Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (:DRIP)
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champ: ...
....only the Shorts are making profits lately....$ERY and $DRIP......
and obviously ....Shorting-names in this sector is also working, for Now.
....The high on the price of WTI-Oil today was around at $93.10 and the low was at around $89, so the zi ... - champ: FWIW.....$QQQ was at $382.75 and $FNGU was at $219....and it looks like everything is going to #start to take a Break....and maybe run around/zig-zag around these current high Price-levels....and the #highs could be in, as the markets build a new base....and now usual, Timings are back-in play now.....$MSFT $NVDA $AMD $AMZN....for both Entries and Exits. ....At this point for me, direction is unknown, as most all the large players are at new ATHighs and the guess is, they need to drop before they can move-up again. ....$SQQQ....I'm now starting to watch short ETF's....$TZA $DRIP/$ERY $SDS $VXX/$UVXY and others. ~~~ $TSLA $SQQQ, as of now I'm only holding these 2 spec positions, Day-trading and I'm Trailing both......basically I'm now out of the Markets for a while, I'm out of all of my swing positions, I took profits.
- cmaxwel1: @scottrades $SPY $QQQ $DIA $UUP $GLD $SMH $IGV $XLK $DRIP $NVDA $AMD $TSM $RMBS $LRCX $AMAT $ACLS $KLAC $ON $AAPL $META $MSFT $TSLA $RIOT $MARA $ASML is breaking out of a cup pattern.
- scottrades: My video notes: $SPY Awaiting a deal $QQQ Breaking out $DIA At the 200 Day $UUP Popping $GLD Breaking down $SMH Leading the market $IGV Near the August 2022 Highs $XLK Working $DRIP Inverse Energy $NVDA ATH $AMD Following $TSM Biggest Daily Volume ever $RMBS My biggest position $LRCX Working $AMAT Also working $ACLS Cup & High Handle $KLAC Breaking out $ON Support at the 50 Day $AAPL Holding the 21 EMA $META Trending $MSFT The AI Trade is on. $TSLA Under the 200 Day $RIOT Holding the 50 Day $MARA Close to the MA cluster.
- Docoof: @champ $OIH $ONG $XLE $ERX $ERY $XOP $GUSH $DRIP #ETFs #Great #Russia #Oil-production Thanks, champ. The big difference between $OIH and the others is that $OIH does not have any holdings of this sort: $XOM, $COP, $PBF, $DVN, $VLO, $OXY, $CVX, $HES, $EOG, $FANG, $APA, etc. It exclusively consists of OFS stocks. All 25 of its holdings: $SLB, $HAL, $BKR, $TS, $NOV, $RIG, $VAL, $HP, $FTI, $PTEN, $CHX, $WHD, $NEX, $LBRT, $NBR, $OII, $XPRO, $RES, $HLX, $PUMP, $WTTR, $SLCA, $DRQ, $CLB, and $OIS.
- Docoof: #ETFs $OIH and $ONG seek results that are intended to correspond to the performance of the MVIS® US Listed Oil Services 25 Index (MVOIHTR). — $ONG is 2x $OIH Friday at close: $OIH up 3.78% $ONG up 7.46% ~~~~~~~~~~~~~~~~~~~~~~~~~ $XLE, $ERX, and $ERY seek results that are intended to correspond to the performance of the Energy Select Sector Index. — $ERX is 2x Bull $XLE and $ERY is 2x Bear $XLE. Friday at close $XLE up 3.19% $ERX up 6.27% $ERY down 6.13% ~~~~~~~~~~~~~~~~~~~~~~~~~ $XOP, $GUSH, and $DRIP seek results that are intended correspond to the performance of the S&P® Oil & Gas Exploration & Production Select Industry® Index. — $GUSH is 2x Bull $XOP and $DRIP is 2x Bear $XOP. Friday at close: $XOP up 3.86% $GUSH up 7.78% $DRIP down 7.67%
- champ: @Docoof $OIH $ONG $XLE $ERX $ERY $XOP $GUSH $DRIP #ETFs .....#Great post, nice Info, for re-capping all the ETF's that are in the energy sector....and it never hurts to go over them again. And the reason Why this sector bounced/turned on Friday was because........#Russia said that they might cut back their #Oil-production next year by 7%.......
- Docoof: $DRIP Add 14.09
- LeAf: @Docoof $DRIP it is almost at the 21dma. Are you expecting a bounce or is the rationale an early entry on a cup&handle formation?
