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Some ETFs with Major Momentum

 
 
 

LABD, ETFs Biotech Real Estate Gold Semiconductor

The Biotech, Real Estate, Gold Bear ETFs are hot right now.

Released on Saturday, October 15, 2016, 4:30 PM ET
by Email Russ UrbanContact SpeculatingStocks

Pittsburgh, PA (SpeculatingStocks) - With the market in flux with the Election ahead and off all-time highs, it's important to look at what ETFs are doing to get a clearer picture of the stock market.

Bear ETFs have been seeing the best returns as they should with the market dropping. The Bear ETFs with the most momentum are:

The Direxion Daily S&P Biotech Bear 3X ETF (NYSE:LABD) has climbed from approximately $16.00 in late September to a close of $23.22 on Friday. It's pretty clear why the Biotech Bear has been going up with Clinton ahead and the polls. She is clearly negative for the Biotech sector with her comments last year and this year about high pharmaceutical prices and seemingly looking to do something about that situation.



The Direxion Daily Gold Miners Bear 3X ETF (NYSE:DUST) has climbed from under $25 in August to a high recently of over $50. Gold has had a tremendous run moving from under $1060 to as high as $1365 in early July. Gold now rests at just above $1250. With Clinton ahead in the polls, there's less demand for a safe haven like gold since the status quo likely to remain.

The Direxion Daily Real Estate Bear 3X ETF (NYSE:DRV) has moved from $10.50 in late July to a high recently of over $14.50. Real estate was extremely hot, but it has cooled off and there is speculation out there that the real estate industry could cool further.

A bullish ETF with momentum is the Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL) with SOXL moving from under $22 in May to $43.63 currently. Tech is hot again with hardware startups and established tech players doing all kinds of great things from Virtual Reality to Internet of Things to Drones. What do these all need? Semiconductors. It is not surprising to see the brains behind the technology moving ahead on all the innovation going on in the World right now.

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⇒ About the Author of this News Article:

Russ Urban has been following the stock market for over 17 years and holds a Bachelor's Degree in Finance. From a young age, he watched CNBC with a keen eye and became obsessed with the market and technology. Russ Urban has written hundreds of stock articles and stock picks through the years since he founded SpeculatingStocks.com, Inc. in 2006 and holds strong faith in the power of the markets and capitalism.

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