The Best Way to Break in a Brand New Baseball Glove

The glove is the ultimate defensive weapon of a fielder and although infielder and outfielder gloves are different in size, and the first base glove and catcher mitt is in a league of their own, there are certain basic methods for breaking a new glove in.There are many factors which affect the methods and quickness of breaking a glove in, such as quality of leather, softness and type of leather, web design and what the fielder feels they require in order to maximize its effectiveness.Although every one seems to have a secret formula, or knows someone who has a secret formula for breaking in a glove, we’ll explain the two most common methods in this article.The first method is of to follow the manufactures’ directions and follow their instructions, but for some reason we don’t think, that includes me most of the time, they know what they’re talking about.So we’ll proceed to the next method. The softness of the leather is directly associated with the cost of the glove, as a $500 glove will be much softer than a $100 glove. The reason I mention this is the first thing a player wants to achieve when breaking in a glove, is to create a pocket, which only use will accomplish, but the softness of the leather hastens the procedure.Here is a partial list of products which help soften leather, there are probably more, but these will suffice and are readily available.* Foaming Shave Cream
* Vaseline
* Saddle Soap
* Mink Oil
* Tanners Glove OilOne thing to be conscious of More is not always better, as some players will slop the oil all over the glove which only quickens deterioration and makes a slimy mess. Rather use a soft cloth and wipe small amounts of whatever leather softener you’re using into the leather until it disappears, then wipe off any excess which is not absorbed.Forming the pocket is the next step and there are several methods for accomplishing this. Playing catch, using the glove, is by far the best method to use, but sometimes it may be difficult to locate a throwing partner, which is why I include the following alternatives.* Use the batting cage. As the name indicates the original intended purpose of a batting cage is to help learn to hit, but it’s not the sole reason. There is nothing better than catching 50 – 100 70 mph fastballs to help form a pocket and do it quickly.* There is an old fashioned method, which is also effective in producing a pocket, and that is to work the leather softening agent into the leather, place a baseball (or softball if that’s your sport) into the pocket, fold the glove and tightly tie it together with a shoestring or rubber band. This may sound a little bit like baseball voodoo, but they do make devises specifically for this purpose.Remember, “more is not better” and use of the glove, no matter the grade of leather, will produce the desired results.

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Doing Business in Cancun, Mexico

Many people from all over the world come to Cancun and the Riviera Maya in search of business opportunities. It is easy to be dazzled by the splendor of sprawling luxury resorts and white sand beaches that stretch for mile upon mile down the coast, but anyone coming here to prospect for business needs to look beyond this, and at the same time see it for what it really is. The Mexican Caribbean is a tremendous tourism draw and is in the first place in all of Latin America for foreign visitors each year, which translates into billions of Dollars being generated, both in tourist spending and tourism infrastructure, such as hotels and real estate developments, as well as the consumption of goods and services of a city of nearly 1 million inhabitants.The reality here, is that all business is ultimately dependent upon the stream of tourism; there is no manufacturing of any kind nor are any products made, other than some negligible amount of handicrafts. Cancun and the Riviera Maya are voracious consumers of goods and services, but do not generate a product outside of being a major tourist destination with attractive and varied real estate offers. To illustrate this point, there is an ocean container ship that arrives each Thursday in Puerto Morelos (10 miles south of Cancun) loaded with full containers of goods coming from Miami, but it always leaves empty, or nearly so. There is a lot coming in, but virtually nothing being shipped out.Anyone casting an eye on the area for business, needs to know that there are really two main areas that have enduring potential: Tourism/Entertainment and Real Estate and its ancillary services. Once this is clear, then there are many attractive opportunities at hand, and fortunes to be made. Naturally, being a city of nearly a million people, there are also business opportunities in everything from retail commerce to providing any combination of goods and services to the local population. Cancun has good communication infrastructure and is a powerful brand recognized throughout the world. While learning to do business in Mexico can be challenging, there are also many rewards to be reaped for those with intelligence and perseverance.Living on the beach year round may also be a great reason to move here and grow your business. If you are ready to test the waters, an excellent option for short term affordable housing with available business services in the same building is Art Deco Suites. Having a safe and clean place to base yourself while you get your bearings in a new environment is key. Art Deco Suites provides tastefully appointed and completely furnished Suites right in the heart of downtown Cancun and include free wireless broad band internet access, unlimited calling to the US and Canada, as well as a large conference room, and short term furnished office space and bilingual secretarial services by the day.