- Docoof: @LeAf $DRIP $XOP and $DRIP track the exact same index. $XOP is at hod and where it has been failing. So the bet is on $XOP to get knocked down around here rather than trading a pattern in $DRIP. This will be the 5th time I’ve done this trade: three have worked, one was a breakeven, and this is the fifth. Also, this is a final hour trade and then I’m out.
- cmbrick: @Docoof $DRIP $XOP Just took half off of $GUSH trade from yesterday's bounce as $XOP approaches 200sma
- Docoof: $DRIP Bad trade and a Loss. Entry $14.09 and out at $13.96.
- Docoof: @cmbrick $DRIP $XOP $GUSH Nice! . . . and smart.
- Docoof: @scottrades Here’s how I survive here as a rook. One 2x pos size trade today based on Dan’s 12/9 video. $XOP rejected at the 200d pre. (I know pre-market doesn’t really count, but I took it as an indication and was on alert.) Entered $DRIP after the open at 14.38 with stop below the lod ($XOP & $DRIP track, or have results that correspond to, the same index= the S&P® Oil & Gas Exploration & Production Select Industry® Index). $DRIP’s hod was at 15.75. Took profits a various levels and continue to hold some. In short, this is another big thank you to SMM.
- scottrades: @Docoof $XOP $DRIP You're doing awesome. Great work and thank you for all your contributions and help to other members. You've gone from a rook to a ROCK. Merry Christmas and thanks again.
- Docoof: $XOP Failure at the 200d. Full position in $DRIP.
- Docoof: $DRIP Defensively raised stop to break even in the final hour and . . . broke even. $XOP, for now, back above the 200d.
- issues:
- Docoof: @issues $DRIP $DRIP and $XOP track, or correspond to, the results of the same index: The S&P Oil & Gas Exploration & Production Select Industry Index. $DRIP, as you know, is a 2x inverse ETF. So, Drip is 2x the inverse of $XOP. Dan addresses your question at 10:30 in this week’s Weekend Update video.
- Docoof: @issues $DRIP $XOP This should work: https://stockmarketmentor.com/2022/12/weekend-update-video-december-9-2022/
- issues: @Docoof $DRIP $XOP thank you. I GOT IT!
- Docoof: $XOP Fell below all the major MAs. In the pre, it’s trading just above the 200d. Does it make sense to buy $DRIP if $XOP is rejected at the 200d? For the inverse O&G ETFs, $DRIP is 2x inverse the $XOP. $ERY is 2x inverse the $XLE. $DUG usually performs somewhat close to 2x inverse the $IEO: — $DUG corresponds to 2x the inverse of the Dow Jones U.S. Oil & Gas Index (DJUSEN) while $IEO seeks results that track the Dow Jones U.S. Select Oil Exploration & Production Index (DJSOEP).
- shoredriver: @Docoof $XOP $DRIP $ERY $XLE $DUG $IEO ...If one is truly agile enough to dance this...why not just play $GUSH/$DRIP....
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Docoof: @shoredriver $XOP $DRIP $ERY $XLE $DUG $IEO $GUSH
That’s a good suggestion, and could very well be the better way to do it, but I’ll give you my answer why I prefer to watch $XOP instead. The price movement of $GUSH and $DRIP is not dete ... - shoredriver: @Docoof $XOP $DRIP $ERY $XLE $DUG $IEO $GUSH ..I'll leave it to you to determine if any of this coagulates into consistent successful trading...
- Docoof: $DRIP Posted trade idea this morning. Working out according to plan = Buy $DRIP if $XOP fails at the 200d. Full position is now up over 5%. Stops raised.
- champ: @Docoof $DRIP $XOP....Yes sir.....or $SCO....
- Docoof: @champ $DRIP $XOP $SCO Thanks, champ—and nice on $SCO
- champ: @Docoof $DRIP $XOP $SCO...both work....either or.....for Trades, #Thank-You for the idea.
- Docoof: @Henry $xle $DDG $DUG $ERY $DDG Oops, got it – not a typo. I didn’t read it carefully enough. $ERY = 2x inverse for $XLE $DRIP 2x inverse for $XOP
- woodman: Top 10 inverse ETF gainers today (on my watclist of 29; obviously incomplete; and some overlapping): Inverse ETFs leading the way today - $OILD $YANG $DRIP $FNGD $DUG $SOXX $ERY $LABD $TECS $SCO
- maracom: I bought $DRIP as a hedge on $DVN $APA $XOM last week, expecting a pullback. Booking a 10% gain on that today as it comes back to the 8 EMA. I have covered calls on all those stocks as well, will look for opportunities to buy back those calls and get ready for another move in energy, whether that's another leg up or a move back to the 20.
