Direxion Daily S&P Oil & Gas Exploration & Production Bull 2X (GUSH)

[Sgreg]

Oil is down some but not to the amount to where GUSH should be down 8%. The XOP has been getting treated very unfavorably over the last 2 months. Oil is about even over that time while XOP has gone from 30 to 25. My best guess is that a couple months ago big boys betted that oil would fall back to mid 40s. They were wrong and now hold XOP down to buy time until they figure out what to do. I said it when I first started buying GUSH that it would be a waiting game.I'd say maybe by September Xop will be back above 30 and GUSH back near 10. I bought more today myself.