As per yesterday’s video, SKF (-2x financial sector ETF) offers an objective long entry or start to a scale-in for shorting the financial sector. Unadjusted price targets on the daily chart below with stops in line with one’s preferred target(s). Daily chart below.

SKF daily Nov 19th

SKF daily Nov 19th

I prefer SKF over FAZ (-3x/short financial sector ETF) for this trade as the 200% leverage is less prone to decay than the 300% ETF should the financials grind around for some time while pounding out a top. Basically, leveraged ETFs can provide returns in excess of the move of the underlying index during relatively unidirectional (mostly straight up or down) trends (rallies & corrections) but tend to suffer from decay during periods of a lot back & forth red & green closes. A detailed explanation of how the leveraged ETFs can work for or against your position can be viewed here.