A list of stock prices rising and declining in value
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Your Cure For This Tired Market

ProShares UltraShort Russell2000 Value ETF (NYSE: SJH ) - This fund seeks daily results, before fees and expenses, that correspond to twice the inverse of the daily performance of the Russell 2000 Value Index (AMEX: RUJ ), so this leveraged ETF could be an effective tool to gain from a downturn in those stocks.

On May 13, at $18, I targeted SJH for a quick trade is $22 to $25. On June 8, at $24, I said , "But now, with the broad market on the edge of a major breakdown, the target is raised to $28 to $32."

Although SJH ran to $26, we missed on the higher price. Now, with stocks looking very tired, SJH could break through its 50-day moving average for a run to $24.

But don't stay with this one very long. Taking profits is prudent - then wait for a better buying opportunity.

This is a speculative, leveraged ETF that is primarily suited to day trading. Be sure to check for any special margin requirements and, recognizing the high risk of this trade, place a stop-loss order at the time of execution.

SJH 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.


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

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