Classic Bear ETFs Hit New 52-week lows (SKF, QID, DOG)

Bear Market

The ProShares UltraShort QQQ (ETF) (NYSE:QID) and ProShares Short Dow30 (ETF) (NYSE:DOG) both hit new 52-week lows today and the coveted ProShares UltraShort Financials (ETF) (NYSE:SKF) came within 16 cents of reaching a new bottom.  While the major indexes charge higher, the inverse bearish ETFs are touching new lows which is cause for speculation.

Morgan Stanley: Rally to End Soon


The market took off in February of this year, and shares of market ETFs soared, including SPDR Trust, Series 1 (NYSE:SPY), Diamonds Trust, Series 1 (ETF) (NYSE:DIA) and PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ).  But as often happens all good things come to an end. 

Bearish Sentiment is on the Rise


Time to cue up some of the bear ETFs like ProShares Short Dow30 (ETF) (NYSE:DOG) and ProShares Short S&P500 (ETF) (NYSE:SH), or even the 2X ETFs such as ProShares UltraShort Dow30 (ETF) (NYSE:DXD) and ProShares UltraShort S&P500 (ETF) (NYSE:SDS). 

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