XLE (Energy) looks like it's coming down, not just price, but 3C. XLE is not my favorite for options right here, but the open ERY position (3x Bear Energy ETF) looks good, I'd consider it as a new position here or an add to, you just have to be very careful as Syria is a wildcard that can have obvious consequences on an Energy short.
Other than that, my point of view is that there's a window of probably a little over a week and if there's a time to pull back Energy, it's likely now so I'd consider this a short term swing trade.
I'll post some charts in a bit and continue to update the position.
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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