2035CRASH

this is the ETF that tracks two-times the energy index

 

technical indicators are at extreme oversold levels and about to turn up the all time low for HEU was reached several times on nov 20, dec 5  and dec 24th in the 3.40-3.75 range. it reached as high as $6.05 on jan 06 2009, but it has since given up ground and it closed below $4 yesterday at 3.97 and all the technical indicators are pretty close to the bottom

 

the “slow stochastics” leading indicator has only been less than 30, 4 times the past 3 months, 5 times including now. it has only been less than 20 once in the past 3 months, twice including now the indicator is now 18.44 and heading down fast. the lowest it has been was nov 21st when the indicator reached 6.70 before turning back up the indicator may reach 10 tomorrow, as it dropped from 31.20 yesterady, to 18.44 today the price of HEU was as low as 3.36 on nov 20th, and on nov 28th in one week, the price reached $6.00.

 

volatility is to be expected.  HEU can be expected to drop into the 3.60-3.75 range for maybe 2-3 days max, before probably heading back up to the 5.50-6.50 range over the next 3-6 weeks.