Daily Energy Bear 3x Shares (ERY) up 74% Since December 2015 but Has It lost its Steam?


If you had bought my latest book you would know that the short on energy (ERY) typically does well in January and that next week will be a time to consider pulling out purely based on seasonality.
Daily Energy Bear 3x Shares (ERY) have been rallying since the beginning of December of last year with a return of 74%!, but has it now lost its stream and is it time to sell for a more bullish outlook on energy right now?
From the graph last week you can see the short on energy (ERY) hit it’s high of $48.66, on Jan 20th 2016. Volume hasn’t supported the change yet, but it will be interesting to see what happen in the next couple of days.
If you have a copy of my book you can see when the best times are to trade this ETF. As there will be more opportunities later in the coming year.

1-25-2016 ERY chart