Last Minute Travel And How To Find The Best Cheap Travel Deals

Sometimes if time is on your side the very best way to travel is Last Minute Travel. You can often find the very best cheap travel deals this way. Often you can find many such deals to even faraway places like Malaysia or Singapore or even some of your other dream locations. In fact more often than none the faraway places offer the best value for money when it is a last minute travel deal.Reasons Why Last minute travel deals are so good include:-

Because someone else has already paid for an expensive travel deal you can reap the rewards and even grab a bargain, because the travel company has already made their monies. The original buyer has canceled, thus the travel company no longer needs to make such a huge profit on the holiday as they have already made these profits from the original buyer. This is one of the ways you can grab great holidays at bargain prices.
You can often also benefit from holidays in 4 or even 5 star resorts, often at 2 star prices
There is also another very good reason why you would choose last minute travel over regular travel and this is because you can often get great travels deals to those far and away dream locations for small monies, that would usually only pay for a short stop holiday.
You can also usually get lots of extras thrown in for no extra monies like free transfers to and from the airports or even extra baggage allowances.
Disadvantages of Last minute travel include:-

You are limited to which hotels and resorts that you stay at due to the holiday usually being someone else’s booking.
Often the prices don’t include hidden costs including airport transfers and extra luggage costs
The dates are usually restrictive, because the holiday was previously booked for someone else’s timetable; these dates are not negotiable because they are the only ones available for the stated price.
Often the prices are based on 2 or 4 people sharing, Depending on how the original buyer booked their holiday will usually dictate on the board basis. Sometimes the prices stated are based on 2 people or even 4 people sharing and sometimes this can even be 6, however in this case they will usually allow the holiday to be split into 2 groups depending on how the accommodation was originally booked in the first place.
Even though Last Minute travel can sometimes be a little restrictive it can often be a very convenient and very cost effective way of traveling, as you can see above there are some very good reasons why people choose to travel at the very last minute, sometimes even booking the same day of travel. So if you are brave enough and you have a flexible holiday schedule at work or school why not try and book a holiday the last minute travel way and save yourself and your family a small fortune.

Instant Cash Payday Loans – Why They Make Sense

Most of us at one time or another will encounter a short-term financial situation that needs the injection of some cash to resolve. Maybe you need such a small amount of money that it does not make sense borrowing it over a long period, but the lenders will not allow you to borrow money for such a small amount of time. So what are you to do now, if your car is in need of repair and you have not got the money to repair it? This is where payday loans come in.A payday loan is designed to help people overcome short-term problems; as such they are only available for small amounts up to £750. However some lenders will actually restrict the amount that you can borrow the first time that you apply. Once the loan is repaid in its entirety on your next payday, they will then allow you to borrow more the next time you need any money. The lenders fees are simple and straight forward with a simple percentage added to the amount that you borrow. This means that you know exactly what the loan will cost you to repay, even before you apply, because there are no other hidden costs or admin fees.On successful completion of your loan the money is normally paid into your bank account on the same day that you apply, quite often without the need of any faxes or post. However in some cases where the lender is unable to confirm your details automatically they will request that you fax in some simple documentation to prove you are who you say you are.The lenders do what they can to make sure that they will only lend money to people who they think are able to repay them on their next payday. They do this because if you repay the loan on full at the end of the month then a payday loan is a viable option. However if you roll the loan over to another month or more, then you may as well have taken out a more long-term loan in the first place as that would then become a more cost effective alternative.So why do payday loans get so much bad publicity?The main reason that payday loans get as much bad publicity is because most people only look as far as the advertised APR (Annual Percentage Rate). What they should be doing is looking at what the loan is going to cost them in real terms, by looking at the total interest that is charged.So what is APR?The APR is the interest rate and any other charges expressed as an annual interest rate charge. The use of an APR is a useful way of comparing loans that are alike i.e. paid back over a longer period of time. But when you are comparing products which are miles apart such like payday loans with only one repayment or any other loan type that is repaid over numerous monthly repayments.See the details below which should make it easier for you to understand this;With a personal loan for £500 which has an APR of 19.9% taken out for 36 months will cost a total of £653 to repay; this equates to 31% being added to the cost of the loan in interest charges.If you were to take out the exact same loan but this time for 60 months it would cost a total £766 to repay the loan; this equates to an interest charge or 53% of the loan amount.Yet if you were to take out a payday loan for the same amount it would only cost you £625 to repay at an APR of 1737%; this equates to 25% being added in the way of interest.As you can see from the examples detailed above the APR for the two multiple repayment loans are exactly the same, yet the amount repaid and the actual interest charged expressed as a percentage of the amount borrowed is significantly different. They both also cost much more than a payday loan yet the APR indicates a totally different story.So if you need a small amount of cash to overcome a short-term financial issue ignore the APR and look at what the loan will actually cost you. You will then see that a payday loan is in fact a very competitive option indeed.

