ProShares UltraShort Industrials (ARCA: SIJ)

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ProShares UltraShort Industrials

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index represents the industrials sector of the S&P 500 Index. The Index is one of eleven S&P Select Sector Indices, each designed to measure the performance of a sector of the S&P 500.

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Friday brought an upbeat February jobs report, but confirming that market participants are locked into the coronavirus, stocks continued swooning as the number of confirmed cases of the respiratory illness in the U.S. ballooned past 230.
With major equity benchmarks&nbsp;such as the S&amp;P 500 and the Dow Jones Industrial Average&nbsp;residing below key trendlines, including the 200-day moving average, conditions are ideal for active traders to consider inverse and <a href="https://www.benzinga.com/trading-ideas/long-ideas/20/03/15463193/it-could-be-time-for-these-two-bearish-bank-etfs">leveraged bearish exchange traded funds</a>.
Here are a few names&nbsp;traders can consider if market conditions continue deteriorating over the near-term.
<h3>ProShares Short QQQ (PSQ)</h3>
The ProShares Short QQQ (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psq#NYSE">PSQ</a>) is an ideal way for even conservative traders to participate in downside for technology and communication services stocks: this fund is inverse, though not leveraged.
What that means is that PSQ is designed to deliver the daily inverse performance of the popular Nasdaq-100 Index. So if that benchmark declines by 1% on a given day, PSQ should rise by 1%.
PSQ is also a good short-term hedge for investors holding the Invesco QQQ (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>), the Nasdaq-100 tracking ETF. Although PSQ isn&#39;t leveraged, those using it should still treat as a short-term instrument.
&ldquo;Due to the <a href="https://www.proshares.com/funds/performance/the_universal_effects_of_compounding.html">compounding</a> of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares&#39; returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period,&rdquo; <a href="https://www.proshares.com/funds/psq.html">according to ProShares.</a>
<h3>Direxion Daily Energy Bear 3X Shares (ERY)</h3>
Friday&#39;s more than 15% jump, one built on heavy volume, by the Direxion Daily Energy Bear 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ery#NYSE">ERY</a>) notwithstanding, it&#39;s easy to see why ERY is an alluring short-term play in the current environment.
The Organization of Petroleum Exporting Countries said earlier this week it&#39;s cutting output, and Exxon Mobil (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) and Chevron (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>) laid out budgets that indicate a large amount of prudence. Yet energy stocks are trading as if oil is at $20 per barrel, not the $43 area where it actually resides.&nbsp;
ERY aims to deliver <a href="http://www.direxion.com/products/direxion-daily-energy-bull-3x-etf">triple the daily inverse returns</a> of the Energy Select Sector Index, and the risk with this fund is clear: ERY has already more than doubled this year, and with the energy sector so battered, it may not take much after the coronavirus situation ebbs to ignite a rally here, punishing ERY in the process.
<h3>Direxion Daily Consumer Discretionary Bear 3X Shares (PASS)</h3>
Although the February jobs report would appear to indicate the U.S. economy remains on solid footing, it encompasses a period in which the coronavirus only started becoming a concern in the U.S. Now, it&#39;s a breakout &mdash; and one that could easily derail consumer confidence.
Look at Amazon.com, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), which is lower by more than 8% this month.
Amazon is relevant to the Direxion Daily Consumer Discretionary Bear 3X Shares (NYSE: PASS) because PASS&#39;s underlying index devotes over 23% of its weight to the e-commerce giant.
<h3>ProShares Ultra Short Industrials (SIJ)</h3>
The coronavirus is punishing the industrial sector, as highlighted by recently sour performances by Boeing Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) and United Technologies Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/utx#NYSE">UTX</a>), just to name two.
Enter the ProShares Ultra Short Industrials (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sij#NYSE">SIJ</a>), which tries to deliver double the daily inverse returns of the Dow Jones U.S. Industrials Index.
Looking at the Industrial Select Sector SPDR (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xli#NYSE">XLI</a>), a near-term case grows for SIJ. XLI is sporting a March loss approaching 14% and closed Friday about 11% below its 200-day line.

Tyco International (NYSE: <a class="ticker" href="/stock/tyc#NYSE">TYC</a>) is scheduled to report fiscal fourth-quarter 2011 results Wednesday, November 16, before the markets open. Tyco is in the process of spinning off some of its businesses to streamline operations, and the company has posted increased profits for three quarters in a row. Investors no doubt will be looking for updates on the split and more earnings growth.

