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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: isopatch who wrote (187772)1/6/2015 11:11:16 AM
From: MIRU  Read Replies (1) of 206085
 
ERX should be a good way to play for a rebound. If the long term trend line holds, we should be within a couple dollars of a bottom. Note that ERX is not at a new low here and neither is XLE, but WTI is, so showing some relative strength. (ERX is one of those much maligned leveraged ETFs that you can't trade at big full-service brokers, but Fidelity is OK with them) ERX is 3X the XLE.
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