How to Design a Long Narrow Garden

The main problem with long narrow gardens is that they can feel like you’re standing in a corridor. In a long, narrow garden your eye is drawn straight to the boundaries making the space seem small and claustrophobic. This type of garden does not invite exploration and the furthest parts of the garden often remain dark, dank and unused. Counteracting the claustrophobic feeling and giving the impression of greater space and depth are the main challenges when designing a long, narrow garden.There are three main ways to deal with the problems of a long-narrow space. One strategy involves changing the perceived shape of the garden and tricking the eye into focusing away from the garden boundaries. Another method is to introduce drama by creating a more complex journey around the garden. The third way is to draw the eye upwards by introducing vertical elements that open up the garden by giving the appearance of more height.Although it seems counter-intuitive to close off a garden that is already feeling cramped, dividing the garden into separate areas is a very effective way to design a long-narrow garden. Creating separate garden rooms each with its own distinct character makes people want to use the whole garden and explore the next room. The garden will become more useable because each room has its own purpose. Breaking up the space is a great way of stopping the eye from immediately alighting on the rear boundary. This strategy creates a more stimulating journey and encourages exploration of the garden.Walls work well for creating garden rooms, especially if they have a window offering a tantalizing glimpse through to the next room. However, brick and block walls are expensive to build and other methods of dividing the space can be just as effective. Clipped hedges, pergolas, or a simple screen of posts and trellis with an archway through all make good partitions and may be more appropriate for the style and setting of the garden. Railway sleepers set on end like a huge vertical blind create a dramatic garden screen.The transitions between the garden rooms provide another opportunity to add visual and vertical interest. Circular moon gates add striking architectural detail, they also give height and their shape is excellent for focusing attention inside the garden. An arched doorway cut through a clipped hedge creates a dark outline that cries out to be explored.Circles and curves are a great for directing attention where it is desired. Using circular shapes for lawns and seating areas focuses the eye into the centre of the garden. An ‘S’ shaped path will draw attention away from the boundaries and give a more interesting journey through the garden. Placing some taller plants or trees in the deep curves of the ‘S’ creates informal divisions and stops the eye.Another design strategy that tricks the eye and creates a more exciting, indirect route around the garden is to set the plan on the diagonal. The lines of paths, lawns and borders set at 45 degrees to the boundaries draws the eye across the garden and gives the impression of greater width. Using zig-zag paths will provide a meandering walk around the garden.There are many different ways to create height in a garden, it can be done simply by including trees and taller plants. Pergolas are useful for creating instant vertical focus, they can be used as room dividers and give extra space for planting which is especially useful in a small garden. Clipped, formal hedges are also excellent for creating height, as a backdrop for planting and as walls for outdoor rooms.Long narrow sites can make fabulous gardens, but like any tricky space they need a good design that addresses all the practical issues, and includes a bit of wizardry to make them comfortable and inviting spaces to spend time in.

Want More Clients? Do You Need to Fix Your Marketing or Your Sales Process?

