Healthcare Sector Could Lead the Market Down
The Healthcare sector has lagged the market during the last 6 up days. This would indicate this sector could lead the market down if we take a pause here.
One way to play a healthcare sector drop is with an inverse ETF that covers the healthcare sector.
We would have to see the overall Market turn today with some conviction before considering buying an inverse ETF. 200% ETF’s are volatile so picking the right buy point with tight stops are real important for capital preservation.
RXD is a ProShares ETF - ProShares UltraShort Health Care seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Health Care IndexSM.
Lets see what happens today! Share your comments.
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