Even with oil up nearly $5 yesterday, oil stocks sold off sharply towards the end of the day. Below we highlight two leveraged energy stock ETFs that saw their biggest one-day volumes ever yesterday on big price reversals. DUG is the Ultra (2X) Short Oil & Gas stock ETF, while DIG is the Ultra (2X) Long one. As shown, the inverse oil stock ETF (DUG) was up yesterday while DIG was down. We put out a note to Premium members earlier highlighting that this is the first time since February 2005 that energy stocks were down more than 1% while oil (the commodity) was up more than 3% on the day. Does yesterday's selloff in energy stocks signify the start of rotation out of these names or just one day of profit taking?
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