On April 11, we got our rock-solid, never-fail signal to short the oil market. Since then, every single trading day — nine consecutive as of this writing — have been black candlesticks, in spite of an (insane) mega-rally going on with other assets.
I think it was redvettes who brought my attention to the fact that besides the triple-bearish fund ERY (a favorite of mine, which I’ve written about often), there was also a fund called DRIP, which had broader coverage, less-focused on mega-caps like Exxon (NYSE:XOM). I was wondering if I was making a mistake sticking with ERY, but as the overlay below shows, they’re pretty much the same creature, and ERY’s volume is about twice as good, so I think I’m just going to stick to that instrument.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.