Stockchase Opinions

Larry Berman CFA, CMT, CTA ProSh Short Dow 30 E.T.F. DOG-N COMMENT Aug 10, 2015

It is the inverse of the DOW. There is very slight NAV erosion because of the dividends involved, but it is not significant. It is not levered. He prefers RWM-N.

$22.940

Stock price when the opinion was issued

E.T.F.'s
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The Dow goes down and this goes up. We just entered the period of seasonal weakness for the Dow. Mid-August until second week in October, Dow goes down 5% per each year. Meanwhile the Dow broke its 20 day moving average; it broke an important support level; and is underperforming the S&P.