ProShares UltraShort FTSE China 50 (FXP) Options

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This might be a really good play,
Looking at some calls ..

~ $FXP ~ Mixed scan results (Daily and Weekly) for for the week of Feb 13th 2012 - Daily and Weekly views.

Chart results for you to ponder with me.. These are technical scans only, Click next or previous at the top of the page to see my others. Twitter: @MACDgyver ---> FXP <---
Keyword: MACDscan ----> http://tinyurl.com/MACDscan

Crash took longer then expected. 50.00 should come this week?

While I think China is in for more downturns as with most of these funds even if you bet the right way, you get taken out. Most of these all go to zero and this is proving to be no different. Can only play this for a 1-5 day run.

Ask that question in about 2-4 weeks when the market crashes....This range is the bottom!
Would love to grab some 25,'s though!

Just remember these ultra funds all (bull and bear) tend to go to zero.

Alright gentlement lets place some bets.... Looking to BUY BIG this time but will be watching for a dip below 30.00 If not ALL IN!


Can anyone understand why the market has been on such a tear.

China Sees Strength in Exports, But What About Imports?

http://seekingalpha.com/article/219841-china-sees-strength-in-exports-but-what-about-imports?source=yahoo

Golden opportunity, wish i had a spare 50G's i would be all over these 36.'s ers!

I think if the US markets keep sliding off the uncertainty remarks from Bernanke and FXP breaks 41.00 good chance its going to run to 50's at least.

I have this on close watch over the next few weeks!!!




Stocks drop as Bernanke warns of uncertain economy
Stocks fall sharply after Fed Chairman Bernanke warns of 'unusually uncertain' economy

Bought some FXP & EDZ this morning.

Don't know how high funds like FXP, EDZ & EEV can go, but if the overseas markets really panic in the coming weeks you may get some huge gains in them....

Finally breaking out, hopefully will move up to Feb highs....

This stock got a good plug today from Bloomberg TV.

Bought more FXP, now my largest $$ holding................

Nice move your going to be a rich man!

Added yesterday and this morning, I am also looking FXP to break recent highs............

Hoping to see a run past $12 in the next 2-3 weeks.

Importing is getting harder and harder to do. Shocked this is at $9 when the economy is in the dumps. This should have plenty of legs to move up.

in analyzing this long trade (technically) I am seeing additional support building to bolster our long position starting tomorrow. Does any one see anything getting more negative for us?

Up'ed my FXP shares to 9200 yesterday expecting a nice pop today which we got.... :)
Additional Drag:
SPX is leading the other markets lower after breaking support.
Others that have now broken support are:
COMP
and $DWCF just starting to break support

I won't call anything in the US a downward trend yet.

I am thinking that The china bubble (FXP) is bigger so I have my money on FXP right now and FXP has been in a downward trend since 11/16/2009.

Time will tell :)

Added some FXP & EDZ to my hedged positions.......

China, Mining ETFs Lead Market South

Companies:Ishares Msci Emerging Markets IndexIshares Ftse/Xinhua China 25 IndexUltrashort Ftse/Xinhua China25 Proshares Related Quotes
Symbol Price Change
EEM 41.61 -0.16

FXI 40.53 -0.61

FXP 8.96 +0.23

GDX 45.47 -0.26

GLD 108.60 -0.34


{"s" : "eem,fxi,fxp,gdx,gld,uup","k" : "c10,l10,p20,t10","o" : "","j" : ""} Trang Ho , On Wednesday January 20, 2010, 6:14 pm EST
China and mining stocks led world markets lower Wednesday on news that the world's largest country is tightening lending standards, which could slow economic recovery.

The most widely traded China ETF, iShares FTSE/Xinhua China 25 Index (NYSEArca:FXI - News), gapped down 3.5% to 41.27 in strong volume. The grouping of the 25 largest stocks listed in Hong Kong undercut prior support at 41.04 but closed near the top of its intraday range.

The ETF has formed a bearish chart pattern with two lower lows and two lower highs since hitting a 16-month high of 46.66 in mid-November.

Since its mid-November 52-week high, FXI has fallen 12% and has drastically underperformed its benchmark, as tracked by iShares MSCI Emerging Markets Index (NYSEArca:EEM - News).

FXI's Relative Strength Rating has eroded from 75 to 50 over the past two months and its Accumulation/Distribution has dropped to E -- the lowest possible. By contrast, EEM has 70 RS and D Acc/Dis Ratings.

FXI is overvalued and vulnerable to further corrosion because of its heaving weighting -- 46% -- in financials, which are suffering from the clampdown on lending, according to Carl Delfeld, founder of ChartwellETF.com, who specialized in foreign ETFs.

