charts are expecting for Q4-2009 in the S&P 500, the US Dollar Index, Gold, and even bond yields.  Unfortunately this is a bad prediction for stocks and can be tracked directly by the SPDR (NYSE: SPY), or Spyders.  This prediction also has some gloom forecast for the US Dollar Index, which can be tracked in the PowerShares DB US Dollar Index Bullish (NYSE: UUP) and in the PowerShares DB US Dollar Index Bearish (NYSE: UDN). That is partly for the call for much higher Gold, which can be tracked most easily in the SPDR Gold Shares (NYSE: GLD).  The prediction for bonds was not as finite, but at record lows we can’t really argue with the logic that yields can only go one way unless sideways is considered a directional change.
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Posted on: October 5, 2009 – 1:02 pm in Analyst Calls, Bonds, Charts, Commodities, ETF, Economy, Index, International Markets, Metals, Technology Companies, , , , , ,

ProShares ETF Launch: Short Selling Treasuries (PST, TBT)

The American Stock Exchange announced the launch of two new exchange traded funds by ProShare Advisors LLC today. The UltraShort Lehman 7-10 Year Treasury ProShares (Amex: PST) and UltraShort Lehman 20+ Year Treasury ProShares (Amex: TBT) make the total ETF’s listed by ProShares on the American Stock Exchange reach 62.

Both ETF’s give exposure to inverse performance of fixed income indexes, in other words "Short Selling" and probably qualified for IRA’s.

PST targets investment results on a daily basis that relate to twice the inverse of the daily performance of the Lehman Brothers 7-10 Year U.S. Treasury Index which includes all public, investment grade, non-convertible U.S. Treasury securities with $250 million or more par outstanding.

The TBT relates to twice the inverse of the daily performance of the Lehman 20+ Year U.S. Treasury Index. This includes public, investment grade, non-convertible U..S. securities with a par value of $250 million or more.

Jon C. Ogg
May 1, 2008

Posted on: May 1, 2008 – 10:35 am in ETF, ,