DUG News and Press, ProShares UltraShort Oil & Gas From 12/23/22

UltraShort Oil & Gas ( NYSEARCA: DUG ) - $0.0352 . Payable Dec 30; for shareholders of record Dec 23; ex-div Dec 22. For further details see: UltraShort Oil & Gas declares quarterly distribution of $0.0352

Summary OPEC cut its production quotas. Indicative of lower than reported spare capacity. Bullish for oil over multiple time frames. On October 5, 2022, OPEC+ agreed to a 2MM bbl/d cut to its oil production quotas, despite vocal opposition by the Biden Administration...

Summary Yield and risk continue to disagree with the latter taking the cue to rise from the former. I believe this is unsustainable and will resolve itself in one-of-three ways. In scenario 1 of stagflation, EM shorts would lose as would gold and commodity short-positions. Tankers...

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...

Summary DUG seeks to provide a 2X inverse return to an oil and gas index. DUG has a high expense ratio, graded an "F" by Seeking Alpha. Investors could have a 100% loss in a single day, and lose even if the index is flat. DUG's performance has been nearly a 100% loss since...

The 50bp vs. 75bp hike in September is a big standoff in the treasuries markets. Treasury markets are very much doubting the path of Fed policy in 2023. Markets are discounting cuts next year. If the Fed is serious about bringing inflation down, which I think it is and the Fed has sai...

We are bearish on all American bear market ETFs. Measuring the purchase levels of short ETFs replaces the old, odd lot and total short selling indicators so popular in the 1960s, 70s and 80s. The level of buying of 31 short Proshare ETFs suggests the stock market is rising against...

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...

Oil market may be pricing in a recession. Demand is strong and supply is constrained. The oil bull market may resume soon. "Far more money has been lost by investors trying to anticipate corrections than has been lost in all the corrections combined” – Peter ...

Large oil trading companies and refiners who are buyers of oil are not restocking because the futures curve is signaling prices will be lower in the future (negative carry). There is an inability to hedge this negative carry because longer-dated oil futures prices are lower than near-...