Momentum ETFs (13 Jul 11)

TO ALL:

Here are the “potential trades” for next week:

Momentum ETFs (52-Week Low Breakout)

The 52-Week Low Breakout strategy attempts to buy a stock when the current day’s closing price is trading within 10% of the 52-week low.  This strategy seeks to profit from a price rise when the stock price recovers from an oversold condition—also known as a “bounce”.  Breakout  strategies can generate a large number of trades that involve false breakouts in order to catch a truly large price move.

                       

ProShares UltraShort QQQQ (QID) $49.44

ProShares UltraShort Russell 2000 (TWM) $41.30

All positions displayed are for educational purposes only and are not intended to be recommendations.