Quacera Early Warning Report July 20th showing recent strength topping- the latest point below the upward sloping trend lline

1. Quacera L.L.C.
New Perspectives for Investment Decisions
July 22, 2012
Quacera Daily ETF Momentum Summary
5 week momentum momentum trend-line
Market Indexes Momentum Summary
DJIA SP500 NASDAQ
2.00 3.00 2.00
1.00 2.00 1.00
1.00 0.00
0.00 -1.00
0.00
-1.00 -2.00
-1.00
-2.00 -3.00
-2.00 -4.00
-3.00 -3.00 -5.00
-4.00 -4.00 -6.00
-5.00 -5.00 -7.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 22-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 22-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 22-Jul
Bond ETFs
S&P 500 Composite Dow Jones Ave.
NASDAQ Comp.
3.00 2.00 2.00
2.00 1.00 1.00
1.00 0.00
0.00
-1.00
0.00
-1.00 -2.00
-1.00
-2.00 -3.00
-2.00 -4.00
-3.00 -3.00
-5.00
-4.00 -4.00 -6.00
-5.00 -5.00 -7.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
iShr Intermediate Credit Bond
iShr Invest. Grd Corp (LQD) iShr 1-3 Yr Credit Bonds (CSJ)
(CIU)
2.50 0.10 1.00
0.05 0.80
2.00
0.00
0.60
1.50 -0.05
-0.10 0.40
1.00
-0.15 0.20
0.50 -0.20
0.00
-0.25
0.00 -0.20
-0.30
-0.50 -0.35 -0.40
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
Vanguard Sht Term Corp (VCSH) Lehman High Yield Bond (JNK) PS Emerging Mkt Sovereign Debt
In Dollars (PCY)
0.60 3.00 4.00
0.50 2.00
0.40 3.00
0.30 1.00
0.20 2.00
0.10 0.00
1.00
0.00 -1.00
-0.10 0.00
-0.20 -2.00
-0.30 -3.00 -1.00
-0.40
-0.50 -4.00 -2.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
iShr 20+ Yr Tsy Bond(TLT) PS Short 20+ Tsy Bond-(TBF) PS Ultra Short 20+ yr Tsy(TBT)
8.00 0.00 0.00
7.00 -1.00 -2.00
6.00 -2.00 -4.00
5.00 -3.00 -6.00
4.00 -4.00 -8.00
3.00 -5.00 -10.00
2.00 -6.00 -12.00
1.00 -7.00 -14.00
0.00 -8.00 -16.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
.
Questions or comments? E-mail us at glenn@quacera.com or Call (916) 503-1539

2. Page No.2
Quacera L.L.C.
New Perspectives for Investment Decisions
July 22, 2012
Bond ETFs
iShr 1-3 Yr Treasury Bond-(SHY) iShr 7-10 Yr Tsy Bond-(IEF) PS Ultra Short 7-10 yr Tsy-(PST)
0.06 3.00 0.00
0.05 2.50 -1.00
0.04
2.00 -2.00
0.03
0.02 1.50 -3.00
0.01 1.00 -4.00
0.00
0.50 -5.00
-0.01
-0.02 0.00 -6.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
iShr 3-7 Yr Treasury Bond -(IEI) SPDR Lehman Int'l Tsy Bond-
iShr TIPS Bond Fund-(TIP)
(BWX)_
0.80 1.20 0.50
0.70 1.00 0.00
0.60
0.80
0.50 -0.50
0.40 0.60
0.30 -1.00
0.40
0.20
0.20 -1.50
0.10
0.00 0.00 -2.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
2

