Citi VelocityShares 3x Long Crude Oil S&P ETN (UWT)

[Sgreg]

Yes, I completely agree oil back to $60 by June or so. UWT decay is tough. It however is better then UWTI which as you know was what was the bull ETN back a few years ago until credit Suisse decided to end it. UWTI had decay much worse then what UWT has. In what I have noticed UWT decay isn't at all as bad as that other ETN was.

I'm still out but waiting and if I get the opportunity going back in UWT and GUSH hopefully in the next couple of weeks or so.

Basically I'm waiting to see if the S&P 500 can break above the 50 day moving average.