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.
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.