Direxion Daily Energy Bull 2X Shares (ERX)

[totffe]

The elephant in the room is a resurgence of the virus once we think the way is clear. We know now that it dies in sunlight and humidity, so is probably seasonal like the flu. But, unlike the flu we will not have a vaccine anytime soon, and we know that corona is much more contagious than the flu. So, by next flu season will we be coming back to economic life again and with that oil demand? Then wham we are hit again. Hard to call the timeline of just about anything right now. So, I watch crude prices crumble, WTI in particular and will react at the time that i think is appropriate. Planning is 50% useless right now. Who would have thought that with oil prices headed south that the big oil companies stock are soaring. That is pure speculation that demand will return soon. Stock prices forecast 6 months into the future, so maybe they are right, but I don't think so. Can't wait to see futures Sunday night.