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

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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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