QQQ - DOG: Profit From Declines In The Dow Jones Industrials Not Just Yet
Summary
- DOG has a simple mission: make money when the Dow Jones Industrial Average (DJIA) declines in price.
- This ETF is one of several that essentially short major stock indexes. Importantly, as with the others focus on, DOG does not use leverage to achieve its objective.
- The DJIA has been the market leader in that it has fallen much less than the other major indexes. But that edge may be slipping.
- That makes DOG a more serious consideration for either a hedge, offensive position in a bear market, or an ETF arbitrage pair.
- I rate DOG a Hold for now. I think there will be a time this year when the whole equity market is a screaming sell, which would make DOG a buy. But not just yet.
For further details see:
DOG: Profit From Declines In The Dow Jones Industrials, Not Just Yet