I do believe oil is at the bottom... We have a lot of factors:
- Demand.. how long will it be before people can go back to work
- Saudi and Russia conflict (agreement might pop it)
- Trump buying (keeps thing artificially high)
- Trump offering storage (keeps thing artificially high)
- The smaller producers debt
- Producers cutting output
When I start.. which might be in another 30 days.. I will enter little by little every month.. with no fear. when this pops... IMO, it most certainly will be a 1-2 bagger. It's too bad it's only a 2x and not 3x's.. but Direxion might have gotten smashed on this one with losses due to that wild ass swing we had.
ERX tends to follow oil but it is skewed right now...
Index Top Ten Holdings %
Exxon 22.38
Chevron Texaco 20.36
EOG Resources 4.63
ConocoPhillips 4.50
Schlumberger 4.48
Phillips 66 4.28
Kinder Morgan 3.91
Marathon Petroleum 3.71
Valero Energy 3.65
Occidental U 3.49
Index Sector Weightings %
Oil, Gas & Consumable Fuels 89.66
Energy Equipment & Services 10.34
http://www.direxion.com/products/direxion-daily-energy-bull-3x-etf
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM