In his Technical Swing model, Michael Arold surveys market movement and technical indicators while taking advantage of short-term price swings and positions that have been over bought or oversold and will likely swing in the opposite direction. This week Arold added SPDR KBW Regional Banking ETF (KRE), an ETF that attempts to mirror the performance of the KBW Regional Banking index. At the time this post was written, KRE was trading at a discount and 99.86 percent of its assets were invested in financial services stocks, according to Yahoo Finance.
Glenn Holderreed’s QPM Radar model uses the proprietary QPM Radar™ system for technical charting analysis to choose ETFs and equities. This week, Holderreed added ProShares Short Dow 30 ETF (DOG) to the model. This bearish ETF looks to mirror the inverse of the performance of the Dow Jones Industrial Average index. At the time this post was written, it was trading at a small discount to NAV and its underlying assets were primarily comprised of Djia Ubs Swaps.
The Mechanical Systems model managed by Jagadeshwar Porandla attempts to predict the highs and lows of a security using a proprietary system. This week, Porandla added Rare Element Resources Ltd (AMEX: REE) to the model. REE, a mineral properties development and exploration company, hit an all-time price high this week when it reached $6.32 during the trading day on September 8th, 2010.
Lucas Krupinski added iPath S&P 500 VIX Short-Term Futures ETN (VXX) to his Small Cap Fundamentals model this week. In the model, Krupinski chooses primarily income securities. VXX attempts to mirror the performance of the S&P 500 VIX Short-Term Futures Total Return Index. At the time this post was written, the fund was trading at a premium to NAV.
