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Has been way oversold, plenty of more room to run higher
No doubt! Looks like it still has some strong momentum too
What a beast of a move lately
Just hold on to GUSH and you'll have your double bagger.
Gitty UP!!!!!
CRUDE BOTTOM
NRGU 2.26
UCO 12.82
ERX 11.43
TOTAL 26.51
Last 2 weeks in May. That is when I will finish my buying.
Week of Apr 20 start small position
Week of Apr 27 continue total 1/6th
Week of May 4th at least 1/3 position
Week of May 11th major purchase 30%
Week of May 18th major purchase 30%
Week of May 25th finish purchase 6%
NRGU 3X 50% __________________________________________
UCO 2X 25% ____________________________________________
ERX 2X 25% _____________________________________________
2.5X
Conservatively WTI $15.00 to $25.00 Selling week of June 1st.
40% X 2.5X gives you a double (bagger).
Hi johncm
Been reading your post on here and seems you know your stuff regarding this topic
Been looking at 3x long on oil but like you said most are wiping out or no longer trading....
Is this Gush the play..? I really cant find any or confused.
I appreciate any help sir
Thanks
I would like to look into the tankers.
DHT FRO
CRUDE BOTTOM
NRGU 2.26
UCO 12.82
ERX 11.43
TOTAL 26.51
Last 2 weeks in May. That is when I will finish my buying.
Week of Apr 20 start small position
Week of Apr 27 continue total 1/6th
Week of May 4th at least 1/3 position
Week of May 11th major purchase 30%
Week of May 18th major purchase 30%
Week of May 25th finish purchase 6%
NRGU 3X 50% __________________________________________
UCO 2X 25% ____________________________________________
ERX 2X 25% _____________________________________________
2.5X
Conservatively WTI $15.00 to $25.00 Selling week of June 1st.
40% X 2.5X gives you a double (bagger).
and when I am playing them that is generally what I do
not always but generally
same with the 2 dozen or so stocks that I trade regularly. work both sides
That's the beauty of an ETF. You have BULL and Inverse, without "shorting" a stock.
ETF Bull and Bear Discussion Board
I love it, I don't invest (especially in ETF's) so all of that is only icing on the cake for me
I love it when a company or an ETF tanks, usually means it will bounce at some point
my call would be because it was sold off as an over reaction to the plunge in oil... not that it wasn't warranted but I think the market is fickled and tips far to far in either direction
Why is GUSH taking off?
Index Sector Weightings %
Oil & Gas Exploration & Production 76.77
Oil & Gas Refining & Marketing 16.30
Integrated Oil & Gas 6.93
Index Top Ten Holdings %
WPX Energy 2.80
Whiting Petroleum 2.76
Apache 2.66
EQT 2.60
Callon Petroleum 2.52
Range Resources 2.50
Concho Resources 2.47
Noble Energy 2.46
Eog Resources 2.46
Devon Energy 2.46
The S&P Oil & Gas Exploration & Production Select Industry Index (SPSIOPTR) is provided by Standard & Poor's Index Provider and includes domestic companies from the oil and gas exploration and production sub-industry. The Index is designed to measure the performance of a sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (GICS).
are you asking me why you didn't or are you asking me why you didn't
Why did I choose not to use GUSH?
now that sounds like a plan, I hope it works out for you
I caught the premarket at 24.00 today and sold about 30 minutes later at 25.00
completely spaced out the dip to 24.96 and had my order in at 24.75
later my level II froze up and I was working on something else and didn't notice... what was it... 28.41 or something like that. Talk about missing out
but that is the great thing about scalping and day trading... tomorrow is another day
Last 2 weeks in May. That is when I will finish my buying.
Week of Apr 20 start small position
Week of Apr 27 continue total 1/6th
Week of May 4th at least 1/3 position
Week of May 11th major purchase 30%
Week of May 18th major purchase 30%
Week of May 25th finish purchase 6%
NRGU 3X 50%
UCO 2X 25%
ERX 2X 25%
2.5X
Conservatively WTI $15.00 to $25.00 Selling week of June 1st.
40% X 2.5X gives you a double (bagger).
