StockFetcher Forums · General Discussion · ETFs - can I eliminate short or leveraged?<< 1 2 >>Post Follow-up
sync
15 posts
msg #82656
Ignore sync
11/8/2009 9:31:00 PM

In a filter with 'show stocks where market is ETF' is there a way to filter out those that are short or leveraged?

trendscanner
265 posts
msg #82688
Ignore trendscanner
11/9/2009 12:14:27 PM

I think the only practical way to do this would be to create a watchlist of etfs that you are interested in, then write your filter and include an "apply to watchlist(X)" statement in it.

sync
15 posts
msg #82693
Ignore sync
11/9/2009 12:51:23 PM

Anyone know of a list of ETFs that shows which ones are short or leveraged so I can create my own watchlist?

Kevin_in_GA
4,537 posts
msg #82694
Ignore Kevin_in_GA
11/9/2009 1:02:25 PM

Why filter out those that are short or leveraged? They are useful trading vehicles. Lots of people here only trade these, when the signals indicate a high likelihood of a move in one direction or the other.

I would suggest learning which ones they are (google leveraged ETFs for a complete list), but do not eliminate them from your scans. If you do not want to invest in them, fine, but no reason to ignore their performance against other investments you might make.

Kevin

sync
15 posts
msg #82699
Ignore sync
11/9/2009 1:51:37 PM

I consider them only suitable for day trading because of the way they distort prices. I'm not day trading.

BarTune1
403 posts
msg #82726
Ignore BarTune1
modified
11/9/2009 9:42:21 PM

Well, I have a BASIC list of ETFs by "show etf" and have limited to average volume(90) > 500000 ..... that gives me an approximate universe of 140 ETFs on my daily scans .... I also have the RSI(2) shown, 5dma and %B

show etf
and average volume(90) above 500000
set{%B,Bollinger %B}
and add column RSI(2)
and add column MA(5)
and add column %B
and add column MA(200)
and sort column 5 ascending

So if you were going to come up with a list manually, you can sort the RSI(2) and lots of the inverse ETFs are currently at the bottom (i.e., low RSI 2 readings now) and can be manually removed or copied to another watchlist ..... should be easy to click the box and remove the rest of the double, ultra or direxion etfs after that .....

sync
15 posts
msg #82763
Ignore sync
11/10/2009 2:39:50 PM

Thanks.

If ETFs are so highly correlated it makes me wonder if there is any point in following more than just a few of them.

BarTune1
403 posts
msg #82793
Ignore BarTune1
11/10/2009 6:23:52 PM

They probably appear highly correlated right now because the market is particularly overbought and many ETFs therefore have a high RSI whereas the inverse ETFs will have a low RSI.

You wont see much as much of a correlation once they are segregated by country, market, sector, industry or commodity.

You might want to stick to the higher volume ETFs and then limit your watchlist to a specific number of each sector.



fortyfour
185 posts
msg #82797
Ignore fortyfour
11/10/2009 7:47:24 PM

"If ETFs are so highly correlated it makes me wonder if there is any point in following more than just a few of them."

IMHO I think youre dead on there.... Toss several hundred ETF's, and , thousands of stocks for that matter,out the window and follow TNA and BGU and their opposites.

Maybe add The long and short sector etf's for :

Oil
Financials
Commercial real estate
Nat gas
Currencies
Ags
Gold/Silver
Steel/ Metal Mining
Volatility
Biotech? anyone.....?

This search should take an hour with help of others here and then stop.

Spend the rest of your life trading.

Many , many years ago, with super high commissions and all....... Old traders used to say
"If I could only buy the averages". Or so I read in a book or two...... or, I'm making it up !


Kevin_in_GA
4,537 posts
msg #82800
Ignore Kevin_in_GA
11/10/2009 8:51:43 PM

I would probably look at the sector ETFs, along with selected commodity ETFs (all long, unleveraged as you had requested):

Symbol Company
GLD streetTRACKS Gold Shares ETF
OIL iPath S&P GSCI Crude Oil Tot Ret Idx ETN
SLV ISHARES SILVER TRUST
UNG United States Natural Gas Fund LP
XLB Select Sector SPDR-Materials
XLE Select Sector SPDR-Energy
XLF Select Sector SPDR-Financial
XLI Select Sector SPDR-Industrial
XLK Select Sector SPDR-Technology
XLP Select Sector SPDR-Consumer Staples
XLU Select Sector SPDR-Utilities
XLV Select Sector SPDR-Health Care
XLY Select Sector SPDR-Consumer Discretionary


Here is a list of exactly the type of ETFs that you want to avoid:

SLV (SILVER - Underlying Index)
AGQ ProShares Ultra Silver
ZSL ProShares UltraShort Silver

^RUI Russell 1000 Index
BGU Direxion Shrs ETF Trst Lrg Cap Bull 3x Shs
BGZ Direxion Shrs ETF Trst Lrg Cap Bear 3x Shs

GLD (GOLD - Underlying Index)
GLL ProShares UltraShort Gold
UGL ProShares Ultra Gold

^MID S&P Midcap 400 Index
MWJ Mid Cap Bull 3x Shares
MWN Mid Cap Bear 3x Shares

^IXIC Nasdaq Index
QID Proshares QQQ
QLD Ultra QQQ Proshares
TYH Technology Bull 3x Shares
TYP Technology Bear 3x Shares

^SPX S&P 500 Index
UPRO ProShares 3x UltraPro S&P 500
SPXU ProShares 3x UltraPro Short S&P 500

^RUT Russell 2000 Index
UWM Ultra Russell2000 ProShares
TWM UltraShort Russell2000 ProShares
TNA Direxion Shrs ETF Trst Small Cap Bull 3x Shs
TZA Direxion Shrs ETF Trst Small Cap Bear 3x Shs

StockFetcher Forums · General Discussion · ETFs - can I eliminate short or leveraged?<< 1 2 >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus