Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Upside Ahead for SRS


The ProShares UltraShort Real Estate ETF (NYSE: SRS) three-month pattern shows the price structure climbing into a key resistance plateau between 22.50 and 23.40, which if hurdled should trigger upside continuation towards 25.00 initially, and then to 29.00 possibly thereafter.  My sense is that a powerful upmove in the SRS will reflect a renewed perception of deflation that is driven by the commercial real estate sector this time around.  In any case, as long as 21.15 contains any significant pullback, I want to attempt to build a long position.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!