How Is Your Short ETF Performing?

Are you a leader or a follower? Will the followers catch up or under perform? Here is a sampling of a few The TL and fibs are kind of an average (ball parked) for you to see. I'm not surprised to have seen the deep pullback in SKF (the only one that really made any effort). With the emerging markets strength and then China's news, I'm not surprised to see EEV in the lead. I am surprised to see SRS the laggard. That one should be in the lead, but maybe it is just not time yet. I'm planning on making a mint in SRS this year. I guess we'll just have to be patient and wait. Be careful with these. They can bite.

Short ETF Roundup

I do not advocate playing these by their charts, but rather by the indexes they track. This chart is to show the conglomeration of the heard and to attempt to possibly gain sight on where the heard may be headed. EEV leading out of the gate presumably on all of the China news. SKF pulls up fast into second cause O is gonna put the screws to the banks news. DUG rising into third on oil issues. QID and SDS bring up the rear. I can only have 6 max indexes per chart. I may do a 3x chart as well (it should look just like this one).

The black TL and the S/R lines are a ballpark average as well as the fib. They do not apply to any specific ETF. Let's see if this heard stays in a pack or if we can get a defined leader. I do believe this chart may be helpful in identifying the stronger/weaker shorts.You can see where DUG took and early lead but lost it. UUP is not on here, cause it is the big leader in the race of the shorties.

This chart is lives in the Short section of my chartbook here. I have not charted the shorts in some time (wonder why), but I will be updating the individual charts soon.

SDS, EEV and QID - The Red Headed Step Children

Who the fuck knew things were so damn rosy out there? I mean looking at these three you would think that any hint of a recession or unemployment or the plethora of other issues that exist don't exist. This is the most screwed up shit I have ever seen. Notes are in the charts. The skid marks - I mean gaps are the brown sharts across the screen. All support resistance lines are with historical points included. These wedges were so easy to draw even prophit got one of them right in TOS.

EEV - Has fallen 91.75% from its 196 top. So things are so good in emerging markets that this has happened. WTF is gonna happen to EEV when things really do recover in 10 years? Previous all time low was 58.12.



SDS - Has fallen - get this - 61.8% off of the top. 40.38 is all time low.



QID - Has fallen 61.8 points from the top (not a fib number, but kind of cool in relation to that number). Anything below 28.46 is setting all time new lows.