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Daily Energy Bear 3x Shares (ERY) Up 74% Since December 2015 But Has It Lost It's Steam?

|Includes: ERX, Direxion Daily Energy Bear 3x Shares ETF (ERY)

If you had bought my latest book you would know that the short on energy (NYSEARCA: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.