Analysts on average predict that Tyco will report earnings of $0.59 per share for the quarter and $3.18 per share for the fiscal year. That would be 13.9% and 15.7% higher, respectively, from last year. That quarterly EPS estimate is unchanged from 60 days ago, but the full-year estimate is up a penny per share. Note that analysts have underestimated Tyco's earnings in each quarter since the beginning of 2008.

The forecast also calls for the company to post revenues of $4.5 billion for the quarter and $17.1 for the year. Both numbers would be only marginally higher than a year ago. For the current quarter, revenues are so far expected to fall by 2.2% year over year.

The Company

Based in Schaffhausen, Switzerland, Tyco International produces and markets security products and services and other industrial products worldwide. Its segments include Tyco Security Solutions, Tyco Fire Protection, and Tyco Flow Control. This S&amp;P 500 component was founded in 1960 and now has a market cap of $21.4 billion.

During the three months that ended in September, the company announced its plans to split into three different companies. The company also completed its acquisition of fire suppression products maker Chemguard and announced the acquisition of security systems maker Visonic.

Performance

The company has a long-term earnings per share growth forecast of 12.7% and a dividend yield of 2.1%. The P/E ratio is 13.9 and the PEG ratio is 1.0. Eleven out of 18 analysts who follow the stock rate it a Buy or Strong Buy; none rate it a Sell. They have a mean price target on it of $51.53 per share. That is more than 10% higher than the current share price.

The share price has risen about 12% in the past three months and is more than 24% higher than a year ago. The stock is above the 50-day and 200-day moving averages. Year to date, Tyco stock has outperformed competitors General Electric (NYSE: <a class="ticker" href="/stock/ge#NYSE">GE</a>), Honeywell (NYSE: <a class="ticker" href="/stock/hon#NYSE">HON</a>) and United Technologies (NYSE: <a class="ticker" href="/stock/utx#NYSE">UTX</a>), as well as the broader markets.

Action Items:

Bullish: Investors interested in exchange traded funds invested in Tyco might want to consider the following trades:

<ul><li>Vanguard Industrials ETF (NYSE: <a class="ticker" href="/stock/vis#NYSE">VIS</a>) is more than 5% higher than a year ago.</li>
<li>Rydex S&amp;P Equal Weight Industrials (NYSE: <a class="ticker" href="/stock/rgi#NYSE">RGI</a>) is almost 6% higher than a year ago.</li>
<li>Industrial Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xly#NYSE">XLY</a>) is more than 6% higher than a year ago.</li>
</ul>

Bearish: Traders may want to consider this alternative position:

<ul><li>ProShares UltraShort Industrials (NYSE: <a class="ticker" href="/stock/sij#NYSE">SIJ</a>)</li>
</ul>

