Wednesday, May 19, 2010

UUP

The investment seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Long US Dollar Futures index. The index is comprised solely of long futures contracts. The futures contract is designed to replicate the performance of being long the US Dollar against the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.





The BUY SIGNAL on the US Dollar ETF was in mid-April @ $23.78.  You can see on the above chart what effect a $2 move in the ETF over a month would have on at-the-money calls, about a 200% return.  Not a guarantee, just a what-if.


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4 comments:

Mike said...

another one of those Martha Stewart charts...

"it's a good thing"

-Mike

Anonymous said...

Dirk Diggler here. Looking at SRS, TZA, FAZ, the leveraged 3x bear funds --- because the MAvgs are not yet parallel, I think that it will take another two weeks to see the crash really get steam. So, took some profits today and looking to add back into these in very early June. Could be wrong, but did not get long; thus have massive cash load.

Like a Rock

ps. kept silver miners.

Anonymous said...

Dirk:

should have kept those an extra day ...

khalid said...

My silver miners are getting pounded hard. My miners in general... Guess I should have cashed out a week or two ago.

But hey, like a rock, and all that... LOL