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The following are the list of eight ETFs in a down trend during the past 30 trading days. Most of these ETFs created new low lows and high lows in this time frame with a progressively high volume support. The markets had a two month rally and there are higher chances of a pullback. These ETFs are positioned to rise in a pullback scenario. These ETFs lost 6-32% this year, when the broad market (S&P500) gained 6.1% in the same period.

Proshares UltraShort MSCI Brazil (NYSEARCA:BZQ): The fund invests in derivatives that Proshare Advisors believe should have similar daily return characteristics as twice (200%) the inverse of the daily return of MSCI Brazil Index. It invests typically the rest of the assets in money market instruments. The fund is non-diversified. BZQ has $13.51M in assets. BZQ is currently trading at -40.9% lower volume compared to its 30 day moving average.BZQ is currently trading at $12.87, falling $4.52 or 26% this year.

ProShares UltraPro Short QQQ (NASDAQ:SQQQ): The fund invests in derivatives that ProShare Advisors believe should have similar daily return characteristics as three times (300%) the inverse of the daily return of NASDAQ-100 index. It invests typically the rest of assets in money market instruments. SQQQ has $127.35M in total assets. SQQQ is currently trading at 8.95% higher volume compared to its 30 day moving average.SQQQ is currently trading at $13.62, falling $4.97 or 26.7% this year.

Direxion Technology Bear 3x Shares (TYP): The investment seeks daily investment results, of 300% of the inverse of the performance of the Russell 1000 Technology Index. The fund normally creates short positions by investing at least 80% of its net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index.TYP has $32.5M in total assets.TYP is currently trading at 86.2% higher volume compared to its 30 day moving average.TYP is currently trading at $11.01, falling $4.54 or 29.2% this year.

Direxion Financial Bear 3x Shares (NYSEARCA:FAZ): The investment seeks daily investment results, of 300% of the inverse of the performance of the Russell 1000 Financial Services Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its net assets in: futures contracts; options on securities, indices and futures contracts; equity caps, collars and floors; swap agreements; forward contracts; short positions; reverse repurchase agreements and other financial instruments. FAZ has $1.17B in total assets.FAZ is currently trading at 5.99% higher volume compared to its 30 day moving average.FAZ is currently trading at $25.99, falling $8.8 or 25.3% this year.

ProShares UltraShort Financials (NYSEARCA:SKF): The investment seeks daily investment results, before fees and expenses, which correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Financials Index. SKF has $322.94M in total assets. SKF is currently trading at -5.66% lower volume compared to its 30 day moving average.SKF is currently trading at $46.81, falling $9.91 or 17.5% this year.

ProShares Short S&P500 (NYSEARCA:SH): The investment seeks daily investment results, before fees and expenses, which correspond to the inverse of the daily performance of the S&P 500. The fund invests in derivatives that Proshare Advisors believe should have similar daily return characteristics as the inverse of the daily return of the index. SH has $2.08B in total assets.SH is currently trading at 35.9% higher volume compared to its 30 day moving average.SH is currently trading at $37.44, falling $2.34 or 5.88% this year.

Direxion Daily BRIC Bear 2x Shares (NYSE:BRIS): The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the BNY BRIC Select ADR Index. BRIS has $2.10M in total assets.BRIS is currently trading at -100% lower volume compared to its 30 day moving average.BRIS is currently trading at $18.57, falling $8.88 or 32.3% this year.

ProShares UltraShort QQQ (NYSEARCA:QID): The investment seeks daily results which correspond to two times (200%) the inverse of the daily performance of the NASDAQ-100 Index. The fund invests in derivatives that Proshares Advisors believe should have similar daily return characteristics as the twice (200%) the inverse of the daily return of the index. TYP has $604.68M in total assets. QID is currently trading at 50.9% higher volume compared to its 30 day moving average.QID is currently trading at $35.34, falling $8.08 or 18.6% this year.

Source: 8 ETFs Poised To Rise In A Pullback Scenario