General Market Question
What do you think of ProShares UltraShort Financials?
Asked by ning in
General Market
11 months ago
Stocks referenced: SKF
Answers
121 points
JohnsonAndLewis answered 11 months ago …
High earnings expectations factored into financial companies will likely go unfulfilled, resulting in selling pressure on Financial Select SPDR (XLF) and individual company shares. The prepared investor can use the UltraShort Financials ProShares (SKF) to leverage a downturn in XLF.
SKF has support at $100 and resistance at $120.
