Around 4.75% if calculated based on yesterday closing price of 61.60.
But, since it has lost more than 10% YTD, the dividend yield may not mean much here for those energy companies in this ETF. No end in sight in oversupply of crude at this time. The latest comments from IEA chief for 2016 outlook still quite bearish for crude.

OPEC won't do its job to control production to limit prices from falling but letting free for all just to gain market share.
Like that, bears will continue to play and swim in oil here.

Day 3, XLE recovers $3... step by step despite crude hanging around $37.
I think there is a chance to see $64-$65. That would be my grouper meal too. Wish me luck.

This post has been edited by danmooncake: Dec 11 2015, 12:24 AM

Just 26c away from 64, then they start taking proft already.
Hopefully we can see more push to U shape recovery between 64-65 by tomorrow.

This post has been edited by danmooncake: Dec 11 2015, 02:53 AM

Can't get 64 for XLE by this weekend. Time to take money off the table too.

I don't trust this floor at low 60.xx this time around because the general market is also very weak.

Wait till SP500 and Dow stabilize first... SP500 could go below 2000 and it will bring everything down.
Lots of interest rate hike fears again for next week.

Maybe after hike, it will stabilize and the bulls will be happy again.

Wow! DWTI broke thru $200 ceiling...

It is also quite scary at this level. In Aug, once it got to 236, it took only 3 days to plunge 100 pts.

This post has been edited by danmooncake: Dec 12 2015, 05:32 AM

DWTI at 215.. this is insane level.

I agree with you.. DWTI at this level will give also me heart attack unless you're already holding it
since couple of weeks back (or dare to hold overnight.)

I think will it continue to rocket up because of the math of inverse crude.
If crude continues to drop to another 10%-20%... can DWTI could blast upward another 30-60%?

Massive shorts of oil also can the other effect, there will be massive squeeze the very moment OPEC
changes their mind. All they need is to surprise everyone and say "we going to cut production to..xxx", maybe not even finish that sentence, boom, we will see reversal.

Heck, even XLE near 52 weeks low (below 60 now).

I think better to stay at sidelines and watch for bounce first.

This post has been edited by danmooncake: Dec 14 2015, 10:59 PM

Did you all also catch that bounce yesterday? Going to take some cash off the table before the Fed announcement and see what happens.

For XLE, there is a gap between 61 and 61.65'ish. I think got ikan opportunity here.

Waah... papa bear come out and play for 2016!!

I think it made quite an impressive entry with Dow -450 pts at open.

Even papa bear also must cover a bit to make sure he can reshort again, right?

There is a gap to fill now. The bull machines love to fill those gap.
I think it should be positive (green) but no higher than last Thursday high unless all these China PMI fear actually meant nothing.

Suprisingly, the oil market didn't lose much..

Waah! What a day. Papa bear came out again after N.Korea drop that bomb test.

Hey guys, DWTI finally hit (and break above) that 52 weeks high again with Oil breaking down below $35.
It is also rare to see Brent break down below $35 and on par with WTI.

Hard to imagine what price DWTI will zoom to if Oil really drops to twenties.

But at this level, it is also scary to play. . Are you still trading this?

DWTI 251.xx, almost 15% gain...

ok-lah.. better take profit, don't let this reverse course and get away.

Yes. You are correct. In reality, one can't hold this overnight
Only if one has bought from yesterday close, tonight it would that 15% pop.

I guess that 5% drop in oil equates to 15% gain in DWTI.

Oil now has lost the $35 support. I guess it won't be long before we see $30 or even sub $30.
$25 would trigger capitulation.. I think if this happens, the traders will go in and turn the ship around.

Ouch.. I don't like US1=Rm 4.5

We should export bottled water to those countries that need it.. easier to make than drilling oil from ground.

At $30'sh, no way those company can make money anymore. Might as close shop here.

I believe even OPEC countries are losing revenue here but they're not saying it.

I think if it dips below $30, we could see a huge rebound the very moment they say "supply cut" or another
unsuspecting supply distribution.

AAPL below $100.. any takers?

It seems Dow futures already reacted to China 2nd circuit breakers news. Now, I think we got some bargain buyers trying to come in and anticipate the job numbers tomorrow since the ADP numbers were strong yesterday.

Also, China intervention by banning selling and circuit breaker didn't help. It sparks more fear among the uncles and aunties in the China's stock market.

It's really difficult to predict China stock market since it is diverging away from the real economy.
A "slow down" in growth (not negative here) generated a lot of uncertainties in their financial market.
The indecision by CSRC for their on/off circuit breakers just added more fears. Furthermore, their inclusion by IMF for reserve currency also big mistake.. they manipulated their currency by devaluing it even more just because they want to prop up their market.