China real estate prices soared nearly 8% in December from a year earlier. China's government is trying to prevent a bubble by making it harder to borrow money. Housing costs in major Chinese cities have exploded to 15 to 20 times average household income. In Japan's economic bubble, housing peaked at 12 to 15 times average household income.

In addition, stock prices have gotten ahead of fundamentals. China's market trades at 50 times its average 10-year earnings, whereas the U.S. market has a price-earnings ratio of 15, Delfeld noted.

Delfeld is recommending his clients buy ProShares UltraShort FTSE/Xinhua China25 (NYSEArca:FXP - News), which goes up twice as much on a daily basis when FXI goes down. He advises setting a 5%-8% stop-loss on the trade to control risk.

Gold Miners Down Nearly 5%

China's action and a rising dollar pummeled miners and commodities on fears that slower growth will dampen the country's robust appetite for materials.

"If China is curtailing lending, then it is reasonable to expect that buying of commodities by the Chinese will stop, and further it is reasonable to expect that some liquidation on the part of inventory holders shall begin to assert itself," Dennis Gartman, an independent market analyst and publisher of the Gartman Letter, wrote in a note to clients.

Market Vectors Gold Miners (NYSEArca:GDX - News), the most heavily traded materials ETF, plunged 4% to 45.76 in robust volume. The ETF has dropped sharply below its 50-day moving average, but may have found support near its prior low at 44.80.

SPDR Gold Trust (NYSEArca:GLD - News) gapped down 2.3% to 108.95, falling below its 50-day moving average. It's tumbled 8.9% from its all-time peak of 119.54 reached Dec. 3. Its RS Rating eroded from 56 to 45 since then.

PowerShares DB US Dollar Index Bullish (NYSEArca:UUP - News), which tracks the dollar against a basket of the most widely traded currencies, gapped up 1.2% to 23.12 in heavy turnover.

It faces prior short-term resistance at 23.20. It's crossed above its 50-day moving average after hitting a 16-month low in November. But it's still trading below the longer-term 200-day moving average.

I sold all my China Small Cap stocks today and now long FXP 5700 shares Today.
The way I see it FXP bottomed out two months ago (11/16/2009).
Will stay with a short china position as long as FXP holds the trend.

Nice to be on board.

Chinese markets are taking a beating this evening. Is reality finally setting in?

I thought this was a 200% inverse - you wrote "3x." GLTY.

Can't believe how cheap this has got with how crappy the Chinese economy is... guess it goes to show that all 3x funds move to zero in the long term.

http://www.lecho.be/actualite/economie-finances/-Une_reprise_en_trompe-l-oeil_en_Chine-.8218017-602.art

Hit it...very possible...maintain it...another story :(

WASHINGTON (AP) -- Some of the nation's largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds. The Treasury Department will officially release results later Thursday.

http://finance.yahoo.com/news/Bank-stress-tests-show-some-apf-15160794.html?sec=topStories&pos=main&asset=&ccode=

ANyone think we will hit $18.00 tommorow?

OPened up nicely today!

Surprised its this low with where the economy is. If the economy rebounds could be no good. In all fairness this is a forward looking fund. Having said that I still think it should be priced around $50...however, these types of funds tend to gravitate towards zero. Just like the triple etfs.

Jumped in today - Anyone got any predictions for the week?
Weekly chart looking like bottom was in a couple days ago
shaping up

ET, looks like 50.39 will be the top for this swing as FXP is getting overbought. Perhaps 75-80 can be achieved after another major leg down in the China market.

Should run to $75-80. IMO

Another order in at $34...going to ride this back up.

China export slump brings down giants
---Its articles like this that makes me think FXP is a killer investment right now---
Updated Tuesday, December 30, 2008 10:20 am TWN, By Fang Yan, Reuters

SHANGHAI -- Never mind the banks. Eastern China's Shaoxing county has launched a massive polyester bailout. The locality of 710,000 in prosperous Zhejiang province arranged 1.5 billion yuan (US$220 million) in aid to let Zhejiang Hualian Sunshine Petro-Chemical Co, a major producer of purified terephthalic acid (PTA), used to make polyester, restart output after financial difficulties had shut it down.

The virtually unprecedented offer of government money to a non-state firm highlights how far the global economic downturn has spread, from small exporters that bore most of the initial brunt to bigger companies in more basic industries.

“We had to bail out Hualian Sunshine even though it was privately held,” a Shaoxing municipal government official, who declined to be named due to briefing rules, told Reuters.

“Hualian Sunshine is the biggest supplier to our textile industry, which gives us half of our fiscal revenue. The stakes were just too high for us to sit there and let it die.”

