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Direxion Daily Energy Bull 2X Shares (ERX)

NYSE
Currency in USD
58.97
-0.85(-1.42%)
Closed
After Hours
59.09+0.12(+0.20%)

ERX Comments

Not exactly tied to crude but is 2x not 3x the Energy Select Sector Index which has other stocks in it.
This leveraged etf usually performs at a multiple of crude. For some reason crude up 2.5% this morning, while ERX lags at < 1%. When they recalc, ERX should be more like > 7.5%. SPR being refilled, and Suez crisis driving up crude
Really an energy stock 2x (not 3x) index not tied to crude per se. see major holdings below. Frustrating for sure today.
Yeah it seems like some places it says 3x other places 2x. My bad. The official Direxion website says 2x. Really they should have changed the ticker symbol if they were changing the formula, that's just bad business practice. Anywho yeah no idea why ERX has disconnected with Crude, even at 2x it should be +4% today, not -0.75%. Stoooooopid stock market
62 before eod. Major lag between crude and this etf
More upside this weekend.
Hi! I am in Japan. Is there anyone outside of US? I think ERX is the No.1 ETF now!
Also in Japan. I will sell this b4 it goes down
I t is still good investment in my opinion.
Kurva Anyád covid geci
Go 50
This stock i bought a few months ago and have been trafing . This is my cash cow ! Then buy exxon.
Here’s the play... Energy had its run post covid selloff. Just finished a strong pullback from that rally. In at 17.50 looking for a price target of around $30. The rally coming from an increase in demand during reopening along with the decrease of supply under the Biden administration. Simple clear cut play. Good luck.
I would push it out a little further. Time decay is going to ****you if things don’t go exactly as planned.
got it i will see an extra 2 or 3 weeks thanks
Ive been selling weelky cover calls and buying again the following week. Working good so far.
this when is ,,,,kapot
I have been loading up on this for a few weeks now. beautiful chart. waiting for the run.
$20 soon
will it ever get back in the 100's since the split
no chance
$6 soon?
😂
20 soon?
Sorry wrong board
after April 2021
Why?
if you dont buy now then idk. its at apr 23 levels.
Rally into the close. Hee Haw
Any op???
6 moths and this etf hits 100 dollars! Hold it! Chevron and Exxon wont get hurt! Nothing to lose! This stock is increasing day by day!!!!! Keep it👌🏻👌🏻
Will it go back to 100+!$
It may not because its a 2 x until a few months ago when it was a 3 x.Also futures for next few years may waive around 30-40$ barrel
nope. no way.. unless you sell.. then yes absolutely
not sure about holding this for long term bro,... many expert suggest not to.. i was into direxion gold miner x3 few months ago. i bought in before the gold price drop. then saw it dive 50% then when gold miners stocks rose atleast by around 100% my Direxion 3x still standing at -50%.. *******etf... good for 1 or 2 day trading only.
Is there any chance it will go back to 100$ +again in a year or later ? I bought when it was 10$ should i hold for long ?
No... There have been changes in the etf for example now it is 2x not 3x instead of 100 I see it at 32 at maximum if xle get back to January levels.
thanks bro .
explain your reasoning for 32
any opinions
not keeping up with oil any more ?
no dont hold etf's long term because they are re-packaged daily.
What it is?
What happen?
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