I mentioned this yesterday, (or maybe the day before, it's all getting blurred now) but the XLV is at a 9 on my number line now. BMY looking particularly good today despite the "weakness," (if you can call today's action weak).
You lose < 10% per day! What if we are stuck in a 20 day downdraft? It can happen, it has happened, tho not in this commodity.
I don't manage a fund. That's 3% in a day. I'm talking about swing trading this. There are huge swings in this thing. This product moves far more then any FX product. And btw, ETF's can't go limit. They keep trading even if the futures go limit.
My apologies, I was under the belief that you ran a fund and were here to chat it up with us retailers out of boredom. Don't let you head swell too much Okay, that said, I will look into this UNG.