PDA

View Full Version : Energy 3x: ERX vs. ERY



JTH
03-19-2009, 11:47 PM
All of Direxion's Website material is Copyright© 2008 and cannot be used without written permission.

Direxion Links:

Homepage: http://www.direxionshares.com/index.html

ETFs: http://direxionshares.com/etfs

Prospectus 10/01/2008: http://direxionshares.com/pdfs/DRX_prospectus.pdf

Statement of additional information: 10/01/2008 http://direxionshares.com/pdfs/DirexionSharesSAI.pdf

Tracking center: http://tracking.direxionfunds.com:8080/direxionfunds_public_etf/jsp/tc.jsp

ERX (Energy Bull 3x Shares) Overview: http://www.direxionshares.com/etf/ebu_3x_shares.html

ERY (Energy Bear 3x Shares) Overview: http://www.direxionshares.com/etf/ebe_3x_shares.html


(http://www.direxionshares.com/holdings_ery.csv)

JTH
03-20-2009, 12:24 AM
Here is a side by side comparison of ERX/ERY.

46

http://stockcharts.com/h-sc/ui?s=ERX&p=D&yr=0&mn=5&dy=0&id=p00167966173
http://stockcharts.com/h-sc/ui?s=ERY&p=D&yr=0&mn=5&dy=0&id=p14196060931

JTH
03-20-2009, 12:51 AM
I don't make trades based on P&F charts, but I do use them as an indicator. :)

47

http://stockcharts.com/def/servlet/SC.pnf?chart=ERX,PSTADANRBO
http://stockcharts.com/def/servlet/SC.pnf?chart=ERY,PSTADANRBO

JTH
03-20-2009, 04:10 AM
It would seem March has been a good month for energy's ERX. :)

50

http://stockcharts.com/h-sc/ui?s=ERX&p=60&yr=0&mn=1&dy=0&id=p84001611024&a=163602903

XL-entLady
03-20-2009, 12:04 PM
JTH, I love your charts! Did you do that one yourself or is there an area for premade charts on stockcharts.com? Either way, thanks for sharing!

Lady

Gumby
03-20-2009, 01:05 PM
JTH,

Thanks for posting the chart. I may have to buy some ERX.:)

JTH
03-20-2009, 02:47 PM
Thanks Lady :)

Yes I did the chart. No more MS Paint for me! if I'm going to pay for a service, than I better get my moneys worth. I especailly like adding my drawings to a live chart where I can watch real time prices and compare them to last nights thoughts. :)

I would imagine we should expect a pullback to the 20 SMA after all this recent strength.

P.S. It's hard to tell from looking at the chart, the 20 & 200 SMA HAVE NOT crossed.

51

JTH
03-20-2009, 07:08 PM
Sometimes watching these markets is more fun than a watching a dog watch a hotdog tied to a ceiling fan. :wacko:

Once again the Bear has mounted the Bull. On the 60min chart we broke through the 200 SMA like it wasn't even there.

53