2 Leveraged Energy Bears: ERY And DRIP
Tim Knight | May 12, 2017 01:24AM ET
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:
Direxion Daily Energy Bear 3X Shares (NYSE:ERY) Chart:
And here’s a favorite of redvettes, a somewhat more diversified (and volatile) instrument:
Direxion Daily S&P Oil & Gas Exp & Prod Bear 3X Shares (NYSE:DRIP) chart:
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