What To Do With Inverse Oil ETFs?

Finally, those of you who are of a more sporting disposition and want to "keep the ball in the air" during the expected sector countertrend rally, might fancy a flutter on the succinctly named Direxion Daily S&P Oil & Gas Exploration & Production Bull 3X Shares, GUSH, which put in a Reversal Day Friday after a brutal decline. This could make big gains quickly on the countertrend rally believed to lie ahead. Its 6-month chart is shown below.

 

1 2
View single page >> |

Disclosure: 1) Statements and opinions expressed are the opinions of Clive Maund and not of Streetwise Reports or its officers. Clive Maund is wholly responsible for the validity of the statements. ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.