Would move higher if the Canadian market moved lower. He does not recommend this ETF because it is leveraged. Technical indicators are positive for the TSX presently. Watch the indicators and then play a seasonal trade on a bear TSX. When the election takes place it is an opportunity to go on the bull side instead of the bear side. It is 100 days prior to the election of a new president and is not a great time for the markets as they move lower. This bear ETF could be a good buy when the technical indicators confirm it.
TECHNICAL ANALYSIS & SEASONAL INVESTING