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Stock volume on the exchanges has been down-right anemic as of late; in fact, yesterday’s volume was the lowest we have seen during an August (which is historically the lowest volume month) in nearly 40 years. There are several reasons for this low volume, namely that large, institutional traders and hedge fund managers are out on holiday until after Labor Day. 
Those of us who are lacking a house in The Hamptons still show up to trade every day, but are greeted with small movements in indexes and increased volatility in individual names. While this reinforces the case for being a stock picker, even well-loved names can make outsized moves in the wrong direction on low volume tapes. Therefore the best way to grind out day-trades is in leverages ETFs—that is what they were developed for anyway!
Here is a short list to copy, print out, and keep on your trading desk. Rest assured that one of these is guarantied to be moving around even on high volume days:
Ultra Short ETFs
•	Proshares Ultrashort Basic Materials (NYSE: <a class="ticker" href="/stock/smn#NYSE">SMN</a>) 
•	Proshares Ultrashort Consumer Goods (NYSE: <a class="ticker" href="/stock/szk#NYSE">SZK</a>) 
•	Proshares Ultrashort Consumer Services (NYSE: <a class="ticker" href="/stock/scc#NYSE">SCC</a>) 
•	Proshares Ultrashort Dow 30 (NYSE: <a class="ticker" href="/stock/dxd#NYSE">DXD</a>) 
•	Proshares Ultrashort Financials (NYSE: <a class="ticker" href="/stock/skf#NYSE">SKF</a>) 
•	Proshares Ultrashort Health Care (NYSE: <a class="ticker" href="/stock/rxd#NYSE">RXD</a>) 
•	Proshares Ultrashort Industrials (NYSE: <a class="ticker" href="/stock/sij#NYSE">SIJ</a>) 
•	Proshares Ultrashort 20+ Year Treasury (NYSE: <a class="ticker" href="/stock/tbt#NYSE">TBT</a>) 
•	Proshares Ultrashort Oil &amp; Gas (NYSE: <a class="ticker" href="/stock/dug#NYSE">DUG</a>) 
•	Proshares Ultrashort Nasdaq 100 QQQ (NYSEL QID) 
•	Proshares Ultrashort S&amp;P 500 (NYSE: <a class="ticker" href="/stock/sds#NYSE">SDS</a>)
Ultra Long ETFs
•	Proshares Ultralong Basic Materials (NYSE: <a class="ticker" href="/stock/uym#NYSE">UYM</a>) 
•	Proshares Ultralong Consumer Goods (NYSE: <a class="ticker" href="/stock/uge#NYSE">UGE</a>) 
•	Proshares Ultralong Consumer Services (NYSE: <a class="ticker" href="/stock/ucc#NYSE">UCC</a>) 
•	Proshares Ultralong Dow 30 (NYSE: <a class="ticker" href="/stock/ddm#NYSE">DDM</a>) 
•	Proshares Ultralong Financials (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>) 
•	Proshares Ultralong Health Care (NYSE: <a class="ticker" href="/stock/rxl#NYSE">RXL</a>) 
•	Proshares Ultralong Industrials (NYSE: <a class="ticker" href="/stock/uxi#NYSE">UXI</a>) 
•	Proshares Ultralong Oil and Gas (NYSE: <a class="ticker" href="/stock/dig#NYSE">DIG</a>) 
•	Proshares Ultralong Nasdaq 100 QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>) 
•	Proshares Ultralong S&amp;P 500 (NYSE: <a class="ticker" href="/stock/sso#NYSE">SSO</a>)
<a href="http://at.zacks.com/?id=7279">Strong Buy Stocks That Have Tripled the Market. See them for free.</a>

ProShares UltraShort Industrials -2x Shares

Friday brought an upbeat February jobs report, but confirming that market participants are locked into the coronavirus, stocks continued swooning as the number of confirmed cases of the respiratory illness in the U.S. ballooned past 230.

With major equity benchmarks&nbsp;such as the S&amp;P 500 and the Dow Jones Industrial Average&nbsp;residing below key trendlines, including the 200-day moving average, conditions are ideal for active traders to consider inverse and <a href="https://www.benzinga.com/trading-ideas/long-ideas/20/03/15463193/it-could-be-time-for-these-two-bearish-bank-etfs">leveraged bearish exchange traded funds</a>.

Here are a few names&nbsp;traders can consider if market conditions continue deteriorating over the near-term.

<h3>ProShares Short QQQ (PSQ)</h3>

The ProShares Short QQQ (NYSE:<a class="ticker" href="/stock/PSQ#NYSE">PSQ</a>) is an ideal way for even conservative traders to participate in downside for technology and communication services stocks: this fund is inverse, though not leveraged.

What that means is that PSQ is designed to deliver the daily inverse performance of the popular Nasdaq-100 Index. So if that benchmark declines by 1% on a given day, PSQ should rise by 1%.

PSQ is also a good short-term hedge for investors holding the Invesco QQQ (NASDAQ:<a class="ticker" href="/stock/QQQ#NASDAQ">QQQ</a>), the Nasdaq-100 tracking ETF. Although PSQ isn&#39;t leveraged, those using it should still treat as a short-term instrument.

&ldquo;Due to the <a href="https://www.proshares.com/funds/performance/the_universal_effects_of_compounding.html">compounding</a> of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares&#39; returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period ,&rdquo; <a href="https://www.proshares.com/funds/psq.html">according to ProShares.</a>

<h3>Direxion Daily Energy Bear 3X Shares (ERY)</h3>

Friday&#39;s more than 15% jump, one built on heavy volume, by the Direxion Daily Energy Bear 3X Shares (NYSE:<a class="ticker" href="/stock/ERY#NYSE">ERY</a>) notwithstanding, it&#39;s easy to see why ERY is an alluring short-term play in the current environment.

The Organization of Petroleum Exporting Countries said earlier this week it&#39;s cutting output, and Exxon Mobil (NYSE:<a class="ticker" href="/stock/XOM#NYSE">XOM</a>) and Chevron (NYSE:<a class="ticker" href="/stock/CVX#NYSE">CVX</a>) laid out budgets that indicate a large amount of prudence. Yet energy stocks are trading as if oil is at $20 per barrel, not the $43 area where it actually resides.&nbsp;

ERY aims to deliver <a href="http://www.direxion.com/products/direxion-daily-energy-bull-3x-etf">triple the daily inverse returns</a> of the Energy Select Sector Index, and the risk with this fund is clear: ERY has already more than doubled this year, and with the energy sector so battered, it may not take much after the coronavirus situation ebbs to ignite a rally here, punishing ERY in the process.