- Cjauger: $DRIP breaking higher
- maracom: I'm long a lot of $XOM $DVN $APA still but I've sold a bunch of calls and today I'm adding some $DRIP for another hedge. $DRIP turning green today
- Cjauger: @scottrades $XOM $CVE $OXY $DVN $DRIP could be a good option here, lower oil output on one hand and higher interest rate slowing economic activity on the other.
- Docoof: @scottrades Here’s the probably very sloppy day-trade I’m doing today and it’s still in motion. I 100% learned it from Dan, although I learned from his discussions of how to short stocks, and I don’t know how to short stocks&m ...
- vcondry: @Docoof $XOP $DRIP that actually makes complete sense to a noob like me.
- Docoof: @vcondry $XOP $DRIP Oh good – thank you for responding. It’s one of those things where I see how it makes sense and it certainly makes sense to me, but I also think that it somehow might not make sense to anyone else, so I’m glad you responded.
- scottrades: @Docoof $XOP $DRIP Makes total sense and the best part about it is that it's part of YOUR system and something you can use and back test. I like trading inverse ETFs as opposed to shorting for safety reasons. A bad short can go against you to infinity where an inverse ETF can only go to zero, so I believe it's a better way to manage risk. Well done!
- scottrades: @Docoof $XOP $DRIP He taught me a lot too. :)
- Docoof: @scottrades $XOP $DRIP oh great. I’m happy to hear that. You know, aside from yourself, Dan’s also a pretty good teacher. ;-)
- Explorer: Short ETFs -- $DRIP $ERY $JDST $TZA $EDZ $SQQQ $DXD $EFZ $SH -- all up today
- traderbren: @Explorer $DRIP $ERY $JDST $TZA $EDZ $SQQQ $DXD $EFZ $SH - I took the majority of my shorts - puts - off yesterday as I didn't want to be a total pig. Personally, I think we might be setting up for another bear market rally in the near term before we head lower again.
- scottrades: $SPY $QQQ EOD Give back $UUP Strong USD/JPY Japan cannot raise rates. $TNX Up-only $TBT Dan added to the ATL $DRIP Higher Low is holding $SDS/QID $GLD Just can’t get excited #Bitcoin Uncorrelated, for today. $TSLA at the 50 Day $TWTR Basing $NOC In trend $CALM Working. $VRTX Support at the 100 EMA $ENPH At the 50 Day $AEHR Holding up well $HSY At the 50 Day
- scottrades: My notes: $SPY $QQQ The FOMC Show Goes On $UUP Near the highs $TNX Closed at an 11 year high $VIX Above 20 $TAN Basing $XLE Choppy $DRIP Higher Low in play still $SDS/$QID Good for Day trades #Bitcoin Following the rest of Risk assets $AAPL Strong $TSLA Strong $NOC Watch 497 $CALM High Handle $WSC Watch 43 $VRTX Small flag $NBIX Watch 108.75 $FSLR Basing $ENPH Basing $ON Basing $AEHR Squeezing $CELH Watch 108.50
- scottrades: My notes: $SPY $QQQ I’m bearish but beware the Face Ripper $UUP Still in trend $TNX Near the highs $XLE Chopping sideways $UNG Down but the stocks don’t care (yet) $TAN Like XLE $XBI Still strength in Biotech $SDS / $QID Going Short, the long way $DRIP Still watching this potential higher low $ENPH Holding the 8EMA $SEDG Handle? $FSLR Starting to slow down $SHLS Nice bounce near the 50 Day $ARRY Short Report from Muddy Waters and Friends $AR Closed near the lows $OXY Back down to the 50 Day $CVE No breakout for you. $DVN Holding the 21 EMA $VAL Move up your stops $GLNG Around the 8/21 EMA $FLNG Holding the MAs $UNG Holding the 100 EMA $RGEN Basing $VRTX Near the 50 Day
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scottrades: ...
I pointed out the reversal base on $DRIP as well in a recent video, day traders may want to watch this if Oil breaks down further. Also watch $TSLA, $AMZN and $AAPL as they are near their 50 Day MAs.
