Leveraged.
Appears to be a shark and the 4th leg, if it has finished, terminated at the .886.
Valley 2 is lower than Valley 1.
If this is a shark it will reverse at the .886 or the 1.113 of OX.
No recommendation.
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of the United States. The fund invests directly, through derivatives and through other funds in stocks of companies operating across financials sectors. It uses derivatives such as futures, swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. The fund seeks to track 3x the daily performance of the Financials Select Sector Index. Direxion Shares ETF Trust - Direxion Daily Financial Bull 3X Shares was formed on November 6, 2008 and is domiciled in the United States.
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Financials Select Sector Index. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index includes securities of companies from the following industries: Banks; Thrifts & Mortgage Finance; Diversified Financial Services; Consumer Finance; capital markets; Insurance; and Mortgage REITs. It is non-diversified. Benchmark: Financials Select Sector TR USD
Appears to be a shark and the 4th leg, if it has finished, terminated at the .886.
Valley 2 is lower than Valley 1.
If this is a shark it will reverse at the .886 or the 1.113 of OX.
No recommendation.
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of the United States. The fund invests directly, through derivatives and through other funds in stocks of companies operating across financials sectors. It uses derivatives such as futures, swaps to create its portfolio. It invests in growth and value stocks of large-cap companies. The fund seeks to track 3x the daily performance of the Financials Select Sector Index. Direxion Shares ETF Trust - Direxion Daily Financial Bull 3X Shares was formed on November 6, 2008 and is domiciled in the United States.
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Financials Select Sector Index. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index includes securities of companies from the following industries: Banks; Thrifts & Mortgage Finance; Diversified Financial Services; Consumer Finance; capital markets; Insurance; and Mortgage REITs. It is non-diversified. Benchmark: Financials Select Sector TR USD