Leveraged Energy Bears

Here are a couple of leveraged bearish funds (thus, longs) that got beat up badly lately which I believe are ready to reverse into new highs for the year.

Most of you already know of my fondness for energy shorts. Here are a couple of leveraged bearish funds (thus, longs) that got beat up badly lately which I believe are ready to reverse into new highs for the year (Allah willing). Here’s the one I’m presently long:

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0512-ERY

And here’s a favorite of redvettes, a somewhat more diversified (and volatile) instrument:

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0512-DRIP

Disclosure:

None.

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