5 Consumer Stocks to Short
Michael Shulman, June 17, 2009
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Stock to Short #5: Consumer Discretionary SPDR (XLY)
The Consumer Discretionary SPDR (XLY) is the exchange-traded fund (ETF) for consumer discretionary spending. Put options on this ETF work better than inverse ETFs for consumer goods or services.
I suggest buying January 2011 LEAPS. But wait for the ETF to break below its 50-day moving average, which will probably happen by mid-summer, and certainly long before January 2011.
For more great trading ideas, see:
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