I spent the last week at a conference and had the opportunity to speak to lots of small business owners about what was working, and what wasn’t working in their business. A lot of entrepreneurs were saying that even though the overall trend was an increase over last year, they are still looking to increase their revenues even more.I found it interesting to listen to what they thought was preventing them from achieving those goals. The two topics that come up most often in these discussions are marketing and sales. The thing is that I think there are a lot of entrepreneurs who don’t understand the difference between marketing and sales, and how one impacts the other.Here is a simplistic way of explaining it. Marketing is what happens before a client contacts you. It’s what you do to increase awareness so that people know who you are and what you do. Sales starts once the client contacts you asking for information about working with you. It continues from the initial contact until you have their credit card number and their signature on the dotted line.Once you have the sale closed, I would say marketing kicks back in again (though I know many people feel that the service you do after the sale is a continuation of the sales process – and I can see their point on that!). The reason I feel like it is marketing is that you are now setting the stage for repeat and referral business. In my opinion, that’s marketing.So basically MARKETING is the process of getting your name out in front of more potential clients, of letting them know you exist and how you can help them. SALES is the process of closing those potential clients who raise their hand and say “hey, that sounds good! I’m interested in that!” You could certainly break things down even further, but for now let’s go with that idea, OK?So what’s your problem?When you look at your business, ask yourself a couple of questions:

How often are you getting new inquiries or quote requests?

Does your phone ring fairly often?

When you do get an inquiry, is that person the “right fit” for your business?

Once you reply to the inquiry, how often are you closing the sale?

How hard do you have to work to close the sale with that prospective client?
It’s your marketing… If you aren’t getting many inquiries, it’s fairly easy to see that you have a marketing problem. You aren’t doing enough to let people know you, and your business, exist and that you can be of service to them. In this case, your marketing problem is generally pretty simple – it probably means you just aren’t doing enough marketing! No one tells you that when you open your business, you aren’t just becoming a business owner, you are also becoming a marketer… but it’s true!Not getting enough inquiries is not the only sign that you have a marketing problem. If those leads aren’t coming in the way you want them to, if the people contacting you aren’t your ideal clients or if you are just flat out having to work really hard to close the sale, then your marketing just isn’t getting the job done the way it should.Really great marketing will filter your clients for you. It attracts your ideal clients and draws them in. They see it and they think, “YES! I want that!” or “I need her!” It gets you half the way down the sales path because they have already “self selected” and decided that they want to work with you. It’s almost as if your marketing handles a good bit of the client qualification process for you.At the same time that your marketing is attracting your ideal clients, it should also be repelling those clients who you just don’t want to work with anyway. They should see that same message that makes your ideal client anxious to talk to you and think, “why on earth would anyone want THAT” and toss your ad in the trash.Far too many entrepreneurs get worried about appealing to everyone or saying something that is off putting to some people. My answer to that is that this is actually a GOOD thing. Those aren’t the clients you are meant to work with anyway!How do you fix it?If you are experiencing these marketing problems, you need to sit down and take a good hard look at your marketing message.

Do you know exactly who your ideal client really is? (hint: if your answer is a vague as “moms of preschoolers” or “baby boomers” then the answer is no, you don’t know exactly who your ideal client is!)

Are you able to clearly articulate what it is that you do for them, why they should work with you? (Another hint: if the answer is “I give great customer service,” or “I have 25 years of experience in the industry,” that’s not thought out enough).

Are you making sure you don’t put all of your eggs in one basket? You should aim to hit them with your marketing message in at least 3 different places at the same time whenever possible.

Are you marketing consistently and regularly or only here and there?
It’s your sales process… Now if you are getting a lot of inquiries from all of the right people but they just aren’t converting into sales, then you have a sales problem! At that point, it’s time to sit down and evaluate your sales process.For the next month, keep track of the number of inquiries you get and the number that you actually close and book. Keep a spreadsheet or a chart that tracks your leads and sales. Once you have that information, you can figure out what percentage of sales you are closing. No one is going to have a 100% close ratio, but if you are closing less than 50% of the prospects you work with, there is definitely significantly room for improvement in your process!How do you fix it?

Review the “script” you use as the basis for your conversations. Don’t have one? Well, that might just be your problem!