3. Page No.3
Quacera L.L.C.
New Perspectives for Investment Decisions
July 22, 2012
Commodity ETFs
DB Commodity Trackin Index (DBC) . PwrShr Multi-Sector Commodity DB Agriculture Double Long (DAG)
Agriculture (DBA)
4.00 10.00 40.00
2.00 8.00
30.00
0.00 6.00
4.00 20.00
-2.00
2.00
-4.00 10.00
0.00
-6.00 -2.00 0.00
-8.00 -4.00
-10.00
-10.00 -6.00
-12.00 -8.00 -20.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
iPath Grains Total Return (JJG)
iPath Livestock (COW) iPath Sugar Subindex (SSG)
30.00 1.20 15.00
25.00 1.00
10.00
20.00 0.80
0.60 5.00
15.00
0.40
10.00 0.00
0.20
5.00 0.00 -5.00
0.00 -0.20
-10.00
-5.00 -0.40
-10.00 -0.60 -15.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
iPath Cotton Subindex (BAL) iPath Coffee Subindex (JO) iPath Coca Subindex (NIB )
0.00 10.00 4.00
-2.00 3.00
5.00 2.00
-4.00
-6.00 0.00 1.00
-8.00 0.00
-5.00 -1.00
-10.00
-2.00
-12.00 -10.00 -3.00
-14.00 -4.00
-15.00
-16.00 -5.00
-18.00 -20.00 -6.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
ELEMENTS linked to MLCX Biofuels Index PwrShr Multi-Sector Commodity Metals iPath Copper Subindex (JJC)
)
(DBB)
(FUE
20.00 0.00 0.00
15.00 -1.00 -2.00
10.00 -2.00
-4.00
-3.00
5.00
-4.00 -6.00
0.00
-5.00
-8.00
-5.00 -6.00
-10.00 -7.00 -10.00
-15.00 -8.00 -12.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
iPath Nickel Subindex (JJN) iPath Aluminum Subindex (JJU) ) ProShr Ultra Short Silver (ZSL)
0.00 0.00 18.00
-1.00 -1.00 16.00
-2.00 -2.00
14.00
-3.00 -3.00
12.00
-4.00
-4.00 10.00
-5.00
-5.00 8.00
-6.00
-6.00 -7.00 6.00
-7.00 -8.00 4.00
-8.00 -9.00 2.00
-9.00 -10.00 0.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
3

4. Page No.4
Quacera L.L.C.
New Perspectives for Investment Decisions
July 22, 2012
Commodity ETFs (continued)
iShr Silver Trust (SLV) ProShr Ultra Long Silver (AGQ) PwrShr DB Commodity Trust Gold (DGL)
0.00 0.00
0.00
-0.50
-1.00
-5.00 -1.00
-2.00
-3.00 -1.50
-10.00 -2.00
-4.00
-5.00 -2.50
-15.00
-6.00 -3.00
-7.00 -3.50
-20.00
-8.00 -4.00
-9.00 s
-25.00 -4.50
-10.00 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
ProShr Ultra Short Silver (ZSL) SPDR Gold Trust (GLD)
DB Gold Double Short ETN (DZZ)
18.00 0.00 8.00
16.00 -0.50
7.00
14.00 -1.00
6.00
12.00 -1.50
10.00 -2.00 5.00
8.00 -2.50 4.00
6.00 -3.00 3.00
4.00 -3.50 2.00
2.00 -4.00 1.00
0.00 -4.50 0.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
DB Gold Short ETN (DGZ) DB Gold Double Long ETN (DGP) iPath Global Carbon (GRN)
4.00 0.00 15.00
3.50 -1.00
-2.00 10.00
3.00
-3.00 5.00
2.50
-4.00
2.00 0.00
-5.00
1.50 -6.00 -5.00
1.00 -7.00
0.50 -8.00 -10.00
0.00 -9.00 -15.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
ProShr Ultra Short Gold (GLL) ETFS Physical Platinum Shares (PPLT) ProShr Ulta Long Crude Oil (UCO)
7.00 0.00 0.00
6.00 -1.00 -5.00
5.00 -2.00
-10.00
4.00 -3.00
3.00 -4.00 -15.00
2.00 -5.00 -20.00
1.00 -6.00
-25.00
0.00 -7.00
-1.00 -8.00 -30.00
-2.00 -9.00 -35.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
U.S. Natural Gas Fund (UNG) U.S. Oil Fund (USO)
PwrShr DB Crude Oil Double Short ETN
(DTO)
14.00 0.00 35.00
12.00 -2.00
-4.00 30.00
10.00
8.00 -6.00 25.00
6.00 -8.00 20.00
4.00 -10.00
15.00
2.00 -12.00
0.00 -14.00 10.00
-2.00 -16.00 5.00
-4.00 -18.00 0.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
4

