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ProShares UltraShort Russell2000 Message Board

  • datamatters2003 datamatters2003 Apr 29, 2008 2:41 AM Flag

    TWM rise 4-29-08 suggested by technical indicators

    Some data hopefully free from excessive emotion:

    A. According to Yahoo Finance historical TWM prices, if you take the 2008 Tuesdays that follow a market-open Monday (i.e., ignore Jan. 2 because the market was closed New Year's Day Monday), 7 times TWM closed higher and 9 times it closed lower on Tuesday than the previous Monday. However, if you look at a time when TWM has been overall dropping in price, like 4-10-07 through 11-6-07, 15 times TWM closed lower on Tuesday than the previous Monday and 13 times it closed up.

    B. The rise in TWM during the last half hour of trading yesterday, plus the rise during after hours trading (albeit modest at 0.29%) yesterday, bodes well for TWM.

    C. On a more fundamental note, the ongoing political uncertainty posed by Sens. Obama and Clinton adds to uncertainty, which the stock market notably dislikes.

    Happy investing. If you make significant money going long on TWM, please share some with an honorable charity.

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    • Nice to see the share price rise today as we had hoped last night in my original post. Not to be greedy, I sold my entire position. The data on TWM for Wednesdays shows more down than up on the Wednesday we analyzed. Note also that e-brokers like Sharebuilder.com* do their bulk buys of IWM and other long stocks/ETFS on Tuesdays. This can fit the time-honored notion that if the long market is going to be down on a particular day of the week, it is more likely to be Tuesday than most other days.

      Best wishes, and share those profits with charity,
      Data

      *To confirm this, go to Sharebuilder.com, click on Trade, click on Automatic Investing, click on the blue-hyperlinked word "flexible." A window pops up that mentions the automatic investing on Tuesdays.

    • Nice to see the share price rise today as we had hoped last night in my original post. Not to be greedy, I sold my entire position. The data on TWM for Wednesdays shows more down than up on the Wednesday we analyzed. Note also that e-brokers like Sharebuilder.com* do their bulk buys of IWM and other long stocks/ETFS on Tuesdays. This can fit the time-honored notion that if the long market is going to be down on a particular day of the week, it is more likely to be Tuesday than most other days.

      Best wishes, and share those profits with charity,
      Data

      *To confirm this, go to Sharebuilder.com, click on Trade, click on Automatic Investing, click on the blue-hyperlinked word "flexible." A window pops up that mentions the automatic investing on Tuesdays.

 
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