Signs of problems with China's export-driven economy started in the coastal south, where hundreds of small-scale toy makers and garment firms were forced out of business as the global financial crisis battered their main markets in Europe and the United States.

Many had initially blamed currency appreciation. But anemic annual growth of 5.4 percent in China's industrial output in November, the worst reading in nearly 10 years, showed the problem has gone far beyond the yuan's rise, which anyway came to a virtual halt in mid-July.

A number of upstream suppliers in eastern China's industrial heartland, such as Sinopec Yizheng Chemical Fiber Co and Nanjing Chemical Fiber Co, slipped into losses in the third quarter as their order books dried up.

One hard-hit industry has been chemicals, including makers of polyester, a synthetic resin widely used in clothing and a variety of plastic goods.

“Due to the severe situation facing the downstream business and slowing demand, the domestic polyester industry is in an extremely difficult operating environment,” Sinopec Yizheng said in its quarterly financial report.

That reflects a severe slowdown in exports of clothing and accessories, which grew just 3.1 percent year-on-year in the first 11 months of this year compared with a 22.2 percent rise in the same period of 2007, official data showed.

Industry analysts expect the situation to get worse next year along with the faltering global economy, forcing some smaller suppliers out of business.

“It's a domino effect. If the garment exporters continue to fall one after another, how can you expect their upstream suppliers to stay in the business?” said Gao Guo, an analyst with Huatai Securities.

“Industry-wide consolidation is inevitable next year as there is no sign of an end to the global financial crisis.”

A China Union spokeswoman said Hualian Sunshine halted production in early October but was able to restart about a month later after the bailout, which included funds from the county and another local company.

In recent months, Beijing has unveiled a series of measures, including export tax rebates for exporters of textiles and other goods, as well as a 4 trillion yuan fiscal stimulus package and repeated interest rate cuts.

The central government is determined to maintain at least 8 percent economic growth in 2009, a level it said it must achieve but which foreign economists have said could prove elusive.

http://www.chinapost.com.tw/commentary/reuters/2008/12/30/189819/China-export.htm

i am in the shipping business.of computer recycling parts overseas.ITS DEAD .has been since oct.its selling now for 20cents on the dollar.trust me i know

Might be a shot in the Casinos...but buying any where down here and you know it will eventually come back up. I don't think the Chinese economy is that strong...especially when they are so dependent on a weakening US economy. You want to find out how week it is...talk to someone who is in the shipping business...see how little they are importing right now.

Hard to call a bottom here...but, this is pretty low right now.

yah thats like a shot at the casinos also

This is not a stock, this is a good hedge in a down market. If you looked at the NYSE, there are only two stocks making 52 week lows(FXP & EEV), but the next time the overseas markets fall apart FXP could be up 100% in a few days. On the other hand in a "bull move" FXP is like "Chinese water torture". I would guess that FXP will be a purchase in the next few weeks.

surf

LOL that's a good way to put it. You could grab some down here and sit on it long...just like gambling on a long shot. This stock 3 months ago was up in the 150.00 180.00 range. Wish we all had a crystal ball. Good Luck !

this stock sure went belly up.i bought in at the 60,s and had to sell.its like a bad case of hemeroids.the burn is still there

its on the rise again.where do you thing its gonna go this time.any guesses

Mid $30's could be the mother of all entry points for FXP.

From my post at the SKF...(Ultrashort Financials) - which had a KILLER DAY.

Kill the autos...they don't know how to run a business. Yes, I feel sorry for all the people who will lose jobs, but they've been overpaid for so long.

Remember this:
The German automaker then known as Daimler-Benz paid $37 billion for the U.S. automaker in 1998, but it soon found itself weighed down by uncompetitive labor costs and lost sales to nimbler Japanese rivals.

DaimlerChrysler (Charts) announced it will sell an 80 percent stake in its U.S. brand to Cerberus Capital Management, a private equity investment firm that will pay $7.4 billion.

So, Daimler lost $30 BILLION...more than what the autos are asking for. Let them fail...just like the airlines, there will be another Southwest who will come in and do business better (and for less).

Cashed out of SKF at the close (tripped my sell order)...made 100%!!! I'm going to buy FXP (UltraShort China) - which is low priced and can have a heck of a run from here.

http://pub18.bravenet.com/forum/1532764112

Expect FXP to hit $120 very soon.

Of course it is trading back to where it was...but, the Chinese market is in pain mode. Looking for it to trade consistently around $100-$120 soon enough...it can make that kind of run in a 3 day period...and thats still a +50% gain!

FXP - im concerned that FXP doesnt seem to trade as well as other reverse etf's, i know hang sang had huge pop off lows but this is trading whereit did months ago - anyone hearing anything ??