5. Page No.5
Quacera L.L.C.
New Perspectives for Investment Decisions
July 22, 2012
Commodity ETFs (continued)
U.S. Short Oil Fund (DNO) ProShr Ultra Short Crude Oil (SCO) U.S. Heating Oil Fund (UHN)
20.00 45.00 0.00
18.00 40.00
16.00 -2.00
35.00
14.00 -4.00
30.00
12.00 -6.00
25.00
10.00 -8.00
20.00
8.00
6.00 15.00 -10.00
4.00 10.00 -12.00
2.00 5.00 -14.00
0.00 0.00 -16.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
PwrShr Commodity Trust Energy (DBE) U.S. Gasoline Fund (UGA)
Mkt Vectors Junior Gold Miners (GDXJ)
0.00 2.00
0.00
-2.00 0.00
-2.00
-4.00 -2.00
-4.00
-4.00
-6.00 -6.00
-6.00
-8.00 -8.00
-8.00
-10.00 -10.00
-10.00
-12.00 -12.00
-12.00
-14.00 -14.00
-14.00
-16.00 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul -16.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
U.S. Heating Oil Fund (UHN) Mkt Vectors Gold Miners (GDX) Mkt Vectors Steel (SLX)
0.00 2.00 0.00
-2.00 1.00 -2.00
0.00 -4.00
-4.00
-1.00 -6.00
-6.00 -2.00
-8.00
-8.00 -3.00
-10.00
-10.00 -4.00
-5.00 -12.00
-12.00 -14.00
-6.00
-14.00 -7.00 -16.00
-16.00 -8.00 -18.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
SPDR Metals and Mining Index (XME) Mkt Vectors Agribusiness (MOO) Guggenheim Timber (CUT)
0.00 4.00 2.00
-2.00 2.00 0.00
-4.00 0.00 -2.00
-6.00 -4.00
-2.00
-8.00 -6.00
-4.00
-10.00
-6.00 -8.00
-12.00
-8.00 -10.00
-14.00
-16.00 -10.00 -12.00
-18.00 -12.00 -14.00
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul 7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
7-Jun 14-Jun 21-Jun 28-Jun 6-Jul 13-Jul 20-Jul
5

6. Page No.6
Quacera L.L.C.
New Perspectives for Investment Decisions
July 22, 2012
Currency ETFs
U.S. Dollar Bullish Fund (UUP) U.S. Dollar Bearish Fund (UDN) Euro Trust (FXE)
3.00 0.00
0.00
2.50 -0.50 -0.50
-1.00
2.00 -1.00 -1.50
1.50 -1.50 -2.00
-2.50
1.00 -2.00 -3.00
0.50 -2.50 -3.50
-4.00
0.00 -3.00 -4.50
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
Ultra Short Euro (EUO) Japanese Yen (FXY) Ultra Short Japanese Yen (YCS)
9.00 0.00
8.00 -0.50
2.00
7.00 1.80 -1.00
6.00 1.60 -1.50
1.40 -2.00
5.00 1.20
4.00 -2.50
1.00
3.00 0.80 -3.00
2.00 0.60 -3.50
0.40 -4.00
1.00 0.20
0.00 0.00 -4.50
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
Chinese Yuan Fund (CB) Australian Dollar (FXA) Canadian Dollar (FXC)
0.00 3.00 0.50
-0.10 2.00 0.00
1.00 -0.50
-0.20 0.00 -1.00
-0.30 -1.00
-1.50
-0.40 -2.00
-3.00 -2.00
-0.50 -2.50
-4.00
-0.60 -5.00 -3.00
-0.70 -6.00 -3.50
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
Brazilian Real Fund (BZF) British Pound Sterling Trust
Swiss Franc Trust (FXF)
0.00 0.00 0.00 (FXB)
-1.00 -0.50 -0.50
-2.00 -1.00
-3.00 -1.50 -1.00
-4.00 -2.00 -1.50
-5.00 -2.50 -2.00
-6.00 -3.00
-7.00 -3.50 -2.50
s
-8.00 -4.00 -3.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
Indian Rupee (ICN) Swedish Krona Trust (FXS)
0.00 2.00
-1.00 1.00
0.00
-2.00
-1.00
-3.00 -2.00
-4.00 -3.00
-4.00 s
-5.00
-5.00
-6.00 -6.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
6

