I last wrote about the ProShares Ultra Semiconductors ETF (NYSEARCA: USD ) on 16th March when I concluded "this space is in need of a rest and consolidation phase." Admittedly, that call was early as new highs were made in June, butMy approach is long-term and I focus on investing in macro ideas through low risk ETFs and CEFs. I have traded stocks and currencies for nearly ten years and currently run a family fund with my partner and fellow SA contributor Andrew McElroy. I also invest in real estate and am ...