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ERX - Direxion Daily Energy Bull 2X Shares: Now Comes The Hard Part
Direxion Energy Bull 3X Shares
ERX is one of the best performing ETFs this year with leveraged exposure to energy stocks.
The Russia-Ukraine situation along with trade sanctions by the U.S. has added bullish momentum to the sector.
Challenge is that the surge in oil and gas prices may force an accelerated shift towards clean energy alternatives as a long-term bearish headwind to the sector.
While ERX has been a strong performer, we see higher volatility going forward amid several balancing dynamics.