Lets make even more money

We have been playing the QQQ Nasdaq, in a contrarian manner which so far has been producing bank. But you might ask, is there a way to make even more money? Just so happens that there is. The QQQ Proshares.

Now Only Provider Offering Daily 3x and -3x ETFs on Five Most Traded Broad U.S. Market Indexes

Bethesda, MD, February 11, 2010 — ProFunds Group, the world's largest manager of leveraged and inverse funds¹, announced today that it is launching eight new ProShares ETFs. A pair of ETFs, one with a daily 3x objective and one with a daily -3x objective (before fees and expenses), is being launched on each of the following indexes: the NASDAQ-100®, Dow Jones Industrial Average®, S&P MidCap 400^TM and Russell 2000®. Three of the pairs will list today on NYSE Arca and one on The NASDAQ Stock Market®.

With today’s launch, ProShares becomes the first and only ETF provider offering ETFs with daily 3x and -3x objectives on each of the NASDAQ-100, the Dow Jones Industrial Average, the S&P MidCap 400 and the S&P 500. ProShares previously launched ETFs offering daily 3x and 3x exposure to the S&P 500 in 2009. ProShares offerings now include 3x and -3x ETFs for each of the five most traded broad U.S. indexes.²

"Many savvy investors believe that taking advantage of tactical allocation opportunities will be the key to successful investing in the near term. These new ETFs provide knowledgeable investors with additional tools to act on short-term moves in popular U.S. indexes," said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor.

ProShares	Ticker Symbol	Index	Objective*	Exchange
New +3x UltraPro ProShares
UltraPro QQQ	TQQQ	NASDAQ-100 Index	+300% Daily	NASDAQ
UltraPro Dow30	UDOW	Dow Jones Industrial Average	+300% Daily	NYSE Arca
UltraPro MidCap400	UMDD	S&P MidCap 400 Index	+300% Daily	NYSE Arca
UltraPro Russell2000	URTY	Russell 2000 Index	+300% Daily	NYSE Arca
New -3x UltraPro ProShares
UltraPro Short QQQ	SQQQ	NASDAQ-100 Index	-300% Daily	NASDAQ
UltraPro Short Dow30	SDOW	Dow Jones Industrial Average	-300% Daily	NYSE Arca
UltraPro Short MidCap400	SMDD	S&P MidCap 400 Index	-300% Daily	NYSE Arca
UltraPro Short Russell2000	SRTY	Russell 2000 Index	-300% Daily	NYSE Arca
Existing +3x and -3x UltraPro ProShares
UltraPro S&P500	UPRO	S&P 500 Index	+300% Daily	NYSE Arca
UltraPro Short S&P500	SPXU	S&P 500 Index	-300% Daily	NYSE Arca

*Before fees and expenses

The QQQ Proshares are still around and its a great way to further leverage your option money. Its movements are more exaggerated and the options bounce around more. As a matter of fact, I will be timing the bottom of this thing by following both the news of Greece and the technicals to get in and make some money using this ETF instead of just purchasing a call on the cubes, to give you guys the flavor of extra coin.  Although in this environment, I dont expect that much of a bounce up, but the ETF will make more money going up than just the straight QQQ. I wouldnt use these for any long term placings, but as the man said in the article above, for short term moves, this is great. So check out the above chart, click on some of its links, compare the QQQ chart to the Proshares chart (QQQ vs TQQQ) and look at the last couple of weeks and see the difference. Now check out the options chain. Nice and liquid. 

So tomorrow, we will read the markets and watch for a bottom whether it be tomorrow or the next couple of days. Look at www.the1045report.com for a market snapshot with chart pic.

Tomorrow we mine more from the Markets,

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