Trends I'm Watching

ETFs Are Making Mutual Funds Obsolete

Trend: BlackRock bought Barclays Global Investors (developer of the popular iShares ETFs) for $13.5 billion – a major fund player moving into the ETF market.

Below are five reasons why Price Headley prefers ETFs over mutual funds. Mutual fund investors should read carefully.

The Tycoon Report - Price Headley - 5 Reasons ETFs are Superior to Mutual Funds.

1) Liquidity -- In today's fast-moving markets, you simply can't afford to have to wait until the end of the day to get in or out when you need to. ETFs are exchange-traded and thus have continuous pricing throughout the trading day, just as any other stock or option traded on an exchange would. So, you have maximum flexibility to enter or exit whenever you see an opportunity or if you need to pull the plug on an investment more quickly.

2) Lower Fees -- While some think since there's no upfront commission on the typical "no load" mutual fund, there are plenty of hidden fees in the form of 12b-1 marketing fees and management fees from the fund company that make me much more comfortable paying the relatively small commission on an ETF without worrying about what's getting taken out of the back end of the typical mutual fund's fee structure.

While index funds may have relatively lower fee structures, I'm more interested in the sector-specific ETFs, and the sector mutual funds often have high turnover and higher fee structures, while also being run by younger staffers as a "proving ground" to see if they can move up to the fund company's bigger fund offerings.

I'd prefer not to be a guinea pig for others to cut their teeth on my portfolio assets -- how about you?

Best Performing ETFs for the Past Week

Trend: First Trust FTSE EPRA/NAREIT Glb Real Es (FFR) led the one week performance (+11%). B2B Direxion Daily 30 Yr Trs Bull 3X Shares (TMF) and Claymore/AlphaShares China Real Estate (TAO)
were the second and third best performers, respectively.

The 20 ETFs with the best one week performance through 6/26/2009 tracked by Morningstar are highlighted below.

Source: MSN Money Exchange Traded Funds (ETFs) Performance Tracker

Name	Ticker	Category	Holdings	Morningstar	Last Price*	1-Wk	4-Wks	13-Wks	YTD	52-Wks	3-Yrs	5-Yrs
First Trust FTSE EPRA/NAREIT Glb Real Es	FFR	Specialty - Real Estate	holdings		$24.75	10.82	5.45	36.51	3.17	-34.64	N/A	N/A
Direxion Daily 30 Yr Trs Bull 3X Shares	TMF	Government Bond - Treasury			$41.72	10.59	7.75	N/A	N/A	N/A	N/A	N/A
Claymore/AlphaShares China Real Estate	TAO	Specialty - Real Estate	holdings		$17.58	8.79	9.53	59.10	61.43	4.89	N/A	N/A
iPath DJ AIG Sugar TR Sub-Idx ETN	SGG	Specialty - Natural Resources			$52.66	8.31	2.95	22.21	29.77	3.70	N/A	N/A
PowerShares Active U.S. Real Estate	PSR	Specialty - Real Estate	holdings		$25.47	8.10	-1.96	18.69	-14.32	N/A	N/A	N/A
Direxion Daily Energy Bear 3X Shares	ERY	Specialty - Natural Resources	holdings		$22.69	7.03	1.89	-26.99	-39.25	N/A	N/A	N/A
Direxion Daily 10 Yr Trs Bull 3X Shares	TYD	Government Bond - Treasury			$49.50	6.64	0.26	N/A	N/A	N/A	N/A	N/A
iShares FTSE EPRA/NAREIT Dev Asia Idx	IFAS	Specialty - Real Estate	holdings		$26.62	6.37	9.81	40.26	25.64	-22.28	N/A	N/A
Vanguard Extended Dur Treas Idx Instl	EDV	Government Bond - Treasury	holdings		$99.47	5.95	5.11	-11.65	-31.23	9.08	N/A	N/A
iPath DJ AIG Nickel TR Sub-Idx ETN	JJN	Specialty - Natural Resources			$23.98	5.92	18.19	60.72	33.34	-29.78	N/A	N/A
Direxion Daily Emrg Mkts Bull 3X Shares	EDC	Diversified Emerging Markets	holdings		$81.89	5.91	0.48	64.71	57.72	N/A	N/A	N/A
PowerShares DWA Em Mkts Technical Ldrs	PIE	Diversified Emerging Markets	holdings		$11.44	5.84	3.73	26.79	21.58	-46.29	N/A	N/A
iShares MSCI Hong Kong Index	EWH	Pacific Stock	holdings		$14.01	5.40	5.56	33.06	36.91	-13.13	5.69	10.53
Rydex Inverse 2x S&P Select Sector Engy	REC	Specialty - Natural Resources	holdings		$8.53	5.31	1.79	-18.84	-29.56	-5.71	N/A	N/A
First Trust DJ Global Select Dividend	FGD	World Stock	holdings		$16.56	5.22	1.88	37.43	18.61	-28.83	N/A	N/A
UltraShort Oil & Gas ProShares	DUG	Specialty - Natural Resources	holdings		$19.04	5.02	2.51	-17.54	-23.96	-11.48	N/A	N/A
iShares MSCI Turkey Invest Mkt Index	TUR	Diversified Emerging Markets	holdings		$37.54	4.74	6.02	58.64	40.74	-16.92	N/A	N/A
iShares FTSE EPRA/NAREIT Dev RE ex-US	IFGL	Specialty - Real Estate	holdings		$25.46	4.70	7.30	34.97	19.84	-28.16	N/A	N/A
PowerShares Global Gold & Prec Metals	PSAU	Specialty - Precious Metals	holdings		$31.22	4.48	-2.72	6.77	18.80	N/A	N/A	N/A
iShares MSCI Taiwan Index	EWT	Pacific Stock	holdings		$10.06	4.36	-6.68	18.21	32.54	-24.21	-2.33	1.60

