Contrarian Alert: A New Smartphone ETF!

Contrarian Alert! There is a new ETF that concentrates in the smartphone companies.

The smartphone business is hot. Everyone seems to have an iPhone or Droid phone these days.

But I remember the hype in early 2000 about the B2B companies and the mutual funds that came out investing in that sector. How'd that work out? Well, pretty good, initially. But then, the bottom fell out in the bear market.

So, what does it mean this time?

Who knows... But it is interesting to watch this happen after we've had the 2-year bull market.

TGIF Triple the Fun Reminder

$BGU is the 3x large cap bull ETF. It had quite a day.

Today's market swooned early, with the jobs news or whatever, and then made a remarkable turnaround, during Melissa Lee's Powerlunch or whatever, to finish 3.65% higher for the day.

The SP500's range today was 818 to 879, and closed at 876. From the low to close, the SP500 rallied just over 7%.

Child's play. Investing for babies. Why even bother? Might as well just bury your money in a tin can in the backyard.

What about $BGU? BGU closed 10.17% higher for the day. But that's not the whole story. That leaves out all the fun. $BGU's trading range was from $27.40 at the lows to $33.80 at the highs, and closed at $33.38. From the low to closing price, $BGU rallied 21.8%.

I hope you were on the right side of that one and got in $BGU at $27.40. Nice play!

Triple the Fun with Triple Leveraged ETFs!

Boy, these triple leveraged ETFs sure look like a whole bunch of fun, eh?

Although they've been trading for less than a month, the 3x ETFs have already become very popular trading vehicles. And with a market that is averaging a daily change of nearly 4%, these ETFs have already taken traders for a wild ride.

Indeed!