One reader asked me what to do about ERY today, and I though i would share my opinion with all of you out there ! ERY(Triple short XLE) is in a death spiral ! XLE has broken to the upside as I have tried to show recently (Click here!) . I have previously adressed my fears of a rally of XLE towards $60 leading the S&P 500 above 1100 (Click Here!) . So far, XLE is still in rally mode, and I don't see why would someone rush in and buy ERY today. Of course this ETF could produce significant returns once XLE reverses back down , but I don't see XLE revesing just yet !
