Oversold List Shows Market at Tipping Point
The next ticker is part of a group that uncomfortably populated my results for the last week: leveraged ETFs. These are not really equities like most stocks. They are financial trading instruments that are more or less Frankensteins of the equity world.
I am not a big fan of leveraged ETFs, so I rarely mention them; other than warning investors to stay clear. Leveraged ETFs are a great way to make money, if you're the underwriter for them. Otherwise, I consider the product an unintended consequence of SEC pattern daytrader regulations.
The only way I know of to guarantee making money on Wall Street is to short leveraged ETFs. It's the same reason why it's hard to find shares, and when you do find shares, you can't count on holding on to them when you need to.
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