YCS pro shares ultrashort yenHi Trader. Keep watching this space. 65.71 seems to be the place to buy.
Key stats
About ProShares UltraShort Yen New
Expense ratio
0.95%
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Inception date
Nov 25, 2008
YCS offers 2x leveraged inverse exposure to the Japanese yen/US dollar cross, providing big gains when the yen falls against the dollar. The fund is designed to be a short-term product, and rebalances its -2x exposure on a daily basis. As a result, long-term returns in YCL could diverge significantly from expected returns due to compounding effect and path dependency. Also, keep in mind that the fund's NAV is calculated according to the JPY/USD cross as published in the Wall Street Journal a value that may differ from other quoting sources.
Classification
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous200.20%
Cash−100.20%
$YCS achieves measured move target on weekly chart $USDJPYToday's close hit the second and higher measured move that I laid out for YCS. Two months ago I posted this chart:
Direct bulls-eye. The question is what comes next?
One possible scenario: I could see price bounce between 82.50 and 78.50 to digest gains and then try for higher levels after a per
$YCS breaking out . Can 2009 highs be surpassed? $USDJPY Measured moves shown on chart. If 71 holds then 78.50 and 82.50 are next upside targets
possible PT's for $USDJPYIf this pattern plays out then 55 and 50 could be possible PTs. Is this good for $SPY ?
Looking for a YCS bounce?Potential bounce area btw $54-56 for a move back to $60 then $63. $USDJPY $DXJ $SPX $SPY $STUDY
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.