“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, (NYSE: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,” Sam Collins Reports From Investor Place.
Collins Goes on to say, “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.”