With the S&P 500 soaring to start 2019, SH is off 2.65% over the past week, but the inverse ETF could merit attention over the near-term.

“Still cautious on U.S. stocks is Morgan Stanley’s Mike Wilson. The firm’s chief U.S. equity strategist recently warned clients that Apple Inc.’s cut to its revenue forecast and a slide in a gauge of U.S. manufacturing could just be the start of a raft of negative news to come,” according to Bloomberg.

For more aggressive, risk-tolerant traders, leveraged alternatives to SH include the ProShares UltraShort S&P500 ETF (NYSEArca: SDS), which tries to reflect the -2x or -200% daily performance of the S&P 500, the Direxion Daily S&P 500 Bear 3x Shares (NYSEArca: SPXS), which takes the -3x or -300% daily performance of the S&P 500, and ProShares UltraPro Short S&P 500 ETF (NYSEArca: SPXU), which also takes the -300% daily performance of the S&P 500.

For more on leveraged & inverse ETFs, please visit our leveraged & inverse channel.

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