Take a look at the DUG chart below. Notice that RSI has made a higher low while price action has made a lower low. The ETF, which is short oil and gas, is also extremely oversold. I took a small position this morning.
DUG Divergence
Trading Stocks & Personal Development: Making the Complex Simple.
Take a look at the DUG chart below. Notice that RSI has made a higher low while price action has made a lower low. The ETF, which is short oil and gas, is also extremely oversold. I took a small position this morning.
Paul J Singh 
I’ve been trying to research this fund to see how and how well it meets its objective of returning twice the inverse of the DJ Oil & Gas Index.Looks like they credit default swaps to do this.Do you think this is a good vehicle for shorting oil?
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Nice.I took a long position in DUG today as well. I highlighted my entry on my blog today.
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Nice call here. I put in a limit order on the DUG yesterday afternoon but it got away from me. I think this is a real good setup.
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Wow, your DUG trade was unbelievably well-timed!
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Great blog and congrats on a well-timed trade. The volume on DUG over the last several days is astronomical.
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