Risk-On is on the MenuInverse Head & Shoulders on UltraShort Utilities. There is a daily H&S on XLU, but look at SDP on the weekly. First time --EVER-- that you can find a bullish reversal pattern on SDP. Fewer people buying / building homes + higher energy prices. We are entering an era of being short utilities, regardl
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About ProShares UltraShort Utilities
SDP provides -2x leveraged exposure to the S&P Utilities Select Sector Index, a market cap-weighted index of US utilities companies drawn exclusively from the S&P 500. The index includes the following GICS industries: electric, gas, water, and multi-utilities, independent power, and renewable electricity producers. SDP is designed as a short-term trading vehicle, not a long-term investment. It holds swap agreements and resets on a daily basis. As a result, compounding and path dependency make long-term returns difficult to predict when compared with the performance of its underlying index. Prior to March 20, 2023, the fund tracked the Dow Jones US Utilities Index.
Time to Short Utilities - Long Inverse ETFThe fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is designed to measure the stock performance of U.S. companies in the utilities industry. The fund is non-diversified.
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Displays a symbol's price movements over previous years to identify recurring trends.