2 Winners To Sell, 2 Dogs To Consider
By Rocco Pendola:In some cases, a screen for year-to-date performance makes me feel like we experienced the great head fake of 2012 in January. The extremes on both sides of the market make me quite contrary.In this article, I look at some of January's biggest winners and losers, highlighting the pops to abandon and the drops to consider.Consider. ProShares UltraPro Short QQQ (SQQQ). Down 21.8% YTD.I pull the short Qs from the relatively long list of bear ETFs getting pounded during this month's largely bull run. You've got to be careful with inverse ETFs, particularly ones like SQQQ, which goes for 3X the opposite performance of the Nasdaq 100 index (QQQ) on a given day. As such, I cannot necessarily get behind going long SQQQ (or shorting when times are good), unless you're incredibly nimble with a healthy appetite for risk.That said, as fellow Seeking Alpha contributor KimComplete Story »
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