DDDIREXION SHARES ETF TRUST DAILY S&P OIL & GAS EXP & PRD BR 2X(R/S)
176.500MXND
−11.500−6.12%
At close at Jun 13, 15:44 GMT
MXN
No trades
DRIP trade ideas
DRIP long ideaWith the OIL cycle coming to an end, 50 + days, I am watching DRIP as a possible counter trade. If the price can get over the 50 and break the trend line this could be a good runner. Maybe we get a repeat of March? You could buy here with a stop below the current price. The only draw back is that the OIL producers may not trade directly with OIL.
DRIP. Dynamic Trade on Both Falling OIL + Stock Prices DRIP Direxion's 3 X Short Oil and Natural Gas ETF
a long time favorite investment of mine,
is a dynamic way to play both falling oil and stock prices
On 10/23/18, DRIP rose almost 11 %, in just one trading day !
4 Hour Chart on DRIP shows a multi month base between 5 and 8with a sharp move up in the last month.
This h ETF often LEADS ...price movements in crude + stocks,
and is traded by some of the best traders out there, so you can also use it to measure divergences.
Note: A breakout and close above 8.65 in DRIP would be a POWERFUL BUY SIGNAL
and would immediately project the ETF to a 30 % potential move up to 12.50 !
THE_UNWIND
10/24/18 745 AM New York
DripI believe for most of us who have traded there have been times when we recognize when we had an urgency to take a trade in a very unclear market when we knew in a conscious or subconscious manner that this was a very uncomfortable trade we were about to make. Even if we have systematic ways to judge risk and reward and trade management, something inside of us is very uncomfortable about a trade we are about to take, and about to lose money. For most of us we know there are times when we felt the urgency and simultaneously felt the threat of a trade that we are about to take. We can even put a lot more time and analysis, and this can perhaps compel us that we must take a trade even though we don't feel much better, but we worked hard and did our best to reach a trade decision. We all know how this can turn out.
This video is about simple notation on a chart with much less detail that I would normally add to a chart in order to see how different high opportunity set ups look compared to more ambiguous and lower opportunities. The fact is systematically electing to find a trade in problematic markets generally will lose money, and it will not generally give you the best reward in my opinion. Each of us has to decide about markets in a very personal way. My belief is that some behaviors are much more reliable and give greater profit, and I believe simple notation can result in more clarity and better outcomes. I believe it is better to be a flea sitting on the back of an elephant then being a flea running headlong into an elephant running the opposite direction.
See what you think about the few lines that are on this chart, and if it resonates with you or might be something you think deserves more attention: then add Trip to your watchlist, and draw the basic lines as there are not many and then follow this market. You may have a market that you normally follow, then consider placing lines like this on one of your charts for that market and follow it for a while. If you don't draw the lines, you simply won't use this kind of analysis. If your impression is that this analysis has no value then there's no reason to draw the lines.
Inflection point, use CL1 for technicalsWith the standard rebalancing and leveraging of these products, you cannot use the DRIP technicals to find reliable trading points. CL1 is nearly a flat line, while DRIP has deteriorated downward (as it is designed to do). I am willing to sacrifice some of the profits for wishful thinking to break out higher.
*I am still long
**Stops around 88 and 86
***Might open a long oil position via UCO
Long Term Bear, do not hold 3x futures based productsI enjoy trading DRIP and I believe long term, oil is worth less than today. ESG is a movement that will continue, especially when it comes to China and India's eventual and inevitable higher participating in the space. Day trade DRIP, but do not hold. The issue arises from the cost to roll the futures and the cost to leverage the future or ETF into a swap that returns the 3x. The cost is high, the slippage is insurmountable, and the product will deteriorate even if you chose the correct trade. Examples of this are everywhere. Trade events and noise, it is a risk / reward play. Saudi oil field was the last great play for this product, any large move up in CL1 would be a short term long DRIP. If you chose to trade the technicals, do not use the ETF, but CL1. This includes USO, this will also deteriorate away from CL1.
**no position, but always waiting
**happy to share further details on this topic and how these products function
Bet against oil this week after surprise crude inventory buildThere's lots of bad news for crude oil prices right now.
Yesterday, OilPrice.com reported that "the American Petroleum Institute (API) has estimated a large crude oil inventory draw of 5.92 million barrels for the week ending September 26—a surprise compared to analyst expectations of a 1.567-million-barrel build." This morning, the US Energy Information Administration (EIA) confirmed the finding of a surprise inventory build, although the EIA's number is a little lower: "U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.1 million barrels from the previous week." This surprise inventory build comes despite significant efforts on the part of oil companies to scale back both imports and production, both of which were down week-over-week.
There's more bearish news for oil prices, too. Saudi Arabia is reporting its oil fields back at full production, and the US is exploring non-violent solutions to the Iran crisis, including sanctions and peace talks. Both those developments, while good for the world, are bad for oil prices. I've purchased some of the DRIP fund to profit from further declines in oil prices this week.
For more news and educational ideas, subscribe to my new YouTube channel for beginner investors, "Wall Street Petting Zoo"!
Buy DRIP ! For Lower Oil and Stock Market Prices in 2019If you believe as I do that we have entered
a new bear market, in both the stock market and in the crude oil market
then look no further than DRIP, Direxion's 3 X Bear Oil and Gas ETF.
A long time favorite of mine, DRIP will get you 2, for the price of one,
It is a bet on lower crude oil prices,.. and... a lower stock market,.. all in one !
The price of DRIP has recently fell almost 50 % this winter
after rising almost 250 % in the fall of 2018, quite a large price swing to say the least.
This ETF is NOT for "widows and orphans" as they say,
as It is extremely volatile, and does feature large overnight price gaps daily.
However, if you see opportunity as I do when prices are suddenly reduced,
as in a bargain basement sale of very good quality merchandise,
that is here today, and gone tomorrow,
then I suggest you closely monitor DRIP.
I have been accumulating DRIP, on this pullback.
Chaikin Money Flow CMF is suggesting Accumulation, Money Entering Drip, on this pullback.
DRIP traders are some of the best and smartest out there.
They seem to always know, ahead of time, which can give you a heads up, to a impending move in both oil, and stocks.
If the stock market, and crude oil, once again open to the downside,
then owning DRIP may give you an opportunity to DOUBLE YOUR INVESTMENT,
100 % return possible, back to the highs at 26, in a very short period of time.
DRIP Last 13.68
THE_UNWIND
1/5/19
NEW YORK
DRIP LongPlease see attached similarities between RSI and market movements in early 2013 IPO of Facebook $FB, and early market movements of $DRIP. I see long term weakness in S&P500, till mid 2019 at least. Oil is going lower too.
I can see $30 $DRIP by mid-January, and $68 $DRIP by March to June. But this could go back to IPO too, but that will take much longer, (5-10 years).
Could be wrong, invest at your own risk. I'm just some guy on the internet.