<h3>Direxion Daily Consumer Discretionary Bear 3X Shares (PASS)</h3>

Although the February jobs report would appear to indicate the U.S. economy remains on solid footing, it encompasses a period in which the coronavirus only started becoming a concern in the U.S. Now, it&#39;s a breakout &mdash; and one that could easily derail consumer confidence.

Look at Amazon.com, Inc.&nbsp;(NASDAQ:<a class="ticker" href="/stock/AMZN#NASDAQ">AMZN</a>), which is lower by more than 8% this month.

Amazon is relevant to the Direxion Daily Consumer Discretionary Bear 3X Shares (NYSE:<a class="ticker" href="/stock/PASS#NYSE">PASS</a>) because PASS&#39;s underlying index devotes over 23% of its weight to the e-commerce giant.

<h3>ProShares Ultra Short Industrials (SIJ)</h3>

The coronavirus is punishing the industrial sector, as highlighted by recently sour performances by Boeing Co&nbsp;(NYSE:<a class="ticker" href="/stock/BA#NYSE">BA</a>) and United Technologies Corporation&nbsp;(NYSE:<a class="ticker" href="/stock/UTX#NYSE">UTX</a>), just to name two.

Enter the ProShares Ultra Short Industrials (NYSE:<a class="ticker" href="/stock/SIJ#NYSE">SIJ</a>), which tries to deliver double the daily inverse returns of the Dow Jones U.S. Industrials Index.

Looking at the Industrial Select Sector SPDR (NYSE:<a class="ticker" href="/stock/XLI#NYSE">XLI</a>), a near-term case grows for SIJ. XLI is sporting a March loss approaching 14% and closed Friday about 11% below its 200-day line.

Tyco International (NYSE: <a class="ticker" href="/stock/tyc#NYSE">TYC</a>) is scheduled to report fiscal fourth-quarter 2011 results Wednesday, November 16, before the markets open. Tyco is in the process of spinning off some of its businesses to streamline operations, and the company has posted increased profits for three quarters in a row. Investors no doubt will be looking for updates on the split and more earnings growth.

Analysts on average predict that Tyco will report earnings of $0.59 per share for the quarter and $3.18 per share for the fiscal year. That would be 13.9% and 15.7% higher, respectively, from last year. That quarterly EPS estimate is unchanged from 60 days ago, but the full-year estimate is up a penny per share. Note that analysts have underestimated Tyco's earnings in each quarter since the beginning of 2008.

The forecast also calls for the company to post revenues of $4.5 billion for the quarter and $17.1 for the year. Both numbers would be only marginally higher than a year ago. For the current quarter, revenues are so far expected to fall by 2.2% year over year.

The Company

Based in Schaffhausen, Switzerland, Tyco International produces and markets security products and services and other industrial products worldwide. Its segments include Tyco Security Solutions, Tyco Fire Protection, and Tyco Flow Control. This S&P 500 component was founded in 1960 and now has a market cap of $21.4 billion.

During the three months that ended in September, the company announced its plans to split into three different companies. The company also completed its acquisition of fire suppression products maker Chemguard and announced the acquisition of security systems maker Visonic.

Performance

The company has a long-term earnings per share growth forecast of 12.7% and a dividend yield of 2.1%. The P/E ratio is 13.9 and the PEG ratio is 1.0. Eleven out of 18 analysts who follow the stock rate it a Buy or Strong Buy; none rate it a Sell. They have a mean price target on it of $51.53 per share. That is more than 10% higher than the current share price.

The share price has risen about 12% in the past three months and is more than 24% higher than a year ago. The stock is above the 50-day and 200-day moving averages. Year to date, Tyco stock has outperformed competitors General Electric (NYSE: <a class="ticker" href="/stock/ge#NYSE">GE</a>), Honeywell (NYSE: <a class="ticker" href="/stock/hon#NYSE">HON</a>) and United Technologies (NYSE: <a class="ticker" href="/stock/utx#NYSE">UTX</a>), as well as the broader markets.

