ERX: The Fund seeks daily investment results of 300% of the performance of the Energy Select Sector Index.
ELX :The Fund seeks to provide investors with a low-cost "passive" approach for investing in a portfolio of equity securities of firms as represented by the Energy Select Sector Index.
We are maybe just one or 2 days before the biggest breakout of this year.
When bulls, sideliners, bears, perma bears, perma bulls , TESLA car owners realize that oil is not going down but going up suddenly everybody will want to buy oil related shares. Anything what is related oil .
That will happen when oil breaks above the previous high at 51.55$.
I tell you what you will see in ERX :
GAP. Green candle. GAP. Green . GAP. Small green candle. No gap. Big green candle....
Maybe today was maybe tomorrow will be the day when you need to get positioned here.
ERX or XLE .
After some time it will start to range. But Oil companies and oil related stocks like ERX, GUSH, XLE will rally for years.
So when we tag 60-70 we have to switch completely to ERX, XLE or individual shares like OAS, SXE etc.
They will be the big runners. I dont want to trade in the oil range.
That is the problem with the retail contrarian traders who are posting oil shorts below my posts. WHen they will be bullish on oil it will be in the range and they will lose money again.
You simply cannot save all these people. They have to wait 5-6 more years till the next recession when oil will fall again. And hopefully they will be long when it rallies again