WTI June is $20.00
I think when they re-write the wiki definition of
"Da arse fell otta er" they will put the 1 hour chart for WTI in there for the last hour of trading
Holy cow--soon it will go negative, lol
WTI may contracts minus $23 dollars
it costs more to buy a gallon of water at 7/11 than a barrel of oil
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
oh I know just a very interesting phenomenon today with a variety of oil commodities in the negative
You need to look at the June contract which is right around $21. You're looking at the April contract which expires at the end of the day. It is odd to see the expiring contract be driven all the way to negative...usually it continues to move on low volume with the new contract. Odd things going on indeed though.
sure is good thing GUSH doesnt triple track WTI. WTI was 25 a few days ago. under a dollar right now
https://www.bloomberg.com/quote/CL1:COM
beautiful move off of the LOD this morning
3X leveraged Oil and Gas ETF ETN
... are becoming extinct.
ERX Direxion Energy bull 3X
NRGU Microsectors US big oil index ETN 3X
We actually just had a reverse split by the company which affected a 40 shares = 1 share ratio.
[Edit Add Website: https://www.splithistory.com/gush/]
They also reduced is from a 3x exposure to a 2x exposure.
GUSH is not meant to be bought and held. It is meant to be traded as soon as intraday as market conditions change.
The following website explains their split history and also tells you what a $10,000 investment would be after the 4.9 year history of the ETF. Long story short.
$10,000 after five years is worth only $90
Advanced traders only.
GUSH doesn't track oil price, it tracks spx oil companies. The rise in price is based on hopes of reduced oil production, though from my reading which I can't source off hand, those cuts won't do much to prop up oil prices in the near term.
Strong SPX oil companies are a fair place to store cash assuming we have a country to go back to once the dust settles.
From the Direxion website,
"The S&P Oil & Gas Exploration & Production Select Industry Index (SPSIOPTR) is provided by Standard & Poor's Index Provider and includes domestic companies from the oil and gas exploration and production sub-industry. The Index is designed to measure the performance of a sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (GICS)"
http://www.direxion.com/products/daily-sp-oil-gas-exp-prod-bull-3x-shares#
OIL down GUSH up?
I can see this running 2,000% Fromm here
Current Fund Name
New Fund Name
Ticker
Direxion Daily MSCI Brazil Bull 3X Shares
Direxion Daily MSCI Brazil Bull 2X Shares
BRZU
Direxion Daily Russia Bull 3X Shares
Direxion Daily Russia Bull 2X Shares
RUSL
Direxion Daily Gold Miners Index Bull 3X Shares
Direxion Daily Gold Miners Index Bull 2X Shares
NUGT
Direxion Daily Gold Miners Index Bear 3X Shares
Direxion Daily Gold Miners Index Bear 2X Shares
DUST
Direxion Daily Junior Gold Miners Index Bull 3X Shares
Direxion Daily Junior Gold Miners Index Bull 2X Shares
JNUG
Direxion Daily Junior Gold Miners Index Bear 3X Shares
Direxion Daily Junior Gold Miners Index Bear 2X Shares
JDST
Direxion Daily Energy Bull 3X Shares
Direxion Daily Energy Bull 2X Shares
ERX
Direxion Daily Energy Bear 3X Shares
Direxion Daily Energy Bear 2X Shares
ERY
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares
GUSH
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
I am taking long position here... I mean $1500 in January $21 today? I’ll take that risk! The upside is massive the down side is small!
Maybe I'll fill up the truck and light it for 4th of July!
https://www.texastribune.org/2020/04/15/texas-oil-production-cuts-not-happening-yet-railroad-commission/
That's not oil, it's blood!
Well the news is out for the most part. I think XOP has hit a temporary top and DRIP is the short term play. However I will hop back into GUSH soon. I am very bullish on the oil sector. There is going to be high inflation I believe with 0 rates, stimulus, FED QE etc. Looks like 2010 repeat so Oil, Gold, Silver I like a lot. Good Luck everyone and I look to be back in sometime soon.
Your conviction did you well. That was actually a wise move IMO. XOP was so insanely cheap.
it doubles since last Monday LOD. I was down a lot for pre r/s but somehow kept slugging away with new funds which I NEVER reccomend doing and came out on top. It rarely works out that way. I went back in at close much smaller position at 24.10 actually higher than my last sells
Yes it was a great day. Been a great week. Figures they castrated GUSH just before XOP goes on a big run. Not to mention they liquidated GASL just before it would have had a big run. UWT as well. Anyway I sold about half today. It might be a sell the news tomorrow with OPEC meeting but I kept half just in case.
Looking good , wish this was still 3x
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