The Inverse ETFs are still in trend as well: $S ... - cmaxwel1: @scottrades $ENPH $SHLS $ARRY $CSIQ $FSLR $SEDG $RUN $TAN $DRIP $TSLA $AMZN $AAPL $SDS $QID $ENPH is not on active trade list
- DAN: @cmaxwel1 $ENPH $SHLS $ARRY $CSIQ $FSLR $SEDG $RUN $TAN $DRIP $TSLA $AMZN $AAPL $SDS $QID I just haven't added it yet. My fault. Will add this morning...along with the other stock just added
- DAN: @DAN $ENPH $SHLS $ARRY $CSIQ $FSLR $SEDG $RUN $TAN $DRIP $TSLA $AMZN $AAPL $SDS $QID Max, I just added both enph and maxn. Might take a few minutes for them to show up, but they're in there: ENPH -- bot 300, stop 285 MAXN - bot 22.30 stop 20.60 Thanks for the reminder. :-) Dan
- scottrades: My notes: $SPY /$QQQ Chop City $TNA Day 2 $UUP Still in an uptrend. $TNX Near the highs $TAN Nice day 2 $DRIP Inverse Oil $SMH Holding the slope $ARKK Holding the higher low $IBB /$XBI Big volume $URA Don’t ignore the yellow cake $TSLA In for a cup of coffee $AAPL Not leading $AMZN at the 50 Day $NVDA Holding the Weekly low $AMD Day 2 $ON Big move, strong close, wish it was tighter. $WOLF This is the risk if you chase. $ENPH Took partials today. $SEDG Extended $ARRY Unable to break out yet. $CSIQ Downgraded, but holding the 21 EMA $SHLS Downgraded, shook it off. $RUN Dan mentioned today $CI Basing $HUM At the 50 Day $CALM A Bit wide but near some highs $CELH Let’s talk abou Buy Points $ANET Good volume into the close. $QSR Mentioned in the forum
- MongosPawn: @scottrades $SPY $QQQ $TNA $UUP $TNX $TAN $DRIP $SMH $ARKK $IBB $XBI $URA $TSLA $AAPL $AMZN $NVDA $AMD $ON $WOLF $ENPH $SEDG $ARRY $CSIQ $SHLS $RUN $CI $HUM $CALM $CELH $ANET $QSR Great strategy session. Love the details of your thought process. Very instructive.
- Crodmm: @scottrades $SPY $QQQ $TNA $UUP $TNX $TAN $DRIP $SMH $ARKK $IBB $XBI $URA $TSLA $AAPL $AMZN $NVDA $AMD $ON $WOLF $ENPH $SEDG $ARRY $CSIQ $SHLS $RUN $CI $HUM $CALM $CELH $ANET $QSR Your videos are always so helpful. Especially in this chop, you help me stay focused on risk. I appreciate when you say it’s ok to miss a stock that is going up to focus on risk management. This market has really messed with my head. Thanks for keeping us grounded. You Dan and Rocky do such a great job. But most importantly you care.
- Geewhiz: @scottrades $SPY $QQQ $TNA $UUP $TNX $TAN $DRIP $SMH $ARKK $IBB $XBI $URA $TSLA $AAPL $AMZN $NVDA $AMD $ON $WOLF $ENPH $SEDG $ARRY $CSIQ $SHLS $RUN $CI $HUM $CALM $CELH $ANET $QSR Your videos with their consistent approach is a terrific teaching aide. Stick to your pedagogy. It works for me. Tremendous value to the assemblage.
- scottrades: Good morning Team! Looks like a flat open this morning which is ok. Keep an eye on the U.S. Dollar as it continues to trend up. I mentioned last night that it's not just the Fed's actions that it's strengthening against, but other weaker economies around the world. Last night I read that even China is getting concerned, I've attached a chart of USD/CNY. Many people who are smarter than I am are flat out saying, something is going to break if this keeps up. Glad to be in cash and awaiting some clear signals. Watch $DRIP this morning as Oil looks to be testing the recent lows and could break lower. Also watching the Solar stocks like $ENPH, $SHLS, $RUN, $FSLR, $CSIQ and the like. Looking forward to hearing what Dan thinks in our live webinar. See you there!
- Docoof: @scottrades $DRIP An impressive move above 16.60 - 16.70 and you would consider buying? Or, in general, you’ll be staying in cash for now?
- scottrades: @Docoof $DRIP I think it has some potential for sure. I'm more inclined to wait, but I'll watch it and see how it trades this morning.
- Docoof: @scottrades $DRIP Got it. Thanks for the response.
- joemaurno: @scottrades $DRIP did just what you were looking for. Broke though the $16.60 price range so I jumped in and bought some at $17.03. I'm hoping to get some action but like you said, this is a super-short term trade, maybe just 1 day. Let's see how we do here ...
