Bear Market Indicator ‘Death Cross’ Makes Ominous Appearances

Nyardi says that for "ETF investors, there are possibilities for profit, as always, as one can look at each of these sectors and still find opportunity."

"For the most sophisticated investors and traders, inverse ETFs, put options or shorting individual stocks could be an appropriate strategy, while for the more conservative investor, positions in the defensive sectors could be a good choice, allowing overall exposure to equities while striving to limit potential downside risk," he says. "Another option would be to buy put options on current positions as insurance against further downside moves. Many investors have also chosen to move assets to cash, because in bear markets, cash is king."