ROM - Nice healthy Uptrend. ProShares Ultra Technology (ROM)ProShares Ultra Technology (ROM)
Double
Healthy UpTrend. Red line since 2008 to 2015.
Sideways consolidation around 2015.
Pink UpTrend line from 2016-present.
ProShares Ultra Technology seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. TechnologySM Index.
This leveraged ProShares ETF seeks a return that is 2x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings consistent with their strategies, as frequently as daily.
