Energy 3x: ERX vs. ERY

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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

Here is a side by side comparison of ERX/ERY.

Attachment 46

http://stockcharts.com/h-sc/ui?s=ERX...d=p00167966173
http://stockcharts.com/h-sc/ui?s=ERY...d=p14196060931

I don't make trades based on P&F charts, but I do use them as an indicator. :)

Attachment 47

http://stockcharts.com/def/servlet/S...ERX,PSTADANRBO
http://stockcharts.com/def/servlet/S...ERY,PSTADANRBO

It would seem March has been a good month for energy's ERX. :)

Attachment 50

http://stockcharts.com/h-sc/ui?s=ERX...24&a=163602903

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

JTH,

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

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.

Attachment 51

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.

Attachment 53