Trading Central: From a technical view, the ETF has pushed above a key declining trend line which has been in place since February 2013.
Regarding technical indicators, the daily MACD has validated a bullish divergence while the daily RSI is reversing up from a support area.
On a relative basis against the S&P500, the Direxion Daily Financial Bear 3x Shares is reversing up from its 20-day moving average which is reversing up.
Buy @ $32.10 – Stop loss @ $30 – Target @ $38
The Financial Bear 3X ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 1000Â® Financial Services Index. There is no guarantee the fund will meet its stated investment objective.
Ratio FAZ versus SP 500REBOUND
|Bullish Divergence: This corresponds to a disconnection between the prices evolution and that of the indicator. One will thus consider a bullish divergence when the oscillator is following an upward trend started in the oversold area while prices are still falling. This phenomenon is directly linked to the derived function status of indicators. Indeed, an increase of the indicator while prices are declining indicates that this decline is pursuing at a lower pace. This breathlessness of the market then lets expect a reversal on the upside.||MACD: this indicator (Moving Average Convergence / Divergence) reflects a difference between moving averages and refers to the ascendancy or not of the mid-term relative to the short term. The considered average lengths are respectively 26 days (0.075 exponential coefficient) and 12 days (exponential coefficient of 0.15).|
For more information on Direxion ETF go to: http://www.direxionfunds.com/
|The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Rafferty Asset Management, LLC, the advisor of the Direxion Shares ETFs, has formed a relationship with TRADING Central to sponsor this trade alert program and to have a subset of Direxion Shares ETFs considered by TRADING Central’s model, however, any opinion offered herein reflects TRADING Central’s current judgment and may change without notice. Rafferty Asset Management, does not provide investment advice or opinions to TRADING Central. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterized by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable. |
Services in the U.S. are offered through TRADING Central Americas, Inc. SEC Registered Investment Adviser (IARD/CRD 801-67210)
This message is intended for recipient only and not for further distribution without the consent of TRADING Central. Although TRADING Central attempts to sweep e-mail and attachments for viruses, it does not guarantee that either are virus-free and accepts no liability for any damage sustained as a result of viruses.
- Rebound Expected In The Direxion Daily Small Cap Bear 3X Shares (TZA)
- A Rebound Expected In The Direxion Daily Large Cap Bear 3X Shares ETF (SPXS)
- Further Upside Expected In The Direxion Daily 20+ Year Treasury Bear 3x Shares ETF (TMV)
- Expect A Rebound In The Direxion Daily 20+ Year Treasury Bear 3x Shares (TMV)
- Rebound Expected In The Direxion Daily Gold Miners Bull 3x Shares ETF (NUGT)
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here