Take a good look at your qualifying questions. Are you getting the info you need?

Review the emails you’ve sent during the sales process, do they have a really clear call to action on what the client needs to do next to start working with you?

A BIG but really basic thing that I see happening a lot… are you actually asking for the sale? I’m always amazed at the number of people who present the perfect plan but then close the conversation with “so take a look at this and let me know if you have any questions. OK?” and never actually ask for the sale!

Review your follow up procedures. Chances are you aren’t following up enough!
So here’s your homework… Set aside some time to look at your business this week and see where you can find room for improvement. No matter how successful you are, we can ALL find somewhere we can be doing better! Pull out your marketing plan for the last year, review your materials and your message. Look at your sales process. Review those scripts and templates and see if you can adjust the language a bit to appeal more to your ideal clients. Practice a “closing the sale” conversation with a friend or colleague and ask for feedback. You’ll be glad you took the time to do this when you see your revenues increase as a result!

Pet Vets and Groomers Go Mobile: What It Means for You

In the digital era, there are some pet services whose online optimization is obvious. The ease of ordering food online has opened up every home to top-quality brands and ingredients not available in their neighborhood, for example, and mobile booking for dog walkers is as intuitive as using an online service to find a babysitter.

Recommended site: Mobile Pet Grooming Phoenix

Like the home-visiting doctors of old, mobile veterinarians offer comfort for your pet without the distress of an office visit. There’s no need for a waiting room crowded with other animals, unfamiliar bright lights and tile floors, or the whole new array of smells the vet’s office has to offer.

The New York Times refers to these home visits as “fear-free” veterinary care. It’s a name taken after the company, Fear Free, who first began certifying veterinarians, technicians, and staff for these low-stress, at-home visits. The approach takes advantage of your animal’s tie to their natural environment and allows them the respect of undergoing stressful veterinary care without the additional demands of a road trip.

Recommended article: Fear-Free Pets Make for Happier Pets, and Owners

Respecting our pets and their comfort allows them to be at their best. Often, an animal will be reported to have behavioral problems, when the real problem is rooted in their own boundaries being crossed. At-home visits prevent high anxiety, rapid adjustments to new environments, and, some would argue, trauma.

And allowing your animal to be at their best isn’t just beneficial to them. A calm, at-home pet is an easier client for vets and groomers to work with and reduces your chances of being responsible for an injury or bite. Lowered anxiety levels may even have long-term impacts on your pet’s health. Much like with humans, an animal’s anxiety levels can worsen their health over the broad course of their lifespan. Findings reported by Dr. Gary Landsberg suggest lowered anxiety can help curb preventable gastrointestinal problems, respiratory problems, immune system problems, inhibited wound healing, and even rapid aging.

Mobile pet services are rapidly expanding. According to a report by Spot Pet Insurance, those services now include:

Wellness exams
Vaccinations
Spay & Neuter Services
Skin & Ear Problems
Allergies
Fecal & Heartworm Tests
Blood Profiles
Minor Injuries
Health Certificates
Diagnostic Testing
Much like with veterinary care, we ask a lot of our pets on visits to the groomers. Good behavior is competing with new environments, new smells, other animals passed on the way in and out, and the stress of a car trip there. In fact, many of the stressors that arise from a visit to the groomer’s are identical to those surrounding a vet visit.

Suggested site: Mobile Pet Grooming Tucson

Some stressors can’t be removed. In the case of both medical care and grooming, your pet will need to tolerate a minimally invasive, but still invasive, treatment of their body. A good vet and a good groomer alike have respect for your animal and their boundaries, while still doing what they need to do to provide the best standard of care.

But we, the owners, have the power to keep our pet’s stress to a minimum.

A quick online search will turn up thousands of articles for helping young children through transition time, doctor’s visits, and first haircuts. Discussions dive deep into issues of consent, respect, and understanding the sheer number of sensory demands on the child at any given time. It’s time we gave our pets the same respect, and mobile visits—limiting that stress too, at least, the comfort of their own home—are a massive stride forward.

S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.

