Ken McCord
HBP S&P 500 Bear+ ETF
HSD-T
TOP PICK
Nov 04, 2009
S&P 500 Bear+ ETF. He is bearish on the market in general. This is a levered product at 2X and is not for the faint of heart. His strategy would be to have a half position against his 2 full positions in his other Top Picks.
Going down because market is going up and this is how they play. Could test 50 day moving average in the short term so there is upside potential within next month or two.
S&P 500 Bear+ ETF. Double leveraged. Very good product but you have to remember that it is a short term trading vehicle with the basic hold of about 6 days..
Okay using inverse ETFs, but better to stay in 1x leverage. Can use them short term. In the short run, there could be more pull back. Does not think we will see much below $4,100 or $4,200 this year. Looking for more pullback but not a whole lot more.