BATS:TECL   Direxion Technology Bull 3X Shares
For those who want to trade the tech sector but don't want to allocate a large portion of their account to the likes of AAPL , TECL is a legitimate contender for consideration. Billed as a 3x Bull ETF , it does a decent though imperfect job of mimicking the price movement of the NASDAQ,

The allocation is 78% tech, 13% communication services,4% financial, and about 1% consumer cyclical. A somewhat strange mixture perhaps but still acceptable. With an expense ratio of 0.95%, it is a bit heavy but with the right method these factors are not insurmountable to making a nice steady profit if you are looking for a leveraged tech sector ETF to trade. If you are unfamiliar with leveraged instruments, be sure to do due diligence before trading them as they do not perform in the exact same manner as stocks.

On the chart we have identified the entries and targets. Note that the recent action of AAPL and TECL are almost identical, and that is not unexpected.

Keep in mind that the levels shown are not time dependent, meaning there is no attempt to specify the time in which a target may be reached, only the price. Our clients receive an analysis that incorporates time as a factor in the target levels but we do not publish that information on the site here.


Intraday Long 1st target reached @ 61.50. Bullseye.