Wednesday, February 13, 2013

ERY/Energy Trade Idea Follow Up

On 2/8 I decided to fill out ERY long (3x short energy) and yesterday I updated Energy/ERY

A quick look today reveals ERY still looks good here, Energy still looks to have a problem.

 XLE/Energy 60 min is pretty clear

 XLE 10 min is even worse than the 8th.

 And XLE 1 min intraday not looking too good.

 ERY, the 3x short Energy ETF on a 60 min chart looks the exact opposite of XLE.

 The 15 min chart again looks better today than the 8th.

And 1 min intraday, again the opposite of XLE.

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