The UltraShort Oil & Gas Proshares (DUG) is a looking somewhat attractive. The ETF tracks the inverse of the DowJones Oil & Gas Index times 2. It is volatilte but with the current headlines reading "The Oil Crisis in America" the sector and commodity may be getting close to a high. Why? Just looking on the contrarian side of the market and seeing that the recent highs in crude may be froth and not fundamental. But in case I am wrong and Boone Pickens in right with $140 + oil we are selling the June 24 Puts.
The ETF has resistance up at $28.75 and then more at $33 (the 50 DMA).