Market Ruminations

As you know I dumped my US Treasuries fund UBT which is a bet the price of Treasuries would go up last week. After casting the chicken bones in the sacred circle and examining the entrails of a pigeon I have decided to bet US Treasuries are going to go down in price. This is based on the theory that without the Fed buying up all the bonds the government is issuing the price would fall and interest rates would go up. Hence, I added 100 shares at 34.66 of TBT to the portfolio. As far as the general market is concerned I am of the opinion this is a temporary rally based on the market being massively oversold after 5 straight weeks of relentless decline. We may go up for a day or two but I am still thinking the market will resume it's downward course shortly. Below is the chart that issued the buy signal for TBT.

Here is my end of week portfolio chart. Pretty ugly chart as I am underwater in all 4 funds. Maybe next week will be better.

Symbol/Name	Price*	Change	Last Trade	Gain/Loss (USD)	Shares	Price Paid	Purchase Date	Gain/Loss (USD)	% Change	% Port	Value (USD)
DUG:US ($) ProShares UltraShort Oil & Gas	27.64	-0.58	07/01	-58.00	100	30.00	05/31/2011	-236.00	-7.87	23.48	2,764.00
DXD:US ($) ProShares UltraShort Dow30	16.67	-0.47	07/01	-47.00	100	18.00	06/01/2011	-133.00	-7.39	14.16	1,667.00
SJB:US ($) ProShares Short High Yield	38.78	-0.24	07/01	-24.00	100	39.50	06/14/2011	-72.00	-1.82	32.94	3,878.00
TBT:US ($) ProShares UltraShort 20+ Year Treasury	34.63	+0.12	07/01	+12.00	100	34.66	07/01/2011	-3.00	-0.09	29.42	3,463.00
Totals				-117.00				-444.00	-3.63		11,772.00