- scottrades: @joemaurno $DRIP Glad it's trying to work! Of course there's a lot of moving parts with Oil prices, so don't get married if it starts to go against you. The chart setup is valid as long as it can hold up above the pivot.
- vitoB: @scottrades $DRIP seems like some forced selling rotation from oils to renewables. I can see the chart so I’m early but adding to nat gas long play $CPG. Right at 200dma.
- champ: Trade ideas.....$DRIP or could short the $XOP and Trail.
- bRobert: $XOP 50w target acquired Expect a bounce Not necessarily the bottom The 200w IS in play with a failed bounce Been long $DRIP Speed bump here for partials and or tight trailers Inv H&S shoulder Classic $37+ 200d target $30 interim $GDX H&S top in motion $18 potential Long $DUST C&H like reversal base Speed bump HERE for partials /tight stops $25/$28 targets $SOXS speed bump Here $92 longer SHort several in the space Many posts on $NVDA $125 $AVGO 200w /$350 FAILED bounces
- bRobert: $XOP Again this drop is not the end of the move with a failed bounce $105 daily bear flag trigger target $85+ POTENTIAL longer 200w Speed bump here Look for failed bounce to the 200d from BELOW I posted this potential scenario out several times Took profits in $DRIP 200d target $37 longer
- bRobert: $XOP Bounce EXPECTED BUT.........caution for failed bounce and dip < 200d 50w kiss expected $95/$90 potential 200w if WEEKLY H&S top triggers below 50w Sold $drip Looking to reenter hopefully after a decent bounce /failure in $XOP $DRIP daily inv H&S base Trigger above $25 neckline 200d target potential $36
- cmbrick: @bRobert $XOP $drip $DRIP $XOP testing 200d
- bRobert: @cmbrick $XOP $drip $DRIP As expected Expect a bounce Be alert for failure and lower targets Trailing stops on ALL long trades in this market if taken
- bRobert: $BX. at. neckline. Speed bump. Daily. H&S. top. WEEKLY. one. in motion. $80/$60. potential targets. Juicy downside on failed bounces $XOP. 50w/200d. date as. advertised. There is. lower. potential to $90. 200w. area. with failure. at. 50w. Long. $DRIP. as posted. 20d/20w.pullback bounce. was. a low risk entry. with. stop below Daily Inv. h&s. $37.50 200d. potential $25. neckline. speed. bump
- bRobert: $DRIP. Speed. bump at. top of range. $25. =. profits. Nice. inv. H&S. base. with. $38+. 200d potential. Pb. bounces to enter Conversely. $XOP. $GUSH. double. bottom W bounce. /200d for. long trades
- scottto_2: @bRobert - what's your wet read on $DRIP ?
- bRobert: @scottto_2 $DRIP Look at the WEEKLY set up I have confidence in you Conversely $XOP bear flag bounce daily and WEEKLY to 20w ceiling FAilure H&S top 50w test for sure but I am open to 200w potential from this set up with break of the 50w $GUSH H&S top weekly $75 potential with dip below 50w Bearish set up
- bRobert: @bRobert $DRIP $XOP $GUSH 200d ceiling test with trigger > $25 neckline Inv H&S Reversal base $12.5 head Long DRIP Stop < LOD Right shoulder construction completing
- scottto_2: @bRobert $DRIP - Bumping it's head on the 20w. If it can't break through it, looking for a retest of recent low. I own puts, almost took profit yesterday but didn't want to short circuit the trade since it was working..... I'm not used to trading the 'dark side'.... out of my comfort zone visually.
- bRobert: @scottto_2 $DRIP Move above 20w ceiling sets it off It is at a raised stop/partial profit zone as you noted
- scottto_2: @bRobert $DRIP - Thanks, very didactic of you!
