financial market intelligence zone

Yesterday's technical look at ProShares Ultra Financials ( UYG ) didn't help much, as it showed a slightly bullish bias going into a day that saw the market sell off again to the tune of -9% for the S&P 500.It's important to distinguish your time frames when trying to profit from this market. If you're looking to pull money from it each day or week, then tight stops are essential, per my Tuesday article on UYG and ratcheting stops higher to lock in gains. The leveraged ETFs are moving so much each day that they're like money machines if you watch them closely and catch just a small part of a trend -- or a big trend like Monday's surge higher for the longs or yesterday's plunge lower for the shorts.Here's how that can look when done right. On Monday, you would have seen UYG bouncing off support at $10 after surging upward from $8 Friday. You wouldn't care about missing the 25% run from $8 to $10 (unless you already owned it on Friday when it was ...