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By The ETF Professor

With Friday's declines, major U.S. indices are close to giving back all of their post-Federal Reserve gains that were accrued Wednesday.

Weakness in U.S. stocks after the Fed-induced, no tapering surge is not surprising. History shows that equities often hit a rough patch in the weeks immediately following a big Fed day and Wednesday certainly qualifies as that.

Possibly making the near-term forecast for stocks all the more gloomy is October is right around the corner and the tenth month of the year is mediocre at best for the bulls. It is actually the worst month for the Russell 2000 and the fourth-worst month for the Nasdaq Composite. With October near and enthusiasm for the no tapering rally all but gone, traders may want to consider the following ETFs.

Direxion Daily Gold Miners Bear 3X Shares (DUST)
DUST has been a champion for much of this year as gold's bull market appears to be ending. Yes, the yellow metal got some help from the Fed Wednesday, but in indication of just how week the miners are, DUST is following up a strong showing Thursday with a Friday gain of almost 19 percent at this writing.

DUST's bullish outlook is confirmed by the fact that even when it rallied last month, the Market Vectors Gold Miners (GDX) was never able to to crack critical resistance at $31.

Direxion Daily Energy Bear 3X Shares (ERY)
Talk about a post-Fed dud: The U.S. Oil Fund (NYSE: USO) is on pace to finish the week with a loss of about 1.5 percent. Bolstering the case for the Direxion Daily Energy Bear 3X Shares is the fact that September is usually a good time to short oil stocks, but that has not been the case this month as the Energy Select Sector SPDR (XLE) was up 3.6 percent heading into Friday's trading session.

With Syria concerns all but extinct for the moment, a disappointing no tapering performance and seasonal trends at play, the energy sector is not a screaming buy at the moment. Perhaps the Direxion Daily Energy Bear 3X Shares is for adventurous traders.

ProShares UltraShort Financials (SKF)
SKF has an ugly chart, as do many leveraged bearish ETFs this year, but this fund has had some moments in the sun.

There is risk with SKF because it is possible that large-cap banks will respond positively to falling interest rates, if that scenario occurs. However, there are reasons to believe SKF can go higher in the near-term. The fund is the double-leveraged, bearish answer to the iShares U.S. Financials ETF (IYF).

IYF has a six percent weight to J.P. Morgan Chase (JPM), a company that generates more bad news than good these days. Additionally, IYF's exposure to regional banks and life insurance providers, albeit slight, is not a favorable trait if 10-year Treasury yields do decline in earnest.

For more on ETFs, click here.

Disclaimer: Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Source: ETFs For A Post-Fed Decline