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Direxion Daily Energy Bull 3X ETF Message Board

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  • lusob09 May 24, 2012 12:07 AM Flag

    Way way way oversold

    You're correct ERX has a slight edge on TNA that's it a better bargain. But with SPY already oversold, its good to take advantange of the potential rally. Today, TNA made $2 for $1 gain on ERX.

    The Fib retracement suggest that ERX is closer to bottoming while TNA shows it has the potential to make more when the rally starts.

    With no solid reliable selling confirmation, I'm trading the channel.

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