Market Overview

Betting the May Jobs Report Is Not the End of the World


When the May jobs report was released it was the end of the world as we know it.

And on top of that, we learned SPY), an exchange-traded fund that generally correspond to the performance of the S&P 500 Index. To add some leverage, an investor can use ProShares Ultra S&P500 (NYSE: SSO), which seeks results that are equivalent to twice (200%) the performance of the S&P 500 Index.

For investors who believe technology was unduly hammered, use the 2x Nasdaq bull ProShares QQQ (Nasdaq: QQQ), equivalent to twice the performance of the NASDAQ-100 Index.

And investors wishing to go long the U.S. dollar can buy PowerShares DB USD Index Bullish (NYSE: UUP). To short the euro, investors can buy the 2x leveraged Market Vectors Double Short Euro ETN (NYSE: DRR) or the 2x leveraged ProShares UltraShort Euro (NYSE: EUO).

Posted-In: Long Ideas Sector ETFs Specialty ETFs Currency ETFs Forex Markets Trading Ideas ETFs Best of Benzinga


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