The week has not started on a terribly great note as we are now 1/3 after Tuesday’s miss on Direxion Daily Bear Energy 3x ETF (ERY). I went against my investing rules with ERY by investing in something that had moved way too much in pre-market trading, and the ETF came down hard from those morning levels. It would have been a perfect short sale. Even with a lowered entry at 12.85, which I specified in my Oxen Group Morning Alert, we still were stopped out for a 3% loss within the first hour. The rally in oil came as the dollar lost ground and the ETF hit a peak that I did not see on the chart that was pointed out by a subscriber. Let’s get back on the right side of this thing today with two winners.
And here they are…
Buy Pick of the Day:
Short Sale of the Day:
Good Luck and Good Investing,
David Ristau
