Ocho... those 3X Bull and Bear etf's aren't made to be held. I don't know the technical intricacies of how they work, but there's something about balancing(?) or something like that, that they all decline over time. I mean sure you can get a great spike short term... but you might wanna do some research before you buy those things to hold them. I'm pretty sure that's a bad idea. Fwiw... Edit: oops... I see Max said the same thing.
Yeah I need the movement in oil higher to be at a rate faster than the loss in rolling contracts... Next few weeks will see chop and nothing as Corona slows down travel and oil demand. I need to make it past that point and see oil get back into the $40s for amaybe a move back to $8- $10 range. Would love to see it run to $20 and over but would need some crazy oil movement higher. So OILU will be a much shorter play but XOM and USO are definitely rest of the year.
The world is going to shut down one way or another and the markets know it. Only Trump and his moronic children didnt seem to get it.
You need to follow the advice of your guru, Joe Biden, and put the record player on and chill out a little. Every voter in American should be required to watch this the night before the election and ask themselves if they really want to sign up for this.