Updating My Shorts on Financials and Tech

Includes: FAZ, REW
by: Mark Riddix

I picked up shares Monday of FAZ (NYSEARCA:FAZ) at $46.80. The triple short financials ETF declined over 17% an was down almost $10 per share. I think most of the upside potential for financial is baked into the stock. I expect investors to take profits after earnings. I also picked up some shares of REW (NYSEARCA:REW). This the ultra short technology ETF.