- bRobert: $XOP Strong rejection at the 20w ceiling 50w next with dip < $120 $90 target 2 potential H&S top Long $DRIP 50d pb BOUNCE Inv H&S base 200d $37.50 with trigger > $25 neckline
- bRobert: $XOP 50w test coming Maybe a bit more $DRIP long Add on failed bounces
- bRobert: $IYT sitting on the 200w BEARISH shoe drop with break BEARISH trucking $GTLS $151 close to $150 target 1 $110 when it breaks Expect bounce first $DRIP up 12% $25/$27 targets to start close EXPECT as pullback coinciding with $XOP 50w kiss $32/$37 POTENTIAL with move above Inv H&S base trigger
- bRobert: @cmbrick $SAM $XOP $GUSH $XOP 200d bounce as posted Closed $DRIP $GUSH bounce as expected Follow with trailers It can fail and boomerang lower
- cmbrick: @bRobert $SAM $XOP $GUSH $DRIP Stops in $DRIP standing by.....thanks
- bRobert: $XOP Bear flag trigger attempt daily $115 $DRIP on failed bounces
- bRobert: $DRIP $25 target 1 $XOP $115 200d/50w
- bRobert: $XOP Head the yellow caution flags H&S tops Large and small are popping up Intraday Daily WEEKLY 200d 50W potential Took small $DRIP position Starter
- bRobert: AGAIN $XOP related caution flags Paul Revere warning Long $DRIP STOPS in place please Let the stock take you into cash still near the highs 50w test with break of the 20w
- wanda1616: @bRobert $XOP $DRIP do hear a lot about oil peaking soon or now
- bRobert: $DRIP. pullback bounce. $32+. with sustained. move. > 50d Trigger. inv. H&S. base. Long
- bRobert: $XOP. I was. CLEAR on this. bearish set up. H&S. top. 200d. target. Long. $DRIP. $32+. target. Breakout daily base. >. 50d. 30%. is juicy $XOP multi day. $122. soon. $115. will be an interim target. on route to the 200d. / 50W. Failed bounces. to add. $DRIP or. $XOP puts. or. other short vehicle
- bRobert: $XOP Bear flag caution Test of 20d ceiling Potential right shoulder H&S top $115 target 1 with failure shoe drop after bear flag trigger H&S top measures to 200d Conditional trades $DRIP if triggered Bullish scenario Move > 20d and W trigger > $145 nhs Sideways consolidation Firmly > 20W floor would be a win in my book Resumption of weekly uptrend when rested
- bRobert: $XOP did what was EXPECTED Failure at the 20d on this bear flag like bounce H&S top in place Long $DRIP partial $32+ potential with move > 50d Flag trigger /reversal Room for more I will add with confirmation
- joelsg1: @bRobert $XOP $DRIP Out of $XOP, into $DINO refiner posted the other day on a post-E bo.
- bRobert: @joelsg1 $XOP $DRIP $DINO NICE WEEKLY but getting close to $50+ target Extended
- cmaxwel1: @bRobert $XOP $DRIP ($XLE added small to existing position).
- bRobert: @cmaxwel1 $XOP $DRIP $XLE Careful H&S top potential Trigger with dive < 50d $67.50/$62 POTENTIAL if triggered Trailing stops or LONG INVESTMENT TIME FRAME if OK with the pullback
- cmaxwel1: @bRobert $XOP $DRIP $XLE (Long term account only) This is a pants on fire shitfest of a market.
- bRobert: $URI WEEKLY hose leaking out the bottom like HRI $250/$200 200W targets $XOP ADDED to $DRIP with failure at the 20d and strong pullback H&S top 200d/50w $105 potential
- bRobert: $DRIP ADDED $30/$32+ with move > 50d / Flag trigger $XOP 50W retest with break of the 20w Daily H&S top Bear flag failure completing right shoulder
- bRobert: $DRIP set up stalked as posted Watching for EXPECTED failure in $XOP near 20d ceiling Watch and react trade 10% move off the bottom Nice intra day Cup formed $26 potential $30/$32 longer Potential for a 15% pullback in $XOP to the 50W 30% for $DRIP = $32
- bRobert: @champ I had been very overweight HOLDING ONE ETF for the last few years That was $XOP I sold ALL recently when the technicals flashed a warning sign that I posted and has set up as a shorter term short trade via $DRIP I am still long term bullish and will build a position again when the technicals suggest it has finished consolidation and a new uptrend is ready to roll
- bRobert: $XOP As posted yesterday EXPECT a throwback bounce to the 50d from BELOW I closed out $DRIP yesterday after 20% + pop into resistance Top of range Expect the expected Will monitor $XOP bounce for failure near the 50d to reload Watching for failure
- bRobert: $XOP close to 50d ceiling WATCHING for failure and $DRIP TRADE $30/$32 potential with trigger
| Stock Price | $9.03 |
| Change | 1.80% |
| Volume | 1,617,780 |
The investment seeks daily investment results, of 300% of the inverse (or opposite) of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index ("index"). The index is provided by S&P and includes domestic companies from the oil and gas exploration and production sub-industry. The fund normally creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the index. It is non-diversified.
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