Ultra Basic Materials ETF (UYM) and Component Technical Analysis (FCX, DOW, DD, PX, NEM, APD, AA, NUE, BTU, PPG)

Hi Traders, The ProShares Ultra Basic Materials ETF (UYM) tracks the performance of a basket of stocks in the materials sector. This ETF has taken beating from it’s April high of $39.47, down as much as 37.5% to $24.67 as recently as June 8th.  ProShares Ultra Basic Materials ETF (UYM) Daily Chart This ETF is looking pretty bullish now, having rallied above it’s 10-day and...

Written by Jordi Perez. Go to www.MarketSpaceTrading.com for full article, videos and live charts.