ProShares UltraShort Financials ETF
)-This exchange-traded fund (
) seeks daily to achieve results that are twice the inverse of
the daily performance of the Dow Jones U.S. Financial
These shares are highly volatile. In March 2009, this inverse
ETF traded at over $260, but now, with financial stocks under
pressure, a "V" bottom appears to be forming.
On Friday, SKF closed above its 50-day moving average and the
stochastic issued a buy signal.
The immediate target is modest- its bearish resistance line at
$24. But if the stock market confirms that a bear market has
begun, this inverse ETF could break out with $30 as its
This is an inverse, leveraged ETF and is only suitable for
short-term trading, not long-term investing. Please check with
your broker regarding possible margin restrictions.
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