ProShares UltraShort Dow 30 ETF (DXD) –This Exchange-Traded Fund (ETF) seeks daily investment results that correspond to the inverse of the daily performance of the Dow Jones Industrial Average index (DJI).

The fund normally invests 80% of assets in financial instruments with economic characteristics that should be inverse to those of the index.

In the past year, the Trade of the Day has referred to the DXD as a way for traders to grab some profits in down markets, and those trades have usually been successful.

Now the DXD is again in a buying range following a rally in the market and the internal indicator MACD has issued a buy signal. The target for this trade is $73.

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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.