Direxion Daily Energy Bull 2X Shares (ERX)

[Smilin_B]

ETF's that play strictly crude oil, still have to deal with the effects of contango and forward roll of expired contracts. Unless you're talking about getting into a 2x or 3x bull ETF specific to crude oil oh, yeah you would have to time that bottom exactly perfect because by Design these things could easily go to 0 if crude oil heads to $15 a barrel.

Im mildly interested in ERX but would like to see some type of a pullback as it advanced 21% Friday alone. I'm a big fan of the June crude contract falling down from $25. The global oversupply of crude oil meeting the catastrophic under demand due to the Coronavirus it's just staggering and it is going to take many many months 2 even begin to touch the Strategic petroleum reserves we have here in the United States. We have so many tankers out in the ocean filled to the top with crude oil and we are paying exorbitant storage fees. That's the reason why these ETFs continue to tank and most definitely are not long-term investment vehicles by Design. You have to really catch them at their absolute bottom and hope that crude oil makes an upturned quick because if it just goes sideways, these ETFs experience severe decay due to contango.