Sentences with phrase «ultrashort basic»

SMN - ProShares UltraShort Basic Materials — Up 7 % — Given the similar theme of negative market sentiment during the past week, it didn't bode well for basic materials prices.

There are now several leveraged ETFs, and short too, such as Proshares Ultra Technology (ROM) and UltraShort Basic Materials (SMN).

The ProShares UltraShort Basic Materials ETF ($ SMN), which was first pointed out for potential trade entry in our November 5 commentary and subsequently triggered for buy entry on yesterday's open, cruised 4.0 % higher on the day.

ProShares UltraShort Basic Materials ETF ($ SMN) rallied to our target price, so we sold and locked in a 9.2 % gain with just an 8 - day holding period.

We bought ProShares UltraShort Basic Materials ETF ($ SMN) on Nov. 7 and ProShares UltraShort Real Estate ETF ($ SRS) on Nov. 5, two inversely correlated ETFs that move in the opposite direction of their underlying indexes.