BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Mat1791

[mostlylose]

Hey Mat, very impressed with your knowledge. If you had to put all your eggs in one basket to ride the (hopefully) oil price comeback, which etf or stock would you go with?

[Mat1791]

Mostlylose, I might have educated myself on how these commodity etfs work, but I have no more knowledge then anyone else on where thing will go, or what direction. IMO, I first came to HOU because I thought oil would rise, and the 2X leverage interested me.  I still feel oil in the next 6-9 months will end up somewhere between $35-$45.  I'm not interested in energy companies, long

[Elviswong1]

Hello Matt since gold is mostly overvalued I took a risk with HGD and tomorrow I think I will jump into HNU

[starman1975]

Gold will go to $5000 in five years.  OIL is black gold.  stick to OIL and or GOLD

[Chris_toronto]

Mine would be HOD at this point in time. I'm not really bearish the September oil contract but if I could short the June which hit ~$27 recently I would in a heartbeat take that gamble. Storage is approaching max capacity, delivery of June WTI is due soon and COVID-19 playing its worst case scenario on a global basis. I know USO has some June and July oil. Anybody know if it has an inverse

[Mat1791]

I'm with you on the front or 2nd contract.  Can for sure see a supply issue as we get closer to front rollover.  Everything was broken, nothing to play short term contracts.... However, I'm still thinking that with a diminished demand picture throughout the summer (but better then present), current supply cuts kicking in, and the beginning of production failures and shut downs

[Chris_toronto]

It's either comforting or scary how in-tune our forecasts are. Except that I will stretch mine for the summer to low $40's, so I'm upping you one :) But first we will have to get through the next 3 weeks.fwiw, I have been daytrading HUC. Sold half my position early this morning and bought a quarter back by the close. But whenever I boast about winning trades I jinx it so maybe that

[Chris_toronto]

Does HOD NAV gain on the monthly rollover because of contagion? i.e. the opposite of HOU's loss.