Direxion Shares ETF Trust - Direxion Daily Financial Bear 3X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. It invests through derivatives and through other funds in stocks of companies operating across financials sectors. The fund employs short strategy and uses derivatives such as futures, swaps to create its portfolio. The fund invests in growth and value stocks of large-cap companies. It seeks to track -3x the daily performance of the Financials Select Sector Index. Direxion Shares ETF Trust - Direxion Daily Financial Bear 3X Shares was formed on November 6, 2008 and is domiciled in the United States. The investment seeks daily investment results of 300% of the inverse (or opposite) of the daily performance of the Financials Select Sector Index. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in swap agreements, futures contracts, short positions or other financial instruments that provide inverse (opposite) or short daily 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
Thanks LauraIea... I appreciate your analysis as always. I like your conservative measuring at the lower right corner of the flag rather than from the upper right corner...better price to enter IF YOU CAN GRAB IT. So... it seems that your chart showing all of the "lolly-gagging/indecision" that prolonged the final breakout and made the flag almost too long is also stunting directional price movement straight out of the flag. It starts going sideways but at a slightly lower priced box range. I can tell you that I've already waisted sooo much time with my nose riveted to the screen trying to determine what the candlesticks/volume/ moving averages are saying about candles that are sooooo small that you can't even see what they are (thankfully the Nison Scanner identifies them) nor make sense of their signals after days and days of then endless sideways dance! Not to say that I haven't seen any decent or huge moves up or down after a breakout...but...this sideways never ending consolidation is like watching paint dry...right? Probably if this were easy everyone would be doing it but is there a way to tell when a breakout is imminent? Like you said about the trading almost extending too far out of the flag...except much earlier in the process?
lauralea
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@mjstach1,I agree, a lot of CHOP! I am in cash for the most part as my mom has been ill so I do not have the time I did to watch for the sell signals. etc. If I do get in, it is fast and furious.
Good luck (o:
mjstach1
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@lauralea, Thank you and I'm sorry to hear about your mom :( yes that would be an impossible/difficult time to trade with your mom needing your attention. I think that's what I may need to do is trade small moves...in and out...otherwise watching all this sideways movement all day long not only is a waste of time but it will keep me from even being interested. Best to you and your mom.
I can tell you that I've already waisted sooo much time with my nose riveted to the screen trying to determine what the candlesticks/volume/ moving averages are saying about candles that are sooooo small that you can't even see what they are (thankfully the Nison Scanner identifies them) nor make sense of their signals after days and days of then endless sideways dance! Not to say that I haven't seen any decent or huge moves up or down after a breakout...but...this sideways never ending consolidation is like watching paint dry...right? Probably if this were easy everyone would be doing it but is there a way to tell when a breakout is imminent? Like you said about the trading almost extending too far out of the flag...except much earlier in the process?