Replies to post #515 on Direxion Daily Energy Bull 2X Shares (ERX)

[zsvq1p]

I'm now out of ERY and only in small amounts ERX averaging if I must for awhile.. but treading lightly.
Q's:

Do you believe oil will stay low? Not one person I know says yes.
Do I think oil can go lower? yes..
Do I think the market has bottomed? NO
Do I think Iran supply continues to harm Oil Companies? YEs
Do I think the first Q earnings are going to pound all Oil stocks like in this ETF? yes

I recently got out of ERY after entering in June 2015.. So I had a great year.. But be careful here for the next couple months.. Lucky the swings have been large and guessing has been pretty good.

That upper Gap on ERX IMO will fill.. just when?

[zsvq1p]

The bulls yesterday liked China numbers.. but can that last?

ERY pre is

Bid
45.00

Ask
46.35

Yesterday close was $44.36