Replies to post #339 on ProShares UltraShort Financials ETF (SKF)

[BradL45]

http://seekingalpha.com/article/105263-direxion-launches-3x-leveraged-etfs

It's really 8, 4 bears, and 4 bulls.

4 sectors

Finance
Energy
Small cap
Large cap

I use the large cap the least.

Scary stocks, do tons of DD and chart study before using them, you don't want to be crushed when leveraged 3x. These are pure market psychological stocks and are news driven, sometime this year I think the market will return to trading on Fundamentals, and these stocks will taper out(except SRS maybe).

SKF is a good indicator of the financial sector, go with the trend. SKF usually tops around the $200 mark, and the move to $300, well the stars were aligned just right.

I like energy and Solar, DXO might be a ETN to look at, I hold it long.

GL