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.

The Negative Nancy Index: Short China, NASDAQ, Gold and Others (FXP, QID, DGZ)

The bulls can't run forever as there is always chaos awaiting in the shadows. Just when you think your precious equities will run forever the market will topple and fall while only the inverse ETFs and short positions will reap the benefits. Look to the ProShares UltraSh FTSE/Xinhua China 25 (NYSE:FXP), ProShares UltraShort QQQ (ETF) (NYSE:QID), and PowerShares DB Gold Short ETN (NYSE:DGZ).

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