ProSh UltraShort Dow30 E.T.F. (DXD)

Short on the Dow. Doesn't think the lows will be retested. Thinks the Dow will gradually work its way higher during the 1st and maybe even the 2nd quarter of the year, with corrections along the way. For this, you need short-term timing tools in order to get in and out.

He would not be putting on any serious Short positions. The present market appears to be going through a range-bound sideways action. If you had a market that rose going into the first quarter of next year, then you could take a second look at this.

Basically, makes money if the market goes down. Has a leveraged factor of 2 which means that it goes up twice as much as the Dow goes down. Use this as a diversifier in a portfolio, especially if you are worried about the market and didn't want to sell your stocks. A short-term trading instrument.