Disclosure: We may own any EFT above at any time.

Please verify the performance of any ETF before investing.

Insiders Selling Stocks

Trend: Insider selling increased during the stock market rally that started in March 2009.

Bloomberg describes the insider selling – excerpts below.

Link: Insiders Exit Shares at the Fastest Pace in Two Years (Update3) - Bloomberg.com.

Executives at U.S. companies are taking advantage of the biggest stock-market rally in 71 years to sell their shares at the fastest pace since credit markets started to seize up two years ago.

Insiders of Standard & Poor’s 500 Index companies were net sellers for 14 straight weeks as the gauge rose 36 percent, data compiled by InsiderScore.com show. 

Sales by CEOs, directors and senior officers have accelerated to the highest level since June 2007, two months before credit markets froze, as the S&P 500 rebounded from its 12-year low in March. The increase is making investors more skittish because executives presumably have the best information about their companies’ prospects.

“If insiders are selling into the rally, that shows they don’t expect their business to be able to support current stock- price levels,” said Joseph Keating, the chief investment officer of Raleigh, North Carolina-based RBC Bank, the unit of Royal Bank of Canada that oversees $33 billion in client assets. “They’re taking advantage of this bounce and selling into it.”

The S&P 500 slid 2.6 percent to 921.23 last week, the first weekly decline since May 15, as investors speculated the three- month jump in share prices already reflected a recovery in the economy and profits. Stocks dropped as the Federal Reserve reported that industrial production fell in May and S&P cut credit ratings on 18 U.S. banks, saying lenders will face “less favorable” conditions.

The S&P 500 slid the most in two months today [June 22, 2009], losing 3.1 percent to 893.04 at 4:05 p.m. in New York, after the Washington-based World Bank said the global recession this year will be deeper than it predicted in March.

Insiders increased their disposals as S&P 500 companies traded at 15.5 times profit on June 2, the highest multiple to earnings in eight months, Bloomberg data show. Equities climbed as the U.S. government and the Fed pledged $12.8 trillion to rescue financial markets during the first global recession since World War II.

Executives at 252 companies in the S&P 500 unloaded shares since March 10, with total net sales reaching $1.2 billion, according to data compiled by Princeton, New Jersey-based InsiderScore, which tracks stocks. Companies with net sellers outnumbered those with buyers by almost 9-to-1 last week, versus a ratio of about 1-to-1 in the first week of the rally.

Teeka Tiwari  at The Tycoon Report describes nine ways to profit in a downtrend.

Currency Trends

Trend: The financial crisis has created an era of competitive currency devaluations – where every country tries to keep its own currency from rising too much.

Investing in currencies requires insight into the political climate due the the impact of rising currencies on exports and unemployment. Chris Weber at Money Morning reveals the dynamics of the currency wars.

Link: Global Currency Wars Reveal the World's Best Money Play

Since about 2001, whenever any currency rises too much, the local manufacturers or farmers - or anyone who lives by exporting - start to scream about it. Their local governments respond by doing all they can to lower the value of that currency, having it fall in value and thus making exports cheaper - all this in the hope that the domestic economy will become better.

