DIREXION SHARES ETF TRUST

TECL NYSE ARCA & MKT

TradersForecast

The ToW algo below has over 1 mil. % net profit for TECL since 2013 (see details below). It currently has a bearish signal for TECL (and QQQ, XLQ, TQQQ).

TradersForecast

The TECL algo has over 680,000% profit since 2012 in backtesting (see testing screen below). In forward testing it predicted the September market fall (see short order, orange bar on Sep. 1) and it's recovery (see long order, green bar on Sep. 23). It gave a bearish signal (see the red bar down). TECL is a leveraged 3x bull tech ETF and it's closely related to...

TradersForecast

First the algo gave a bullish signal for AAPL, QQQ and TECL on Friday which stayed on till the close of trading. (The 3 tickers are highly correlated as AAPL is the main holding of QQQ and TECL--the latter being a leveraged 3x bull tech ETF based on the same holdings as XLK). The most significant bullish signal is TECL which has a performance of 699,963% profit...

TradersForecast

The algo has 600,000% profit since 2018 in backtesting (the version optimized for SPY and used unchanged for TECL has about 50,000% profit--the point is that the SPY strategy is not optimized for TECL, let alone overoptimized, which is hte common problem of strategies which look good in backtesting but fail in forward testing). It gave a buy long signal earlier...

TradersForecast

The strategy here was optimized for SPY (not TECL or technology sector) and used for TECL without any changes (the point it is not overoptimized for TECL which is often a problem with backtesting). Still, the results are excellent. The backtesting since 2010 shows 51,683.9% profit (not a typo), 30 profit factor and 65% profitable trades! For this year only the...

AlexJimenezMejorada

TECL to 415

sparrow_hawk_737

Although it is overextended, we have to consider the pop in Salesforce and its impact on TECL.

DylanSilverman

3X TECH SECTOR!? HOW HAVE I NEVER HEARD OF THIS GOLDMINE

averqueshow

Volume bearish divergence, overbought RSI, MACD crossed

sparrow_hawk_737

Likely move to the middle or bottom of bullish channel.

DanjaZown

The market is too complacent. The call/put ratio is is where it was before the last crash. I'm not sure why the market is going up but wedges are appearing. Technology ETF TECL (inverse is TECS) is a short.

VjSharma_

Support/Resistance with respect to Wyckoff and current fundamentals. All of these prices are zones, so there is no specific value I am claiming the price will hit. I believe it will hit at/near the zones I marked.

bodeen88

The thick red line and the extra 50% drop by Dec 2020 reflects the possible slow cooling of the economy as the world shuts down to contain the coronavirus. I am long term bullish, so I will be buying at this point, and buying at many points in the future, not selling.

McllroyCharlee

Tech looking like it might take profit and fall another 50%

McllroyCharlee

100 day moving average doesn't seem to be bothered.

BradMatheny

My custom indictor is suggesting we've reached a zombie new high in the general markets and this indicator has reached highs equal to levels near December 2017. My interpretation of this peak is that the market could continue to try to push a bit higher - but overall this level has historically been an extreme overbought level and the markets have typically...

BradMatheny

What do you think? For any of you that follow my research, you'll understand that this chart (including the projected down arrow) would indicate a complete collapse of the Global captital markets and present a "washout" of valuations across the world. Could it happen - you bet. Will it happen - unknown at this time. My research suggests a down trend will...

McllroyCharlee

This should push above $187.