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Thomas Renna
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Since graduating Rutgers University (B.A.) in 1990, Tom has worked in the financial industry in various capacities. visit www.equitiesresearch.com "in this day and age of digital speed and lightning trading, Equities Research continues to use a CALENDAR to measure investments and... More
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  • Making Money When The Market Heads Lower 1 comment
    Apr 9, 2012 5:36 PM | about stocks: DXD, MYY, PSQ, QID, SDS, TWM

    From October 3,2011 through April 2,2012 the market has rallied nearly 30%.

    Today the S&P500 index was down over 1% and 6 Exchange Traded Funds that have been resting near their 52week lows all moved up.

    This morning I read Doug Kass's latest column from Real Money after finding it referenced at BusinessInsider.com.

    Kass was right today and if his prediction holds true for the next several months then the best investment returns can be found in the following Short Focused Exchange Traded Funds:

    ProShares UltraShort Dow30

    (NYSEArca: DXD) $13.34

    ProShares Short MidCap400

    (NYSEArca: MYY) $27.60

    ProShares Short QQQ

    (NYSEArca: PSQ) $25.76

    ProShares UltraShort QQQ

    (NYSEArca: QID) $30.55

    ProShares UltraShort S&P500

    (NYSEArca: SDS) $15.60

    ProShares UltraShort Russell200

    (NYSEArca: TWM) $31.48

    prices are as of 4/9/2012 close.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: ETF, Short Stocks: DXD, MYY, PSQ, QID, SDS, TWM
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  •  
    Thanks for the info. In order for me to make any investment I have to have a story to go along with the decision. I've bought and sold call options in QID three times in the last couple of weeks (May 35's).
    Markets have had a great run. The QQQ has had a tremendous run. 19% of the QQQ is AAPL and Apple, well, what can I say. Very few large cap stocks have moved that much, that quickly.
    If the market has another move upward near term I will short it again.
    Options in QID offers tremendous leverage for an investor looking for a pullback in these markets.
    15 Apr 2012, 12:36 AM Reply Like
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