7. Page No.7
Quacera L.L.C.
New Perspectives for Investment Decisions
July 22, 2012
Dow Components
Alcoa (AA) American Express (AXP)
3M Co (MMM)
4.00 0.00 3.00
3.00 -2.00 2.00
2.00 1.00
-4.00
1.00 0.00
-6.00
0.00 -1.00
-1.00 -8.00
-2.00
-2.00 -10.00 -3.00
-3.00 -12.00 -4.00
-4.00 -14.00 -5.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
AT&T (T) Bank of America (BAC) Boeing (BA)
8.00 4.00 4.00
7.00 2.00
2.00
6.00 0.00
5.00 -2.00 0.00
-4.00
4.00 -2.00
-6.00
3.00 -8.00 -4.00
2.00 -10.00
1.00 -6.00
-12.00
0.00 -14.00 -8.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
Caterpillar (CAT) Chevron (CVX) CISCO Systems (CSCO)
0.00 6.00 0.00
4.00 -2.00
-5.00 -4.00
2.00 -6.00
-10.00 0.00 -8.00
-2.00 -10.00
-15.00 -12.00
-4.00 -14.00
-20.00 -6.00 -16.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
Coca Cola (KO) Du Pont (DD) Exxon (XOM)
4.00 0.00 4.00
3.50 -1.00 3.00
2.00
3.00 -2.00 1.00
2.50 0.00
-3.00
2.00 -1.00
-4.00 -2.00
1.50
-5.00 -3.00
1.00
-4.00
0.50 -6.00 -5.00
0.00 -7.00 -6.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
General Electric (GE) Hewlett Packard Co (HPQ) Home Depot (HD)
5.00 0.00 5.00
4.00 -2.00 4.00
3.00 -4.00 3.00
2.00
-6.00 2.00
1.00
-8.00 1.00
0.00
-1.00 -10.00 0.00
-2.00 -12.00 -1.00
-3.00 -14.00 -2.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
7

8. Page No.8
Quacera L.L.C.
New Perspectives for Investment Decisions
July 22, 2012
Dow Components (continued)
Intel (INTC) IBM (IBM) Johnson & Johnson (JNJ)
0.00 0.00 7.00
-1.00 6.00
5.00
-2.00 -1.00 4.00
-3.00 3.00
-2.00 2.00
-4.00 1.00
-5.00 0.00
-3.00 -1.00
-6.00 -2.00
-7.00 -4.00 -3.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
JPMorgan Chase (JPM) Kraft Foods (KFT) McDonalds (MCD)
0.00 2.50 0.00
-2.00 2.00 -1.00
-4.00
1.50 -2.00
-6.00
-8.00 1.00 -3.00
-10.00 0.50 -4.00
-12.00 0.00 -5.00
-14.00
-0.50 -6.00
-16.00
-18.00 -1.00 -7.00
-20.00 -1.50 -8.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
Merck (MRK) Microsoft (MSFT) Pfizer (PFE)
10.00 2.00 4.00
8.00 1.00
0.00
3.00
6.00
-1.00 2.00
4.00 -2.00
-3.00
1.00
2.00
0.00
-4.00 0.00
-5.00
-2.00 -6.00
-1.00
-4.00 -7.00 -2.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
Procter & Gamble (PG) Travelers (TRV) United Tech (UTX)
0.00 2.50 0.00
-1.00
-1.00 2.00 -2.00
-2.00 -3.00
1.50 -4.00
-3.00
1.00 -5.00
-4.00 -6.00
0.50 -7.00
-5.00
-8.00
-6.00 0.00 -9.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
Verizon (VZ) Wal-Mart (WMT) Walt Disney (DIS)
9.00 12.00 8.00
8.00 7.00
10.00
7.00 6.00
6.00 8.00 5.00
5.00
6.00 4.00
4.00
3.00 4.00 3.00
2.00 2.00
2.00 1.00
1.00
0.00 0.00 0.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
8

9. Page No.9
Quacera L.L.C.
New Perspectives for Investment Decisions
July 22, 2012
Index ETFs
PwrShr High Yield Equity Vanguard Total Market VIPERs Dow Diamonds (DIA)
Dividend (PEY) (VTI)
2.50 2.00 2.00
2.00 1.00
1.50 1.00
0.00
1.00 0.00
0.50 -1.00
0.00 -2.00 -1.00
-0.50 -3.00 -2.00
-1.00
-4.00 -3.00
-1.50
-2.00 -5.00 -4.00
-2.50 -6.00 -5.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
ProShrs Ultra Long Dow 30 ProShrs Ultra Long S&P 500
ProShrs Short Dow 30 (DOG)
(DDM) (SSO)
4.00 4.00 4.00
2.00 3.00 2.00
0.00 2.00 0.00
-2.00 1.00 -2.00
-4.00 0.00 -4.00
-6.00 -1.00 -6.00
-8.00 -2.00 -8.00
-10.00 -3.00 -10.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
ProShrs Short S&P 500 (SH) PwrShr QQQ Trust (QQQ)
ProShrs Ultra Short S&P 500
(SDS)
5.00 10.00 2.00
4.00 8.00 1.00
3.00 6.00 0.00
4.00
2.00 -1.00
2.00
1.00 -2.00
0.00
0.00 -3.00
-2.00
-1.00 -4.00 -4.00
-2.00 -6.00 -5.00
-3.00 -8.00 -6.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
ProShr Ultrat Long QQQ (QLD) ProShr Short QQQ (PSQ) ProShrs Ultra Short QQQ (QID)
4.00 6.00 12.00
2.00 5.00 10.00
0.00 4.00 8.00
-2.00 3.00 6.00
2.00 4.00
-4.00
1.00 2.00
-6.00
0.00 0.00
-8.00 -1.00 -2.00
-10.00 -2.00 -4.00
-12.00 -3.00 -6.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
Short Russell 2000 (RWM) Russell 3000 Growth (IWZ) iShr Russell 1000 Growth (IWF)
6.00 2.00 2.00
1.00 1.00
4.00
0.00 0.00
2.00 -1.00
-1.00
0.00 -2.00
-2.00
-3.00
-2.00
-4.00 -3.00
-4.00 -5.00 -4.00
-6.00 -6.00 -5.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
9

