Inverse ETFs

1x Short Funds:

• Direxion Daily Total Market Bear 1x Shares (TOTS) : -100% of the MSCI US Broad Market Index.
• ProShares Short Dow30 ETF (DOG) : -100% of the Dow Jones Industrial Average.
• ProShares Short MidCap 400 ETF (MYY) : -100% of the S&P MidCap 400 Index.
• ProShares Short QQQ ETF (PSQ) : -100% of the Nasdaq 100 Index.
• ProShares Short Russell 2000 ETF (RWM) : -100% of the Russell 2000 small-cap stock index.
• ProShares Short S&P 500 ETF (SH) : -100% of the S&P 500.
• ProShares Short Small Cap 600 (SBB) : -100% of the S&P Small Cap 600.

2x Short Funds:

• ProShares UltraShort Dow 30 ETF (DXD) : -200% of the Dow Jones.
• ProShares UltraShort Mid Cap 400 ETF (MZZ) : -200% of the S&P Mid Cap 400.
• ProShares UltraShort QQQ ETF (QID) : -200% of the Nasdaq 100.
• ProShares UltraShort Russell Mid Cap Value ETF (SJL): -200% of the Russell Mid Cap Value Index.
• ProShares UltraShort Russell Mid Cap Growth ETF (SDK) : -200% of the Russell Mid Cap Growth Index.
• ProShares UltraShort Russell1000 Value ETF (SJF): -200% of the Russell 1000 Value Index.
• ProShares UltraShort Russell1000 Growth ETF (SFK) : -200% of the Russell 1000 Growth Index.
• ProShares UltraShort Russell 2000 ETF (TWM) : -200% of the Russell 2000 Index.
• ProShares UltraShort Russell 2000 Growth ETF (SKK) : -200% of the Russell 2000 Growth Index.
• ProShares UltraShort Russell 2000 Value ETF (SJH) : -200% of the        Russell 2000 Value Index.
• ProShares UltraShort Russell 3000 ETF (TWQ) : -200% of the Russell 3000 Index.
• ProShares UltraShort S&P 500 ETF (SDS) : -200% of the S&P 500.
• ProShares UltraShort Small Cap 600 ETF (SDD) : -200% of the S&P Small Cap 600.

3x Short Funds

• Direxion Daily S&P 500 Bear 3x Shares (SPXS) : -300% of the S&P 500 Index.
• Direxion Daily Mid Cap Bear 3x Shares (MIDZ): -300% of the S&P Mid-Cap 400 Index.
• Direxion Daily Small Cap Bear 3x Shares (TZA) : -300% of the Russell 2000.
• ProShares UltraPro Short QQQ ETF (SQQQ) : -300% of the Nasdaq 100.
• ProShares UltraPro Short Dow 30 ETF (SDOW) : -300% of the DJIA.
• ProShares UltraPro Short S&P 500 ETF (SPXU) : -300% of the S&P 500.
• ProShares UltraPro Short Mid Cap 400 ETF (SMDD) : -300% of the S&P Mid Cap 400.
• ProShares UltraPro Short Russell 2000 ETF (SRTY) : -300% of the Russell 2000.

Bank of America (BAC) 03/16/12

BAC broke out of its flag this week and did so on higher volume. It is both riding the general market breakout of the Dow:13000 and NASDAQ:3000 rally, plus having unexpected;y passed the recent stress tests (which C did not).

The Measure Rule here determines a price appreciation target by taking the movement from the onset of the appreciation to the top of the flag (left most green line), then applying that from the bottom of the corrective flag formation. Target is 11.10. (horizontal green line).

Price appreciation is in high gear as shown by it "walking" the upper Bollinger band--and doing so on higher-than-average volume. Note the lower Bollinger band (arrow) has yet to turn up or even move sideways, indicating the momentum is still strong. This indicator is a Cox-developed one; you will not find it in any book.

The price target is not only a high probability of being met it appears it will be met soon.

EDC Breakout

Would appear EDC is leading the pack with its breakout. It led the rise before the stall, probably because of the Dow stuck at 13,000, so it rightfully should lead the next leg.

ERX Makes Target 1

ERX has achieved its target from the lower calculation (heavier green) and shows every evidence it achieve the higher one. This target calculation is achieved in 83% of cases, making it a manner of making a living. Nice way to make a living, too, I might add.

High, Tight Flag--Almost

Although this does not quite meet the 90%-rise-in-two-months criteria for the High, Tight Flag, it is close. The flag definitely meet criteria and yesterday shows a breakout.

The value of the High, Tight Flag (HTF) is that the stock will rise 69%, achieving that criteria 90% of the time, with a breakeven failure rate of zero! Statistics are unavailable for almost HTFs are unknown, it seems rational to expect good things and well worthy of a ride.

At this point, the risk seems minimal, just below the lower channel line, while the reward is 37 points--so 37:3 or better than 10:1 reward:risk ratio. With 3:1 the minimal advantage sought, 10:1 with a pattern than seldom fails, ...

The market itself is responsible for the delay since it is working its way through an area of resistance. It's P&F target is 1640, agreeing with the TNA target area.

Weekly MACD Keeps Traders on the Right Side of the Bigger Trend

The chart shows the S&P 500 ETF with weekly candles and weekly MACD (12,26,9). Even though some signals may seem late, this classic indicator combines trend following and momentum to keep players on the right side of trend. Moves above the signal line favor the bulls, while moves below favor the bears. At the very least, traders should attempt to trade in harmony with this indicator.

C Breakout

Citigroup enjoyed a breakout over a longer term trendline. Two targets are calculated, but both appear not realizable for months. I would become more interested when, as, and if the price were to return to the lower channel boundary.