ERX has the same holding info as XLE but they also use treasury swap to achieve the financial wizardry of 3x leverage.
They (the company Direxion) claims ERX will try to mimic the percentage move of Oil services sector (XLE) in 3 times percentage (either direction) for a single day. It reset itself the next day. It isn't 100% but close to it. Go ahead and track it for a couple of days and see if is true or not. Needs to be careful here if you want to play this.  The volume is low because it doesn't matter how many buyers or sellers, the machine simply creates these ETF on the fly and daily rebalance at the end of the day. There aren't a limited supply or demand..on these instruments. 

Also, the options for this leverage vehicle are quite juicy...    and  the margin requirement for ERX is kinda high too.. so check with your broker.  They may not allow you to short it but  you can use ERY (the bear side of ERX) instead. 

nymex hitting.59 soon.
xle, give me 80! or more!

Waah.. am I seeing the birth of little groupers here?? 

can't fight the bull at least in short term....bull is all around the world actually....i mean, US and China. well, others....stays as "others" only. 
however, Yellen recently kept reminding investors US stock market is expensive....she plans to call out the bears, it seems....

The real bear force will commense if ES 2110 is being taken out but again we have auntie Yellen to save the market  again this Friday at 1pm CST 

looks an uneventful early evening with flat data such as unemp claims +10k ....
caught my little sune ikan kicit.

strange 2- sided debate about rate hike. when data are poor, delayed rate hike and many shout 'bull'!
but the pessimists argue that poor data signal poor economy and these people shout 'bear' !
i think it all depends on their calls > up or down.

Morgan Stanley explains why Apple could rise 50%
http://www.cnbc.com/id/102698349

Market profile indicates the market is ready for another new all time high ahead of long weekends. Seeing the poor double-distribution structure from two days ago were being repaired last night.

God helps the Bears 

Hedging is no fun, it's literally slapping your face on the left while sayang-ing the other side of your face. No wonder those hedge fund managers out there take drugs and having big fun with prosti-X.

my target of 3.55 almost hit in past 2 weeks, should have bought some USD that time, then only wish/hope for more to come, perhaps 3.40-3.45. If USD rebound to breakout 3.70, most likely gotta wait much longer to get good deal. 

i deposit rm into usd at hlib by using its foreign trade acc facility. so i have been using my 'foreign' money at dows when necessary. still waiting for rm to be bit lower for more rm-usd deposit.

thanks for sharing. Not sure if hkd<->usd got this feature or not. I only trade these two at the moment.
however, since i am still in the process of transferring my RM stocks into HK/US stocks (aka foreign currency asset in a way), strong RM is my major concern. LOL. Still long way to go. Now at 4:6  (FF:Local), target at 6:4 or 7:3 

i deposit rm into usd at hlib by using its foreign trade acc facility. so i have been using my 'foreign' money at dows when necessary. still waiting for rm to be bit lower for more rm-usd deposit.

No wait.. one more round of touching 1USD = RM3.70, let me buy more Ringgit first, then Ringgit can go up.

We need more US rates hike fear, or 1MDB debt bursting fear stories to cause more Msian bond rates to go up or Ringgit to fall first.