ProShares UltraShort Semiconductors
) - This leveraged exchange-traded fund (
) seeks daily investment results that are twice the inverse of the
daily performance of the Dow Jones U.S. Semiconductor
After falling from a high of over $90 in February 2009, this
inverse ETF appears to be forming a solid bottom.
In early May, it broke through its bearish resistance line, and
then formed a triple-top following heavy accumulation. A break
through the triple-top should launch SSG to the $24 to $26 zone and
even change the long-term trend of semiconductors.
Keep in mind that "ultra" ETFs and very speculative, since they
entail unique risks over periods as short as a single day. Results
can be affected substantially by compounding, and returns over
longer periods will likely differ in amount and even direction, so
these products require active monitoring and management.
The SEC warns that leveraged ETFs are not suitable for all
investors, and are especially not suitable for long-term
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