Trade Set-Up: IBB NASDAQ Biotech Index (short)

I'm going through my watch list as fast as I can and one just jumped right our, IBB, the NASDAQ Biotech ETF, the leveraged long is BIB and the 2x leveraged short, the trade I'd be interested in going long is BIS.

Take a look, I'll have some charts out in just a few minutes.

I do prefer the BIS long (2x short IBB) equity position over options as a trending trade or core short position, remember though BIS is a 2x inverse or short the Biotech Index, if you wanted to short the Biotechs with 2x leverage, you'd buy BIS.