EDC BullishBullish EDC based on break and now retest of the long term trend line, stop just under the break. Not financial advice.
Key stats
About Direxion Emerging Markets Bull 3X Shares
Expense ratio
1.13%
Home page
Inception date
Dec 17, 2008
ISIN
US25490K2814
EDC is an aggressive one-day bet on the widely followed MSCI Emerging Markets Index. The fund promises to provide 300% of the return of the index, which is a cap-weighted composite of emerging markets firms covering 85% of the market cap in those countries every day. This means heavy exposure to financials and technology, as well as to firms in China, South Korea, and Taiwan. As with most leveraged funds, it's designed to provide this exposure only for one trading day. Holding the fund for longer than one day will expose investors to the effects of compounding and may create significant drift between the expected return and what is actually realized. Also, consider that EDC is designed to be a short-term trading vehicle, not a long-term investment, so trading costs have a bigger impact than the expense ratio.
Classification
What's in the fund
Exposure type
Cash
ETF
Stock breakdown by region
EDC, IMPULSE SEEMS TO CONTINUE, +18% OPPORTUNITYEDC key support for impulse continuation is being confirmed (wave 4)
Risky +40% setupLittle risky in this consolidation/correction phase of the market to go bullish like that but, setting a good stop loss at the MA should do the trick. Nice risk:reward to get in don't you think?
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