ProShares Short Dow 30 ETF (NYSE: DOG) — This exchange-traded fund (ETF) seeks to mirror the inverse of the daily performance of the Dow Jones Industrial Average.
With the major indices acting anemic, DOG provides a way to insure portfolios against a major breakdown and could give traders a quick profit even without a major breakdown of the parent index.
The Dow 30 Index is finding stiff resistance at its 200-day moving average and its bearish resistance line. If the Dow turns down, look out below, because a decline to the year’s low under 9,800 is likely, and a bear market confirmation possible.
A new bear market could take DOG north of $55.
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