SPDN: An Inexpensive Way To Profit When The S&P 500 Falls

Summary
SPDN is not the largest or oldest way to short the S&P 500, but it’s a solid choice.
This ETF uses a variety of financial instruments to target a return opposite that of the S&P 500 Index.
SPDN’s 0.49% Expense Ratio is nearly half that of the larger, longer-tenured -1x Inverse S&P 500 ETF.
Details aside, the potential continuation of the equity bear market makes single-inverse ETFs an investment segment investor should be familiar with.
We rate SPDN a Strong Buy because we believe the risks of a continued bear market greatly outweigh the possibility of a quick return to a bull market.
Put a gear stick into R position, (Reverse).
Birdlkportfolio

By Rob Isbitts

Summary
The S&P 500 is in a bear market, and we don’t see a quick-fix. Many investors assume the only way to navigate a potentially long-term bear market is to hide in cash, day-trade or “just hang in there” while the bear takes their retirement nest egg.

The Direxion Daily S&P 500® Bear 1X ETF (NYSEARCA:SPDN) is one of a class of single-inverse ETFs that allow investors to profit from down moves in the stock market.

SPDN is an unleveraged, liquid, low-cost way to either try to hedge an equity portfolio, profit from a decline in the S&P 500, or both. We rate it a Strong Buy, given our concern about the intermediate-term outlook for the global equity market.

Strategy
SPDN keeps it simple. If the S&P 500 goes up by X%, it should go down by X%. The opposite is also expected.

Proprietary ETF Grades
Offense/Defense: Defense

Segment: Inverse Equity

Sub-Segment: Inverse S&P 500

Correlation (vs. S&P 500): Very High (inverse)

Expected Volatility (vs. S&P 500): Similar (but opposite)

Holding Analysis
SPDN does not rely on shorting individual stocks in the S&P 500. Instead, the managers typically use a combination of futures, swaps and other derivative instruments to create a portfolio that consistently aims to deliver the opposite of what the S&P 500 does.

Strengths
SPDN is a fairly “no-frills” way to do what many investors probably wished they could do during the first 9 months of 2022 and in past bear markets: find something that goes up when the “market” goes down. After all, bonds are not the answer they used to be, commodities like gold have, shall we say, lost their luster. And moving to cash creates the issue of making two correct timing decisions, when to get in and when to get out. SPDN and its single-inverse ETF brethren offer a liquid tool to use in a variety of ways, depending on what a particular investor wants to achieve.

Weaknesses
The weakness of any inverse ETF is that it does the opposite of what the market does, when the market goes up. So, even in bear markets when the broader market trend is down, sharp bear market rallies (or any rallies for that matter) in the S&P 500 will cause SPDN to drop as much as the market goes up.

Opportunities
While inverse ETFs have a reputation in some circles as nothing more than day-trading vehicles, our own experience with them is, pardon the pun, exactly the opposite! We encourage investors to try to better-understand single inverse ETFs like SPDN. While traders tend to gravitate to leveraged inverse ETFs (which actually are day-trading tools), we believe that in an extended bear market, SPDN and its ilk could be a game-saver for many portfolios.

Threats
SPDN and most other single inverse ETFs are vulnerable to a sustained rise in the price of the index it aims to deliver the inverse of. But that threat of loss in a rising market means that when an investor considers SPDN, they should also have a game plan for how and when they will deploy this unique portfolio weapon.

Proprietary Technical Ratings
Short-Term Rating (next 3 months): Strong Buy

Long-Term Rating (next 12 months): Buy

Conclusions
ETF Quality Opinion
SPDN does what it aims to do, and has done so for over 6 years now. For a while, it was largely-ignored, given the existence of a similar ETF that has been around much longer. But the more tenured SPDN has become, the more attractive it looks as an alternative.

ETF Investment Opinion

SPDN is rated Strong Buy because the S&P 500 continues to look as vulnerable to further decline. And, while the market bottomed in mid-June, rallied, then waffled since that time, our proprietary macro market indicators all point to much greater risk of a major decline from this level than a fast return to bull market glory. Thus, SPDN is at best a way to exploit and attack the bear, and at worst a hedge on an otherwise equity-laden portfolio.