Short Dow30 ProShares  (DOG) Trade Now »     Rate DOG  -  Discuss DOG  -  Add to Watch List        

This is an ETF that corresponds to the INVERSE of the DJIA.  I think the market is going south and this is my play on that with a Pos stance.

Markets blew through March lows recently, only to bounce for a moment.  Today's action breaking down isn't related to crude and the governments financial package did nothing.  Only good news from the economy will turn this thing and that is a good long time coming.  We tested approached the 50 SMA prior to today but that appears to be false hope.

Filed under: Major movement, Newsletters, Mutual funds, S and P 500, DJIA, Stocks to Buy

"We see the growing risk of a watershed decline very soon," warns Martin Weiss, editor of The Safe Money Report. For those looking to speculate on a downside move, or to hedge an otherwise long portfolio, the advisor looks at several inverse ETFs which benefit from a drop in stocks.

"With a new, potentially bigger wave of the credit crisis sweeping Wall Street, and with the latest energy price surge gutting corporate profits, the U.S. stock market is poised to suffer a far sharper and deeper decline.

"Our

Recap of CNBC's Fast Money, Tuesday June 3.
<!---->

Leery about Lehman: Lehman Brothers (LEH), Financial Select Sector SPDR (XLF), Goldman Sachs (GS), Citigroup (C)

Financials led stocks down with Lehman leading the way as it attempted to deny rumors that it is raising $3 to $4 billion. Macke says LEH is trading “like a stuck pig” and while he doesn’t think it is another Bear Stearns, he wouldn’t buy the stock. Najarian observed put activity in LEH and XLF and high volatility. Finerman says LEH will have to approach the markets to get liquidity even though this will hurt the stock. Ada

Recap of CNBC's Fast Money, Monday June 2. Click on a stock ticker for more analysis.
<!---->

Down Time: Wachovia (WB), Goldman Sachs (GS) and Citigroup (C), KeyCorp (KEY), Bank of New York Mellon (BK)

On news Lehman Brothers, Morgan Stanley and Merrill Lynch were downgraded and Wachovia’s Chief KevinThompson was dismissed, financials and the Dow faltered. Jeff Macke said when the S&P 500 didn’t surpass 1400, it sold off. Jeff Macke would by GS at $150 and Citi at $20. Pete Najarian is concerned about BK and KEY and discussed unusual options volume in the stocks.

Recap of CNBC's Fast Money, Wednesday May 7. Click on a stock ticker for more analysis.
<!--more-->

Financial Select Sector SPDR (XLF), Fannie Mae (FNM), Freddie Mac (FRE)

An announcement from the Securities and Exchange Commission that investment banks will have to disclose more information about their assets was an excuse for a selloff in financials, said Karen Finerman. Adami noted 1410 is a resistance point for the Dow and Macke said financials needed to drop anyway. Najarian noted XLF fell after reaching $27, and FNM and FRE gave back their gains from yesterday. Finerman would sit on

Recap of CNBC's Fast Money, Tuesday April 29. Click on a stock ticker for more analysis.
<!--more-->

ConcoPhillips (COP), Potash (POT), Wal-Mart (WMT)

Jeff Macke discussed oil’s 2% slide downward and thinks gold is a better short than oil, which hasn’t yet topped. Karen Finerman thinks the dollar has yet to hit bottom, and says the Fed should not cut rates.. Pete Najarian said investors are leaving oil, metals and agriculture behind after they have had amazing runs. He discussed POT’s and COP’s numbers and thinks investors should be willing to take some off the top, but with oil at $110,