God Bless the U.S. Financial Sector (UYG, XLF, SKF), UYG, FAS

U.S. financial stocks have been taken to the cleaners lately, its why the Masters have had eyes on three of the most popular financial ETFs trading. The weapon of choice this past week has been the bearish ProShares UltraShort Financials (ETF) (NYSE:SKF) made famous during the last market meltdown. However now that everything has been to hell and back the bullish ProShares Ultra Financials (ETF) (NYSE:UYG) and Financial Select Sector SPDR (ETF) (NYSE:XLF) are ticking higher.

Betting on these ETFs is about as stable as the once famous relationship of Bobby Brown and Whitney Houston. However at some point the Powers-that-be are going to say the U.S. financials have hit bottom.

HELL TO THE NO

Despite today's 14.5% rally in the ProShares Ultra Financials (ETF) (NYSE:UYG), the fund has lost 29% since July 27th. The UYG has gone from over $60 a share just a few weeks ago to $45 today. The XLF has lost 16% since July 27th, its not as risky as the UYG. The ProShares Ultra Financials (UYG) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Financials Index. The XLF is less risky as its results that correspond to the price and yield performance of the Financial Select Sector of the S&P 500 Index.

The Masters do not play around with the 3X bullish and bearish financial ETFs such as the Direxion Daily Financials Bull 3X Shs(ETF) (NYSE:FAS). Its crazy to consider you would pour your IRA money into a risky 3X ETF, the swings can wipe out your savings in a matter of days.