Pick any period so far in this young century and you’ll see that this is true. For instance, right now you see it in those countries whose currencies have soared the most in the last few months.

Let’s focus on the recent highest-flying currencies. The New Zealand dollar soared 23.6% against the U.S. dollar from mid-March through mid-June. That’s the best three-month performance for the Kiwi dollar since way back in 1971, when currencies began floating against each other.

And over 2009, as a whole so far, the strongest currency has been the South African rand, which has soared 18.3% against the dollar since Jan.1, the best performer of all the 16 major currencies. Other currencies that have been strong have been the Norwegian krone and the Canadian dollar (both up 13% since 2009 began) and the Australian dollar (up 14.6%).

It should be no surprise that all these countries have been making noises and taking action to try to reverse that trend.

The bottom line: Currency Strength Leads to Devaluation. Monitor your currency investments regularly.

Currency ETFs

Inverse ETFs for a Commodity Correction

Trend: Many commodity stocks and ETFs have accumulated seemingly unsustainable gains in the last 90 days.

If you need a hedge for your commodity holdings or want to trade on a commodity correction, these inverse ETFs may be of interest.

ProShares

Fund	Ticker (View Chart)	NAV	NAV Change	Market Price*	Market Price Change	Index/Benchmark
UltraShort DJ-UBS Commodity	CMD	$19.94	$0.83	$20.12	$0.90	Dow Jones—UBS Commodity IndexSM
UltraShort DJ-UBS Crude Oil	SCO	$16.59	$0.61	$16.65	$0.70	Dow Jones—UBS Crude Oil Sub-IndexSM
UltraShort Gold	GLL	$15.20	$0.16	$15.33	$0.31	Gold
UltraShort Silver	ZSL	$8.52	$0.77	$8.79	$0.80	Silver

*Closing Price Information as of 6/15/09

Direxion

Symbol	Fund	Index/Benchmark	Daily Target	Bloomberg Index Symbol
ERY	Daily Energy Bear 3x Shares	Russell 1000 Energy	-300%	RGUSEL

Best Performing ETFs for the Past Week

Trend: E-TRACS UBS Bloomberg CMCI Energy ETN (UBN) led the one week performance (+15%). B2B Internet HOLDRs (BHH) and ELEMENTS BG Total Market ETN (BVT) were the second and third best performers, respectively.

The 20 ETFs with the best one week performance through 6/12/2009 tracked by Morningstar are highlighted below.

