Profit From The Timid Consumer With This ETF (SZK)

“The ProShares UltraShort Consumer Goods ETF (NYSE: SZK) — This exchange-traded fund seeks to mirror twice the inverse of the daily performance of the Dow Jones U.S. Consumer Goods Index. Recent economic reports indicate that consumer confidence is falling, so this reverse ETF could rise on a drop in consumer stocks. The first target for a trade is $40, with a secondary target at $43. This “ultra fund” is for traders only. It carries a greater risk than an ordinary ETF, so traders should use stop-loss orders.Also, the SEC has determined that products like this are not good long-term investments and that they are most appropriate for short-term trades. The margin requirement for most leveraged ETFs is 100%, but check with your broker first before entering an order,” Sam Collins Reports From Investorplace.

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If you have questions or comments for Sam Collins, please e-mail him at [email protected].

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