ERX is an Energy 3x Bull (long) ETF that was in place as a hedge for core short positions in the equities model portfolio, I'm interested in that next trend and may not have got out at the exact right place, but I'll take the gain.
A 27.41% gain...
The 15 min ERX chart, taken with the other charts and the $USD, I feel it's time to act based on what the evidence is now.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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