Source: MSN Money Exchange Traded Funds (ETFs) Performance Tracker

Name	Ticker	Category	Holdings	Morningstar	Last Price*	1-Wk	4-Wks	13-Wks	YTD	52-Wks	3-Yrs	5-Yrs
E-TRACS UBS Bloomberg CMCI Energy ETN	UBN	Specialty - Natural Resources			$15.49	15.20	12.03	36.03	28.05	-54.63	N/A	N/A
B2B Internet HOLDRs	BHH	Specialty - Technology	holdings		$0.39	14.71	18.18	39.29	69.57	-30.36	-7.69	-6.20
ELEMENTS BG Total Market ETN	BVT	Growth			$8.65	11.17	13.25	79.41	57.57	N/A	N/A	N/A
iPath DJ AIG Tin TR Sub-Idx ETN	JJT	Specialty - Natural Resources			$35.83	10.56	5.36	42.02	49.18	N/A	N/A	N/A
Ultra DJ-AIG Crude Oil ProShares	UCO	Specialty - Natural Resources	holdings		$14.19	10.51	43.62	76.05	3.65	N/A	N/A	N/A
PowerShares DB Base Metals Dble Long ETN	BDD	Specialty - Natural Resources			$9.17	10.48	20.97	69.81	70.44	N/A	N/A	N/A
Ultra Utilities ProShares	UPW	Specialty - Utility	holdings		$31.10	8.14	7.84	50.94	-6.35	-58.45	N/A	N/A
ELEMENTS CS Global Warming ETN	GWO	Specialty - Natural Resources			$6.45	7.86	11.40	62.06	24.57	-38.75	N/A	N/A
Direxion Daily Energy Bull 3X Shares	ERX	Specialty - Natural Resources	holdings		$39.53	7.39	14.48	78.09	1.66	N/A	N/A	N/A
PowerShares DB Base Metals Long ETN	BDG	Specialty - Natural Resources			$17.57	7.33	5.21	36.63	38.02	N/A	N/A	N/A
Direxion Daily Dev Mkts Bull 3X Shrs	DZK	Foreign Stock	holdings		$58.57	7.21	22.02	148.13	1.45	N/A	N/A	N/A
Ultra Semiconductor ProShares	USD	Specialty - Technology	holdings		$20.36	6.32	26.15	45.77	43.86	-60.45	N/A	N/A
iShares MSCI Thailand Invest Mkt Index	THD	Diversified Emerging Markets	holdings		$36.29	6.20	20.81	67.24	52.54	-17.38	N/A	N/A
iPath DJ AIG Nickel TR Sub-Idx ETN	JJN	Specialty - Natural Resources			$23.45	6.16	20.56	61.06	30.39	-38.66	N/A	N/A
iShares MSCI Sweden Index	EWD	Europe Stock	holdings		$19.26	5.98	5.11	35.90	23.76	-31.12	-2.87	5.06
iPath DJ AIG Ind Metals TR Sub-Idx ETN	JJM	Specialty - Natural Resources			$29.94	5.61	11.76	34.99	32.87	-37.51	N/A	N/A
PowerShares DB Base Metals	DBB	Specialty - Natural Resources	holdings		$16.02	5.60	9.80	31.64	34.51	-30.51	N/A	N/A
PowerShares DB Crude Oil Dble Long ETN	DXO	Specialty - Natural Resources			$4.73	5.58	34.38	89.96	85.49	N/A	N/A	N/A
iPath S&P GSCI Crude Oil Ttl Ret Idx ETN	OIL	Specialty - Natural Resources			$26.04	5.55	21.34	42.37	11.90	-68.31	N/A	N/A
UltraShort Gold ProShares	GLL	Specialty - Precious Metals	holdings		$15.02	5.47	-9.01	-14.01	-23.82	N/A	N/A	N/A

Disclosure: We may own any EFT above at any time.

Please verify the performance of any ETF before investing.

Stocks Rise on Optimism about a Recovery

Trend: The recent rapid rise in the stock market is based on some assumptions that could reverse quickly.

Bryan Rich at Money and Markets says the price of oil and the value of the dollar are driven by the same factors - fear and uncertainty surrounding the global economy. Inflation does not completely explain the rise of commodities and the decline of the dollar. Perceptions of recovery are boosting optimism and commodity prices - perhaps prematurely. Excerpts below.

Link: Today’s winners could soon be tomorrow’s losers | Money and Markets

The move in oil and other commodities, along with stocks, bonds and currencies, are tracking one key thing: Perception of the health of the global economy.

When the economic and financial crisis commenced, oil and other commodities prices declined aggressively. In fact, the CRB Index, an index that measures a basket of commodities, ultimately fell 58 percent. At the same time, the Dollar Index rallied 25 percent.

That’s because both were driven by the fear and uncertainty surrounding the global economy. Capital fled all risky assets — commodities included — and found safety in U.S. Treasuries via the U.S. dollar.

Now, oil is moving higher and the dollar has been moving lower. This time it’s a retracement of that flight to safety trade. It’s money flowing back into commodities and other higher risk assets and out of the safety of U.S. dollars and longer-term U.S. Treasuries.

The Declining US Dollar

Trend: The US dollar is losing value in the world economy.

Tom Lydon at ETF Trends describes the reasons for the decline of the dollar and highlights an ETF for protecting dollar holder's purchasing power (UDN).

Another way to protect purchasing power is investing in currencies that are gaining strength. Strong currencies gain purchasing power compared to weak currencies. Currency ETFs make investing in currencies simple. Below is a list of currency ETFs from Stock-Encyclopedia.com.

Link: How a Changing View of the Dollar Impacts ETFs | ETF Trends

The U.S. dollar, along with related exchange traded funds (ETFs), could be weakening as the attractiveness of U.S. assets diminish.

Stephen Gallo, head of market analysis at Schenider Foreign Exchange, says the dollar is only just starting to fall, as stated in Moneynews. The dollar recently dropped 5% against the euro and it now trades at around $1.38 to the euro.

As the global economy bottoms out, Thomas Harr, senior foreign exchange strategist for Standard Chartered Bank, thinks investors will no longer need to use the dollar as a safe haven, writes Dan Well for Moneynews.

