Loading ...ERX vs ERY
Which one would you rather own? 🙂
A little late perhaps to jump on the ERY band wagon but the Red down fork on ERX has some room to the downside. Still nothing moves in a straight line. An ERX buy in early Nov would have more than doubled your money if you played the Cycle correctly.
ERX looks like it may be very close to completing a Wave 5 Up pattern, so perhaps we need an A,B,C correction at some point.
Added: Here is a link to Armstrong’s thoughts on Crude.
I like the charts SC..! If you have the time and interest…, maybe check the other vehicles in the Everything Bear Oil/Comm trading case with some forking, at this possible bounce/BT point…would be great.
ERY
+
DGAZ
YANG
DWTI
EDZ
DUST
JDST
and also copper but there are no leveraged ETFs for copper or copper miners that I know of…