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.
Is interest rates about to start going up?
-
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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