Furthermore, the large deficits incurred by the U.S. government could reduce America’s investment grade rating and this would drive investors away from the dollar and devalue the currency even more.

Investors are also anticipating more U.S. government debt sales, which are consequently driving down Treasuries even more, reports Susanne Walker for Bloomberg.

President Barack Obama has been pushing up the country’s tab, totaling an impressive $6.36 trillion. The current administration estimates the deficit for the year will be a record $1.84 trillion, or equal to around 13% of GDP.

Best Performing ETFs for the Past Week

Trend: Direxion Daily Small Cap Bull 3X Shares (TNA) led the one week performance (+18%). Market Vectors Indonesia ETF (IDX) and Direxion Daily 30 Yr Trsy Bear 3X Shares (TMV) were the second and third best performers, respectively.

The 20 ETFs with the best one week performance through 6/5/2009 tracked by Morningstar are highlighted below.

Source: MSN Money Exchange Traded Funds (ETFs) Performance Tracker

Name	Ticker	Category	Holdings	Morningstar	Last Price*	1-Wk	4-Wks	13-Wks	YTD	52-Wks	3-Yrs	5-Yrs
Direxion Daily Small Cap Bull 3X Shares	TNA	Small Company	holdings		$31.92	18.23	14.09	191.82	-6.18	N/A	N/A	N/A
Market Vectors Indonesia ETF	IDX	Diversified Emerging Markets	holdings		$47.87	15.02	26.98	121.62	N/A	N/A	N/A	N/A
Direxion Daily 30 Yr Trsy Bear 3X Shares	TMV	Government Bond - Treasury			$92.62	14.49	26.29	N/A	N/A	N/A	N/A	N/A
Direxion Daily Technology Bull 3X Shares	TYH	Specialty - Technology	holdings		$90.20	12.89	13.39	151.13	65.32	N/A	N/A	N/A
Ultra Russell2000 Growth ProShares	UKK	Small Company	holdings		$23.04	12.45	12.23	117.50	20.33	-61.95	N/A	N/A
Rydex 2x Russell 2000	RRY	Small Company	holdings		$24.66	12.09	10.38	117.85	3.36	-60.69	N/A	N/A
Ultra Russell2000 ProShares	UWM	Small Company	holdings		$20.91	11.82	9.82	117.28	5.20	-63.90	N/A	N/A
Rydex S&P Smallcap 600 Pure Value	RZV	Small Company	holdings		$25.56	11.81	8.58	148.87	34.15	-19.21	-9.96	N/A
Ultra S&P SmallCap600 ProShares	SAA	Small Company	holdings		$22.53	11.48	7.29	115.09	-0.16	-62.22	N/A	N/A
Ultra Russell2000 Value ProShares	UVT	Small Company	holdings		$16.01	11.34	7.23	116.64	-10.83	-65.02	N/A	N/A
Ultra Industrials ProShares	UXI	Specialty - Unaligned	holdings		$22.36	11.08	7.55	124.86	0.77	-69.16	N/A	N/A
Claymore U.S.-1-The Capital Markets Idx	UEM	Balanced	holdings		$38.65	10.43	-0.80	-0.39	-0.43	-22.76	N/A	N/A
Market Vectors Gulf States ETF	MES	Diversified Emerging Markets	holdings		$22.54	10.06	25.92	62.51	17.46	N/A	N/A	N/A
Claymore/MAC Global Solar Energy	TAN	Specialty - Natural Resources	holdings		$10.65	9.79	14.58	120.41	21.44	-62.45	N/A	N/A
iShares FTSE NAREIT Industrl/Offc Cp Idx	FIO	Specialty - Real Estate	holdings		$17.85	9.78	6.00	63.79	-4.77	-54.70	N/A	N/A
B2B Internet HOLDRs	BHH	Specialty - Technology	holdings		$0.34	9.68	-10.53	25.93	47.83	-44.26	-13.58	-9.43
iPath DJ AIG Aluminum TR Sub-Idx ETN	JJU	Specialty - Natural Resources			$23.20	9.43	1.36	14.91	-2.93	N/A	N/A	N/A
PowerShares WilderHill Clean Energy	PBW	Specialty - Natural Resources	holdings		$10.92	9.42	12.46	82.00	26.68	-51.49	-19.15	N/A
Direxion Daily 10 Yr Trsy Bear 3X Shares	TYO	Government Bond - Treasury			$76.71	9.40	16.42	N/A	N/A	N/A	N/A	N/A
Ultra Russell1000 Growth ProShares	UKF	Growth	holdings		$27.38	9.17	9.08	67.39	21.60	-57.56	N/A	N/A

Disclosure: We may own any EFT above at any time.

