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Joined Apr 1, 2010
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Sharks in the Energy Waters

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With the persistent weakness in crude oil, energy stocks are under pressure today again.

After a multi-week bounce, the energy sector ETF weekly timeframe, below, could easily be rolling over from the highlighted bear flag consolidation.  I view $84, then $82 as downside levels bulls need to defend

ERY is a bearish triple-levered short ETF for the energy sector to keep on watch.

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XLE

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