The Management Access model managed by Douglas Estadt is a day trading model with a focus on the purchase of the stock of companies with credible growth stories that have released news that will eventually be worked into the stock’s price. Estadt uses management presentations with fundamental analysis and trade data to research positions. This month, he added ProShares UltraShort 20+ Year Treasury (TBT) to the model. TBT attempts to provide results that are equal to 200 percent of the inverse of the Barclays 20+ Year U.S. Treasury Index. It will be interesting to see how this fund performs throughout the next few months as The Federal Reserve fulfills its proposed quantitative easing activities. On December 27th, Morningstar.com showed TBT trading at a discount to NAV. On the same date, Yahoo! Finance reported the top holding in the ETF as 20+ Treasury Swap.
In his Technical Swing model, manager Michael Arold uses technical indicators along with the movement in the market in order to choose positions to add to the model. But that’s not all the research he does; Arold also uses analyst recommendations, news and information from websites like Investor’s Business Daily when researching stocks. In this model, he attempts to stay away from positions that are prone to sudden changes due to external events. In December, Arold added shares of ProShares UltraShort Euro (EUO) to the model. EUO’s goal is to deliver investment results that are equal to 200 percent of the inverse of the price of the exchange rate of the Euro to U.S. dollars. The fund does so by investing its underlying assets in swaps, futures contracts, and other derivatives. On December 27th, Morningstar.com reported EUO as trading at a discount to NAV.
