Daily “Ways-to-Play” The News Before the Moves 2/9/2010

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Traders Making Biggest Bet of AllTime Against Euro

According to the FT, traders have accumlulated the largest short position against the currency in its existenence, with positions totaling near $8 billion.

sell Rydex Euro Currency Trust (FXE)

buy ProShares UltraShort Euro (EUO);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Euro Falling, US Recovery Under Threat

Intensified fears over government debt in the eurozone are pushing the euro weaker against the dollar. The G7 achieved nothing over the weekend, the IMF is stuck on the sidelines, and the Europeans are sitting on their hands at least until a summit on Thursday. There is a lot of trading time between now and then – and most of it is likely to be spent weakening the euro further.

buy PowerShares DB US Dollar Index Bullish Fund (UUP)

sell SPDR-Financial (XLF)

sell S&P 500 SPDR (SPY)

selliShares S&P Global Financials (IXG)

sell iShares DJ US Financial Sector (IYF)

sell Rydex Euro Currency Trust (FXE)

buy ProShares UltraShort Euro (EUO);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Brian Nick: Time To Short Gold

Brian Nick, investment strategist, Barclays Wealth (Nick): Now is a good time to short gold, but probably a better time to short gold would have been back in November, when it was $200/oz higher

sell iShares COMEX Gold Trust (IAU)

sell streetTRACKS Gold Trust (GLD)

buy ProShares UltraShort Gold (GLL)

buy PowerShares DB Gold Short Exchange Traded Note (DGZ)

buy PowerShares DB Gold Double Short Exchange Traded Note (DZZ);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Tumbling Oil Prices May Herald a Bigger Dive to Come

Back when the world economy was booming prior to the credit crisis, speculation about how high the price of oil could go was all the rage on Wall Street. As demand surged, investment bank Goldman Sachs famously predicted $200-a-barrel prices, while more provocative commentators saw the price tag reaching $1,000 a barrel.

sell PowerShares DB Oil Fund (DBO)

sell United States Oil Fund LP (USO)

sell iPath S&P GSCI Crude Oil Total Return Index ETN (OIL)

sell United States 12 Month Oil Fund, LP (USL)

buy ProShares UltraShort DJ-AIG Crude Oil (SCO)

buy PowerShares DB Crude Oil Double Short ETN (DTO)

buy PowerShares DB Crude Oil Short ETN (SZO)

buy United States Short Oil Fund, LP (DNO);

Check out how others are using ETFs to capitalize on this news or add your own opinion

Sugar Shortage May Turn ‘Acute’ in Third Quarter

Feb. 9 (Bloomberg) — A global sugar shortage, which drove prices to the highest level in three decades, may peak in the third quarter this year on demand from the U.S., Mexico, India and Pakistan, according to U.K.-based Tropix Capital Management.

buy iPath Dow Jones AIG Sugar Total Return Sub Index (SGG);

Check out how others are using ETFs to capitalize on this news or add your own opinion

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