ULTRA ETF in 60: Dude! Where's My Car?...Rolling over UltraShort ETFs SRS & SKFDescription: Friends dont' let friends drive and trade...unless that friend is Alamo! Cruisin around in his 1969 Porsche 912, rolls out a "trade don't" on the Proshares Ultrashort ETFs UltraShort Dow Jones Real Estate (SRS) and UltraShort Financials (SKF). The bottom has been take out of these ultrashort ETFs and these have flatlined. These are garbage stocks now - no good setups to play. The trend for the market is still up, so buying ultrashort ETFs like SKF and SRS are going against the trend. Don't fight the trend. The Dow Jones Real Estate ETF (IYR) has a double bottom on the weekly charts, you don't want to go against that. At the moment (4.24.09), the market is not giving us any good setups, so you must fold fold fold and wait for a premium hand. Kenny Rogers summed this market up the best in the 1978 hit "The Gambler"...
For charts and more commentary on this video, visit episode page: http://bit.ly/Ultra-ETF-in-60-SRS-SKF