Please verify the performance of any ETF before investing.

Best Performing ETFs for the Past 12 Months

Trend: PowerShares DB Commodity Dble Short ETN (DEE) led the 12 month performance (+148%). PowerShares DB Commodity Short ETN (DDP) and Short S&P SmallCap600 ProShares (SBB) were the second and third best performers, respectively.

The 20 ETFs with the best 12 month performance through 5/29/2009 tracked by Morningstar are highlighted below.

Source: MSN Money Exchange Traded Funds (ETFs) Performance Tracker

Name	Ticker	Category	Holdings	Morningstar	Last Price*	1-Wk	4-Wks	13-Wks	YTD	52-Wks	3-Yrs	5-Yrs
PowerShares DB Commodity Dble Short ETN	DEE	Specialty - Natural Resources			$57.62	-13.21	-32.20	-37.03	-21.87	147.72	N/A	N/A
PowerShares DB Commodity Short ETN	DDP	Specialty - Natural Resources			$41.19	-6.17	-15.49	-18.85	-8.93	69.16	N/A	N/A
Short S&P SmallCap600 ProShares	SBB	Small Company	holdings		$51.59	-4.53	-2.70	-27.43	-8.35	58.76	N/A	N/A
UltraShort Industrials ProShares	SIJ	Specialty - Unaligned	holdings		$43.13	-7.77	-9.00	-51.83	-20.27	46.78	N/A	N/A
UltraShort Utilities ProShares	SDP	Specialty - Utility	holdings		$41.40	-7.13	-8.63	-19.46	3.64	45.33	N/A	N/A
E-TRACS UBS Short Platinum ETN	PTD	Specialty - Precious Metals			$36.00	0.00	-0.17	-3.64	-10.00	42.12	N/A	N/A
UltraShort Russell1000 Growth ProShares	SFK	Growth	holdings		$57.35	-7.97	-10.89	-41.34	-28.87	27.94	N/A	N/A
Rydex Inverse 2x S&P 500	RSW	Growth	holdings		$89.02	-8.55	-13.28	-44.00	-21.05	26.09	N/A	N/A
UltraShort Russell MidCap Gr ProShares	SDK	Growth	holdings		$45.57	-8.90	-11.27	-49.04	-39.83	24.59	N/A	N/A
UltraShort Dow30 ProShares	DXD	Growth	holdings		$47.90	-6.08	-10.48	-37.86	-10.57	24.34	N/A	N/A
Short S&P500 ProShares	SH	Growth	holdings		$65.82	-3.98	-6.29	-23.42	-8.61	22.22	N/A	N/A
Short Dow30 ProShares	DOG	Growth	holdings		$66.12	-3.43	-5.53	-20.37	-3.54	21.28	N/A	N/A
UltraShort S&P500 ProShares	SDS	Growth	holdings		$55.50	-8.33	-12.85	-43.78	-21.76	20.54	N/A	N/A
Short MSCI EAFE ProShares	EFZ	Foreign Stock	holdings		$73.50	-2.82	-12.25	-30.46	-12.31	19.15	N/A	N/A
Rydex Inverse 2x S&P MidCap 400	RMS	Growth	holdings		$53.53	-7.47	-6.09	-48.47	-32.09	18.89	N/A	N/A
UltraShort Consumer Goods ProShares	SZK	Specialty - Unaligned	holdings		$65.44	-2.79	-12.35	-33.95	-11.57	18.89	N/A	N/A
Short MidCap400 ProShares	MYY	Growth	holdings		$58.22	-4.78	-4.20	-26.44	-14.92	18.53	N/A	N/A
PowerShares DB Agriculture Dble Shrt ETN	AGA	Specialty - Natural Resources			$34.45	-4.85	-23.68	-33.19	-19.11	18.41	N/A	N/A
PowerShares DB Agriculture Short ETN	ADZ	Specialty - Natural Resources			$32.02	0.00	-11.30	-14.64	-6.73	18.20	N/A	N/A
UltraShort Russell MidCap Val ProShares	SJL	Growth	holdings		$54.30	-7.23	-7.43	-51.28	-28.66	16.87	N/A	N/A

Disclosure: We may own any EFT above at any time.

Please verify the performance of any ETF before investing.