10. Page No.
Quacera L.L.C.
New Perspectives for Investment Decisions
July 22, 2012
Index ETFs (Continued)
Schwab U.S. Large-Cap Growth iShr S&P 500 Growth (IVW) iShr Russell Mid-Cap Growth
(SCHG) (IWP)
2.00 2.00 0.00
1.00 1.00 -1.00
0.00 0.00 -2.00
-1.00
-1.00 -3.00
-2.00
-2.00 -4.00
-3.00
-4.00 -3.00 -5.00
-5.00 -4.00 -6.00
-6.00 -5.00 -7.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
iShr Russell 2000 Growth Vanguard Small-Cap Growth
iShr Mid-Cap 400 Growth (IJK)
(IWO) (VBK)
0.00 4.00 4.00
-1.00 2.00 2.00
-2.00
0.00 0.00
-3.00
-2.00 -2.00
-4.00
-4.00 -4.00
-5.00
-6.00 -6.00 -6.00
-7.00 -8.00 -8.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
iShr S&P 500 Value (IVE) iShr Russell Mid-Cap Value
iShr Russell 1000 Value (IWD)
2.00 (IWS)
3.00 2.00
1.00
2.00 1.00
0.00 0.00
1.00
0.00 -1.00 -1.00
-2.00
-1.00 -2.00
-3.00
-2.00 -3.00 -4.00
-3.00 -4.00 -5.00
-4.00 -6.00
-5.00
-5.00 7-Jun 21-Jun 6-Jul 20-Jul
-6.00
7-Jun 21-Jun 6-Jul 20-Jul
7-Jun 21-Jun 6-Jul 20-Jul
iShr Mid-Cap 400 Value (IJJ) iShr Russell 2000 Value (IWN) Vanguard Small-Cap Value
(VBR)
2.00 3.00 4.00
1.00 2.00
2.00
0.00 1.00
-1.00 0.00 0.00
-2.00 -1.00
-2.00
-3.00 -2.00
-4.00 -3.00 -4.00
-5.00 -4.00
-6.00
-6.00 -5.00
-7.00 -6.00 -8.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
Russell 3000 Value (IWW) SPDR S&P 500 (SPY) Mid Cap S&P iShr (MDY)
3.00 2.00 1.00
2.00 1.00 0.00
1.00 0.00 -1.00
0.00 -2.00
-1.00
-1.00 -3.00
-2.00
-2.00 -4.00
-3.00 -3.00 -5.00
-4.00 -4.00 -6.00
-5.00 -5.00 -7.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
10

11. Page No.11
Quacera L.L.C.
New Perspectives for Investment Decisions
July 22, 2012
Index ETFs (Continued)
Mid Cap S&P 400 Ultra Long Mid Cap S&P 400 Short ProShrs Mid Cap S&P 400 Ultra Short
ProShrs (MVV) (MYY) ProShrs (MZZ)
2.00 6.00 12.00
0.00 5.00 10.00
-2.00 4.00 8.00
-4.00 3.00 6.00
-6.00 2.00 4.00
-8.00 1.00 2.00
-10.00 0.00 0.00
-12.00 -1.00 -2.00
-14.00 -2.00 -4.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
Russell 2000 iShrs (IWM) Russell 2000 Ultra Long ProShrs Russell 2000 Ultra Short Pro
(UWM) Shrs (TWM)
4.00 10.00 15.00
3.00
2.00 5.00 10.00
1.00
0.00 0.00 5.00
-1.00
-2.00
-3.00 -5.00 0.00
-4.00
-5.00 -10.00 -5.00
-6.00
-7.00 -15.00 -10.00
7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul 7-Jun 21-Jun 6-Jul 20-Jul
11