Daytrading UltraShort Financials ProShares (AMEX: SKF)
Posted on August 28th, 2008
Written by Richard
Posted in: N/A (old archives)
Jeff asked for a chart of UltraShort Financials ProShares (AMEX: SKF) in the comments. You can see here that there wasn’t much action for our simple example system on SKF today… during a lot of the down move, the volume pressure was to the upside. I suspect that sometimes the arbitrage on ETFs will skew the volume pressure. Nevertheless, we made 2 trades for +$1.37 per share.
Here is the chart:
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© 2010 Richard Todd. I am not a financial advisor, and nothing on the site should be considered investment advice or actionable recommendations. I'm just an individual, saying what I think, and sharing my experiences.