ProSh Short Dow 30 E.T.F. (DOG)

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.

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.