Action Items:

Bullish: Investors interested in exchange traded funds invested in Tyco might want to consider the following trades:

<ul>
<li>Vanguard Industrials ETF (NYSE: <a class="ticker" href="/stock/vis#NYSE">VIS</a>) is more than 5% higher than a year ago.</li>
<li>Rydex S&P Equal Weight Industrials (NYSE: <a class="ticker" href="/stock/rgi#NYSE">RGI</a>) is almost 6% higher than a year ago.</li>
<li>Industrial Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xly#NYSE">XLY</a>) is more than 6% higher than a year ago.</li>
</ul>

Bearish: Traders may want to consider this alternative position:

<ul>
<li>ProShares UltraShort Industrials (NYSE: <a class="ticker" href="/stock/sij#NYSE">SIJ</a>)</li>
</ul>

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Stock volume on the exchanges has been down-right anemic as of late; in fact, yesterday’s volume was the lowest we have seen during an August (which is historically the lowest volume month) in nearly 40 years. There are several reasons for this low volume, namely that large, institutional traders and hedge fund managers are out on holiday until after Labor Day. 

Those of us who are lacking a house in The Hamptons still show up to trade every day, but are greeted with small movements in indexes and increased volatility in individual names. While this reinforces the case for being a stock picker, even well-loved names can make outsized moves in the wrong direction on low volume tapes. Therefore the best way to grind out day-trades is in leverages ETFs—that is what they were developed for anyway!

Here is a short list to copy, print out, and keep on your trading desk. Rest assured that one of these is guarantied to be moving around even on high volume days:

Ultra Short ETFs

•	Proshares Ultrashort Basic Materials (NYSE: <a class="ticker" href="/stock/smn#NYSE">SMN</a>)
•	Proshares Ultrashort Consumer Goods (NYSE: <a class="ticker" href="/stock/szk#NYSE">SZK</a>)
•	Proshares Ultrashort Consumer Services (NYSE: <a class="ticker" href="/stock/scc#NYSE">SCC</a>)
•	Proshares Ultrashort Dow 30 (NYSE: <a class="ticker" href="/stock/dxd#NYSE">DXD</a>)
•	Proshares Ultrashort Financials (NYSE: <a class="ticker" href="/stock/skf#NYSE">SKF</a>)
•	Proshares Ultrashort Health Care (NYSE: <a class="ticker" href="/stock/rxd#NYSE">RXD</a>)
•	Proshares Ultrashort Industrials (NYSE: <a class="ticker" href="/stock/sij#NYSE">SIJ</a>)
•	Proshares Ultrashort 20+ Year Treasury (NYSE: <a class="ticker" href="/stock/tbt#NYSE">TBT</a>)
•	Proshares Ultrashort Oil & Gas (NYSE: <a class="ticker" href="/stock/dug#NYSE">DUG</a>)
•	Proshares Ultrashort Nasdaq 100 QQQ (NYSEL QID)
•	Proshares Ultrashort S&P 500 (NYSE: <a class="ticker" href="/stock/sds#NYSE">SDS</a>)

Ultra Long ETFs

•	Proshares Ultralong Basic Materials (NYSE: <a class="ticker" href="/stock/uym#NYSE">UYM</a>)
•	Proshares Ultralong Consumer Goods (NYSE: <a class="ticker" href="/stock/uge#NYSE">UGE</a>)
•	Proshares Ultralong Consumer Services (NYSE: <a class="ticker" href="/stock/ucc#NYSE">UCC</a>)
•	Proshares Ultralong Dow 30 (NYSE: <a class="ticker" href="/stock/ddm#NYSE">DDM</a>)
•	Proshares Ultralong Financials (NYSE: <a class="ticker" href="/stock/uyg#NYSE">UYG</a>)
•	Proshares Ultralong Health Care (NYSE: <a class="ticker" href="/stock/rxl#NYSE">RXL</a>)
•	Proshares Ultralong Industrials (NYSE: <a class="ticker" href="/stock/uxi#NYSE">UXI</a>)
•	Proshares Ultralong Oil and Gas (NYSE: <a class="ticker" href="/stock/dig#NYSE">DIG</a>)
•	Proshares Ultralong Nasdaq 100 QQQ (NYSE: <a class="ticker" href="/stock/qld#NYSE">QLD</a>)
•	Proshares Ultralong S&P 500 (NYSE: <a class="ticker" href="/stock/sso#NYSE">SSO</a>)

<a href="http://at.zacks.com/?id=7279">Strong Buy Stocks That Have Tripled the Market. See them for free.</a>

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