The technology industry is taking a beating today and semiconductors are taking the brunt of the pain. Throughout May, XSD has volleyed between its 50- and 200-day moving average. Top semiconductor firms are in the midst of battle with the EU over cartel charges filed against them.
ProShares UltraShort 20+ Year Treasury ETF (TBT) -2.0%
With the market still shaky, investors continue to seek out the safety of long term treasuries. This flight to safety is causing the double short ProShares product to take a hit. Due to its use of derivatives I would advise against retail investors playing TBT or any leveraged or inverse ETF. This fund's day to day performance, however, is a good indicator of broad market sentiment. All prices as of 2:15 PM EST