DIREXION: New 3x ETF Poised for Gains in 2020
This is a brand new (about 2 months old) leveraged ETF that was brought-about recently that looks fairly promising in my opinion for 2020. Many of the stocks in this etf actually have significant promise in 2020 and many of them consolidated in 2020 and actually have the potential to "grow" and "catch-up" to the broader tech sector.
As bullish as I am on precious metals and energy I am not bearish in the equity market for 2020 as I see low double-digit gains, hence there is still solid capital appreciation in certain sectors to be had.
This etf includes: Amazon, Facebook, Cisco, Salesforce, PayPal, Google, Netflix, Twitter and eBay. Most of these companies either consolidated or made some gains but not nearly the extent as the broader market for 2019.
I expect Amazon to gain 20% in 2020 and Facebook could soar 30 or 40% in 2020 as well; Salesforce is nearing break-out and Cisco is due for a rebound; Paypal and eBay are on the upswing; and Twitter and Netflix has mostly bottomed.
I would wait to see how the markets react to, or not to, a potential sell-off in the first 2-2 1/2 weeks of the new year.
- zSplit
As bullish as I am on precious metals and energy I am not bearish in the equity market for 2020 as I see low double-digit gains, hence there is still solid capital appreciation in certain sectors to be had.
This etf includes: Amazon, Facebook, Cisco, Salesforce, PayPal, Google, Netflix, Twitter and eBay. Most of these companies either consolidated or made some gains but not nearly the extent as the broader market for 2019.
I expect Amazon to gain 20% in 2020 and Facebook could soar 30 or 40% in 2020 as well; Salesforce is nearing break-out and Cisco is due for a rebound; Paypal and eBay are on the upswing; and Twitter and Netflix has mostly bottomed.
I would wait to see how the markets react to, or not to, a potential sell-off in the first 2-2 1/2 weeks of the new year.
- zSplit
