Proshares is now offering 2 new DOUBLE LEVERAGED ETF's covering the Biotech sector.

The funds are:

Proshares Ultra Nasdaq Biotechnology (BIB) and

Proshares Ultrashort Nasdaq Biotechnology (BIS)

The new funds, which began trading April 8th, track the NASADAQ Biotechnology Index which includes AMGN, TEVA, GILD, and CELG as its top holdings.

Just a reminder….These are LEVERAGED (2x) FUNDS in a very volatile sector so make sure that these funds do not excede your individual risk tolerance levels.

Swing Trading Blog Update April 9th, 2010