Look at this graph. I understand they hold different things but something is wrong here. There is no realtionship between the two whatsoever.
Again for all you genius chart readers, I ask why is URE up 5%ish over the past 5 days and srs is down over 20%? I am not so much being sarcasitic as I am just hoping for an insightful answer from someone.
URE was manipulated up into Month End to $6.45 when its real value was $5.60 or lower. So that's the reason for the discrepancy since you only provide a 1 week chart. Blatant market manipulation into month end.
A better question is why is there a divergence between the two on a longer term basis? That's been answered many times on this board.
These are complicated investments. I originally thought they would work together also. But they don't, so do your own DD, but I have been saying to everyone for the past 3 weeks that $7.50 is the easy money here. $10 is possible, but all buys below $7.50 are good!!! At the same time I predicted the Monster of all bear market rallies. DOW 9,500 - 11,000. Get Ready
If they are mirror images of each other why is srs down 25% over that period of time and ure is only up around 5%? Am I blind or is that not what the graph tells us at the end of the 5 day period?
Are we looking at the same charts. See link. The last 5 days URE is up 60+% and SRS is down 50+%
Are you kidding? They are mirror images of each other as they should be as one is ultra long (URE) the other is ultra short (SRS).
I read about this ETF only the other day and have traded it daily now since Monday. I have made over 40% on this ETF this week alone. One of the other ETF in the article was UYG a ultra financial ETF and I've made over 25% this week on that one. I've made more money since August than at any other full year in all my trading life of over 20 years. My retirement IRA's have been crushed but I've more than made up for them in trading the last few months.
Happy Trading all!!