UltraShort Consumer Goods ProShares (SZK) — This Exchange-Traded Fund (ETF), which seeks daily investment results that correspond to twice the inverse of the daily performance of the Dow Jones U.S. Consumer Goods index, broke from support at its 50-day moving average and created a trading gap from $82 to $95.

Since this is an “inverse ETF,” the breakdown corresponds to strength in the consumer goods sector.

But investors’ over-optimistic buying in the sector has created a possible trade for those taking the bearish side. The target for a trade of SZK would be at least halfway into the gap or about $88.

Get Sam Collins’ Daily Trader’s Alert e-mailed straight to your inbox each morning before the opening bell absolutely FREE!

In addition to getting instant access to his Trade of the Day, you’ll also receive, in the same e-mail, his Daily Market Outlook so you can start your day off right by positioning yourself for profits!

Click here today to sign up today for Sam’s FREE Daily Trader’s Alert!

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.