(ERX) Should be on your ETF Watch List!

Posted: August 5, 2011 in Uncategorized
Tags: , , , , , ,

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(ERX) Direxion Daily Energy Bull 3X Shares ETF – Fund which seeks daily investment results, before fees and expenses of 300% of price performance of the Russell 1000 Energy Index. This fund invests 80% of assets in securities that comprise this index. 


As of 8/5/2011 (ERX) hit a low of $46.80 and on 7/26/2011 ERX was trading at $86.97, Its 52 week high is $93.27.


Since Monday (ERX) Has dropped 29.65%  $-22.34


There is no question that (ERX) when it trades can have Great days of $5.00 gains, whoever can also have large losses as we can see has happened this week. There is no question about it that if you want to get into (ERX) a good time to get in could be now. The Upside potential is Phenomenal. 


Disclosure – At this time I currently do not have any position in (ERX) nor do I plan on having any in the next 3 trading days.

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