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 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 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 UUP. To short the euro, investors can buy the 2x leveraged Market Vectors Double Short Euro ETN DRR or the 2x leveraged ProShares UltraShort Euro EUO.
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Posted In: Long IdeasSector ETFsSpecialty ETFsCurrency ETFsForexMarketsTrading IdeasETFsMay Jobs Report
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