Those mindful of recent support in the SPX and willing to play the long side in short term directional trading strategies, may turn to SSO (ProShares Ultra S&P 500), UPRO (ProShares UltraPro S&P 500) or RSU (Rydex 2X S&P 500).
Similarly, those whom follow the RUI (Russell 1000 Index) as their large cap benchmark of choice, will notice that the index fell through its 50 day moving average yesterday as well and closed lower. BGU (Direxion Daily Large Cap Bull 3X) delivers three times the daily returns of the Russell 1000 Index and may appeal to those looking for a short term bounce in the markets following the recent weakness over the past five days.
S&P 500
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