A DOG You Want to Buy


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ProShares Short Dow 30 ETF (NYSE: DOG ) - This exchange-traded fund ( ETF ) seeks to mirror the inverse of the daily performance of the Dow Jones Industrial Average. 

With the major indices acting anemic, DOG provides a way to insure portfolios against a major breakdown and could give traders a quick profit even without a major breakdown of the parent index. 

The Dow 30 Index is finding stiff resistance at its 200-day moving average and its bearish resistance line. If the Dow turns down, look out below, because a decline to the year's low under 9,800 is likely, and a bear market confirmation possible.

A new bear market could take DOG north of $55.

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DOG Chart

Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Stocks
Referenced Stocks: ETF

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Sam Collins

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