sell in Mid-August---don't listen to those who want you to sell HOD early.
---look at a chart comparing crude oil price this year to last year. You will see an exact tracking pointing to a low point in mid-August. Not the low we saw in Feb., but most below $40..
---rig counts are up & supply/injections into inventory will spike (maybe this weekend), but demand will be down starting in August as refineries will be retooling early.
---more $$$ mgrs. saying a correction is coming & volatility will spike in August-Sept. (perfect storm)
---recent talk that an interest rate increase by the FED is back on the table for Sept.
---N.A. stk mkt rally is a search for yield (from worldwide) & by those who don't want to miss this rally (not all of the extensive $$$ sitting on the sidelines is smart $$$) , but is not based upon fundamentals.
SO whether you own inverse or X etfs hold on for a few more weeks.
Watch those inventory levels this week!
carlos