SH-are the inverse of the-S&P 500. SH-seeks daily results that correspond to the inverse (-1x) of the daily performance of the-S&P 500. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index.
I do own-SH, as well as DOW-DOG. Why? Portfolio insurance only.
The chart above shows a steady decline in-SH since the February lows.
The phase energy (top lower) has been mostly negative since February.
CHOP has been mostly in the shaded area while CHOP ZONE has been mostly red. This means lower-SH prices.
I have positions in SH-and-DOG for the same reasons I have home owners insurance or health insurance. It gives me protection for wide market swings.
I am never sad if I don't have a fire at my home or require major surgery, two reasons I would have bought home owners or health insurance.
Stocks today: There are no signs that I see for a major shift in the stock market.
Yes, this can change, but for now I add to my positions in quality stocks when the market dips.
Baron Rothschild said “When there is blood on the street, I am buying."
I publish this only as a matter of education. If you have strong, trending stocks, the trend usually re-asserts itself.
I do not believe the sky is falling. Keep cool and do not lose you head, even if those around you do.
Good luck to you with all your trades. Don