Home Forums Ask Sean Bullish oil play

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  • Bernay
    Participant
    Post count: 18

    Hi Sean, with your advice I have 3 positions in oil.Would a Bullish ETF such as ERX be a good leveraged play when chart looks favorable. I know this can be a day trade but what if held when RSI and MACd look good.

    Sean Hyman
    Keymaster
    Post count: 11198

    No, ERX is really a day trading/intraday trading instrument. When oil is declining, it drops like a rock. So, I would not encourage you into that position. We have plenty of oil-related exposure in our portfolio. No need to make it overly-heavy in one segment.

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