Posted by racerick on 31st of Dec 2014 at 05:34 am
UCO is based on 2X the actual futures price of oil, performance
has nothing to do with tax selling. You probably don't want to be
anywhere near UCO, unless you're short, until you think oil has
bottomed. It's done exactly what it was designed to do.
XLE is a stock based ETF, XOM, CVX, SLB, etc.
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UCO
Posted by amcap on 30th of Dec 2014 at 02:32 pm
http://scharts.co/1ty6PLf Daily chart, UCO showing signs of life
Is tax loss selling going
Posted by rbreese on 30th of Dec 2014 at 04:21 pm
Is tax loss selling going to keep pressure on until close tomorrow? Why have other ETF like XLE acting so much better? THX
UCO
Posted by racerick on 31st of Dec 2014 at 05:34 am
UCO is based on 2X the actual futures price of oil, performance has nothing to do with tax selling. You probably don't want to be anywhere near UCO, unless you're short, until you think oil has bottomed. It's done exactly what it was designed to do.
XLE is a stock based ETF, XOM, CVX, SLB, etc.