Time to Pounce on Bargains?

In the article ETF Advisers: One Day Is Not A Trend, Investors Business Daily‘s Trang Ho talks to technical analysts and money managers to get their views on where the market goes from here.

The consensus seems to be that as long as we have volatility that generates 10% swings in a day, we’re still in a bear market. One manager has been betting against the NASDAQ since the beginning of the year with the ProShares UltraShort QQQ (QID) an ETF that doubles the inverse returns of the Nasdaq 100 index.

The same manager sees upside potential in the dollar, which is playable via PowerShares DB U.S. Dollar Index Bullish (UUP).

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