05-08-2009, 02:11 PM
Hmm...I've been a big fan of using these leveraged ETFs like QLD and FAS, since I figure...if you expect something to go up, why not buy something that will go up 2 or 3 times as much?
But I've been looking at the charts, and something isn't quite right.
If you look at today, or the last five days, it looks pretty good - the XLF is up about 19%, the UYG is up about 31%, and FAS is up about 49%. Not quite 2X and 3X, but good enough.
FAS vs UYG vs XLF 5 day
But if you look at the Year to Date...the XLF is pretty much flat for the year, the UYG is down 30%, and FAS is down an insane 60%! Something is just not right with that...
FAS vs UYG vs XLF YTD
Same for QLD...long term it's fine, but today it's traded below the level of the Nasdaq, despite supposedly being 2X it.
Gonna have to rethink these things...
But I've been looking at the charts, and something isn't quite right.
If you look at today, or the last five days, it looks pretty good - the XLF is up about 19%, the UYG is up about 31%, and FAS is up about 49%. Not quite 2X and 3X, but good enough.
FAS vs UYG vs XLF 5 day
But if you look at the Year to Date...the XLF is pretty much flat for the year, the UYG is down 30%, and FAS is down an insane 60%! Something is just not right with that...
FAS vs UYG vs XLF YTD
Same for QLD...long term it's fine, but today it's traded below the level of the Nasdaq, despite supposedly being 2X it.
Gonna have to rethink these things...
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Currently PvPing in the stock market
Currently PvPing in the stock market