ERX News and Press, Direxion Energy Bull 3X Shares From 03/08/21

Crude oil prices shrugged off the overnight attack on a key Saudi Arabian oil export facility to finish lower, retreating from a peak above $70/bbl attained for the first time since the start of the pandemic a year ago."The situation evaporated when it became obvious that there was no damage ...

Here is the thing that's worrying me the most. I don't like it when others get really bulled up. The tech bubble bust is in its early infancy. Energy stocks are still pretty ridiculous to be priced here. For further details see: What Are My Worries And Where Are We H...

Brent crude oil (CO1:COM) futures jumps above $70/bbl for the first time since the start of the pandemic, while U.S. WTI crude (CL1:COM) hit its highest level in more than two years, after Saudi Arabia said one of its oil export facilities had been attacked.May Brent crude recently was +2% to...

Gainers: Microsectors U.S. Big Oil Index 3X ETN (NRGU) +33.1%.Breakwave Dry Bulk Shipping ETF (BDRY) +27.8%.S&P Oil & Gas Expl Bull 3X Direxion (GUSH) +24.7%.Ultra Oil & Gas Proshares (DIG) +20.7%.Energy Bull 2X Direxion (ERX) +20.7%.Losers: U.S....

Energy ([[XLE]] +2.7%) forges to the front of the S&P sector standings, although it has backed a bit off its opening high amid general weakness in the market.The gains come as crude oil futures climb to their highest levels in nearly two years, a day after OPEC and its allies said they wo...

On a year to date basis, again, energy is the top-performing sector up 31.7% followed by financials, communication services, industrials and materials. Year to date, technology continues to slip in performance and is now negative for the year down .7%. The economic data also suppo...

The American Petroleum Institute is poised to embrace putting a price on carbon emissions as a policy that would "lead to the most economic paths to achieve the ambitions of the Paris Agreement," WSJ reports, citing a draft statement prepared by the lobby group."API supports economy-wide carb...

Oil producers are pulling back in the early going as crude oil futures hold steady losses, under pressure from a higher dollar and a selloff in bond markets that has spooked risky assets.April WTI crude (CL1:COM) -1.8% to $62.38/bbl after yesterday posting its highest front-month close in 22 ...

There are some extraordinary things that are going on that we have not seen in a long, long time. As we think about what the implications for portfolio construction are, we first need to ask ourselves what is the role of the different asset classes in the portfolio. What if inflat...

Energy has outperformed tech by ~24% this month. This is matching the outperformance we saw in November following the vaccine news. Such intense sector outperformance/underperformance usually highlights the end to a leader sector. The tech stock reign is over, and energy is go...