ERX LongI am an amateur trader. I sometimes enter into trades. Other times it is only an analysis. Trade with your own risk awareness.
Key stats
About Direxion Energy Bull 2X Shares
Expense ratio
0.93%
Home page
Inception date
Nov 6, 2008
ISIN
US25460G6098
ERX provides 2x leveraged exposure to the S&P Energy Select Sector Indexa market-cap-weighted index of US energy companies from the S&P 500, heavily-weighted towards the handful of firms that dominate the energy sector. Providing hyper-concentrated exposure to a concentrated sector, ERX isnt designed to be a long-term investmentinstead, it should be used as a short-term trading vehicle. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index and beta-1 funds, such as XLE, that track that index. Note: Prior to March 31, 2020, the fund provided 3x daily exposure to the same index.
Classification
What's in the fund
Exposure type
Energy Minerals
Industrial Services
Cash
Stock breakdown by region
ERXEducational purpose, not a recommendation.
Expect a 5% move $59 ~ $60 within a couple of weeks with a close stop-loss of 2%.
ERX a leveraged ETF reflects the energy sector rise LONGERX as shown on the daily chart shows a VWAP band breakout into the mean VWAP
from the lower VWAP lines coupled with a rising momentum on the PMO targeting
72 as the YTD pivot high. Given this is a leverage play in the supertrend shift in a
major sector I see this as a low risk moderate reward
ERX Energy Leveraged ETF LongERX is a bullish leveraged ETF for the energy sector similar to XLE.
On the 30 minute chart, the supply and demand zones are displayed from
the Luxalgo indicator. The midline between them is the red line which
is confluent with the POC line of the volume profile.
On the prior down trend last we
Action ERXIf the price breaks out the green line and above of the SMAA 10, the take profit will be 80.51
ERX Energy Play Head and Shoulders BearishOn the one hour chart, ERX ( triple energy ETF) completed a head and shoulders
and is now downtrending with a crash through the EMA 100 and EMA 200
and now one standard deviation below the VWAP. The Momentum Indicator
shows downside momentum is greater than it has been in recent months.
The inv
ERX making Diamond & wedge; will it hold with island reversal?ERX Energy ETF made a diamond pattern. If this is a continuation pattern, In most cases price go down first to retest bottom before going up again. Then most probably, ERX may make an island reversal pattern & recover the black uptrendline. The greater wedge pattern must also hold. Then US economy c
ERX setting up for THE golden cross?? Look at the HUGE death cross coming to a close to possibly break out into the next golden cross that could be a major run up. This has taken YEARS to form!
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