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Direxion Daily Energy Bull 3X Shares (ERX)

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Last Post: 11/30/2016 10:08:26 PM - Followers: 28 - Board type: Free - Posts Today: 0

ETF Fund Objective: The Energy Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the price performance of the Russell 1000® Energy Index ("Energy Index"). There is no guarantee the fund will meet its stated investment objective. Holdings The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. Propspectus

http://www.direxioninvestments.com/wp-content/uploads/2014/02/ERXERY-Fact-Sheet.pdf

Principal Investment Strategy. The Direxion Daily Energy Bull 3X Shares, under normal circumstances, creates long positions by investing at least 80% of its net assets in the equity securities that comprise the Energy Index. The Direxion Daily Energy Bull 3X Shares also will invest in Financial Instruments that, in combination, provide leveraged and unleveraged exposure to the Energy Index. The Direxion Daily Energy Bear 3X Shares does not invest in equity securities. Under normal circumstances, it creates short positions by investing at least 80% of its net assets in Financial Instruments that, in combination, provide leveraged and unleveraged exposure to the Energy Index, and the remainder in Money Market Instruments. On a day-to-day basis, the Direxion Daily Energy Bull 3X Shares also holds Money Market Instruments.

 

News: http://www.wtrg.com/

Perf Chart comparing The index to ERX

Perf Chart for ERX

 

 

A major component of this fund is DIREXION ENERGY INDEX SWAP

What is an Energy Swap (ES) transaction?
     An ES transaction is an agreement between you and the Bank to swap a floating price for a fixed price for the underlying commodity. ES transactions allow you to achieve a fixed price, being your level of commodity price protection, for an agreed quantity of a commodity on an agreed future date that is more than 1 month (but not more than 2 years) after the trade date.
     The floating price or commodity reference price in an ES transaction is based on the settlement price of an agreed futures contract for the underlying commodity on an agreed futures exchange or on the settlement price quoted in an agreed trade journal for the underlying commodity.
      The fixed price is determined by the Bank. The commodity reference price applicable to a pricing period is calculated using the average rate method. Under this method, the sum of the daily settlement prices of a particular futures contract or the sum of the daily settlement prices quoted in an agreed trade journal on each business day in the pricing period is divided by the number of futures or trade journal business days in the pricing period.

Matthew Frailey daily

http://wiki.fool.com/How_to_Calculate_Overnight_Index_Swap_(OIS)

Big Cap 3x Bull (BGU) | Big Cap 3x Bear (BGZ) | Small Cap 3x Bull (TNA) | BGU-BGZ-TNA |  | MajorMarket board
Energy 3x Bull (ERX) Energy 3x Bear (ERY) Financial 3x Bull (FAS) | Financial 3x Bear (FAZ) 

   

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#576   broke out of that channel! zsvq1p 11/30/16 10:08:26 PM
#575   About time for a beat down. Fill that zsvq1p 11/17/16 10:29:33 AM
#574   About time for a beat down. Fill that zsvq1p 11/17/16 10:29:22 AM
#573   About time for a beat down. Fill that zsvq1p 11/17/16 10:29:21 AM
#572   Oil prices dip on persistent fuel supply overhang zsvq1p 11/11/16 06:41:59 AM
#571   Playing the Gaps.. Time to sell and buy zsvq1p 11/11/16 05:18:07 AM
#570   Playing the Gaps.. zsvq1p 11/07/16 10:37:08 AM
#569   "I wouldn't be surprised if by the end zsvq1p 11/02/16 01:23:58 PM
#568   Well this triggered a buy.. We'll see zsvq1p 11/01/16 02:49:47 PM
#567   Buy the rumor sell the fact. Next big zsvq1p 10/31/16 08:13:27 AM
#566   I hope you didn't jump ship.. zsvq1p 10/31/16 08:05:04 AM
#565   Who did this? zsvq1p 10/31/16 08:02:32 AM
#564   Accumulate and sell at gaps zsvq1p 10/31/16 07:55:36 AM
#563   Channel trade... zsvq1p 10/31/16 07:44:36 AM
#562   Inverse H&S? zsvq1p 10/31/16 07:39:03 AM
#561   Gaps have always seemed to fill... zsvq1p 10/31/16 07:31:53 AM
#560   This ETF is based on stocks.. leveraged. zsvq1p 10/31/16 07:22:25 AM
#559   Supply and demand zsvq1p 10/31/16 07:14:04 AM
#558   ERX definitely has a channel headed upward... Pro-Life 10/29/16 04:07:42 PM
#557   jeepers... what a jump on Saudi production cuts, Pro-Life 09/28/16 05:18:36 PM
#556   Saudi Arabia Burns Through Foreign Reserves As Oil zsvq1p 08/31/16 10:12:06 AM
#555   Slowdown in Oil Finds Raises Alarm Over Supply zsvq1p 08/30/16 12:40:06 PM
#554   This Will Be the Last Time Down for Oil zsvq1p 08/27/16 05:09:05 AM
#553   The chart here reminds me of gold after Pro-Life 08/12/16 06:15:37 PM
#552   Hi zsvq1p Toofuzzy 08/12/16 09:58:40 AM
#551   Game of Chicken Continues Among Oil Producers zsvq1p 08/12/16 04:55:53 AM
#550   ERX bullish 30.67 stocktrademan 07/21/16 01:58:56 PM
#549   A good run stalling... on the sidelines for now. Pro-Life 07/10/16 09:41:43 AM
#548   Oil prices heading toward $40. Here’s when: Analyst zsvq1p 06/11/16 04:50:41 AM
#547   Channel Hit a resistant yesterday so we could see zsvq1p 06/09/16 07:22:21 AM
#546   Gaps They have worked in the past and might zsvq1p 06/09/16 07:14:39 AM
#545   American oil's 'sleeping giant' is about to spring zsvq1p 06/09/16 07:09:41 AM
#544   Harry has posted Charts of the Day video thetechtrader 06/08/16 08:41:57 AM
#543   Dollar vs oil zsvq1p 06/07/16 03:22:12 PM
#542   Al-Falih said. “We see supply and demand converging.” zsvq1p 06/04/16 04:55:01 AM
#541   Ahead of Meeting, OPEC Seems Close to Riding zsvq1p 06/01/16 07:26:21 AM
#540   Not sure when the bull ends but the Pro-Life 05/21/16 11:46:38 PM
#539   If I was Saudi Arabia I would have Toofuzzy 04/10/16 06:16:42 PM
#538   Saudi Oil Gambit Moves to Phase Two zsvq1p 04/10/16 10:43:25 AM
#537   Weeeeeeee dannyzee84 03/17/16 12:38:06 PM
#536   Looking for a double bottom confirmation Read-Dark Pool 02/03/16 04:24:18 PM
#535   The rally in crude oil? Shale will cap zsvq1p 01/29/16 04:57:25 AM
#534   Believe these guys ? zsvq1p 01/29/16 04:50:09 AM
#533   Before March 18 ;) still have my 20 dannyzee84 01/26/16 04:26:12 PM
#532   that 22 will fill imo.. not sure when? zsvq1p 01/26/16 02:09:27 PM
#531   March will be good for oil in the dannyzee84 01/26/16 12:47:17 PM
#530   I've got some small shares of ERX.. Flipping zsvq1p 01/25/16 03:29:50 PM
#529   Starting to place funds back into OIL/ERX. surf1944 01/25/16 03:07:45 PM
#528   How can you not think oil will go zsvq1p 01/25/16 02:58:00 PM
#527   More Boomage dannyzee84 01/22/16 09:25:06 AM
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