Direxion Daily Large Cap Bull 3X Shares
) - This exchange-traded fund (ETF) seeks investment results
equal to 300% of the daily performance of the Russell 1000 Index.
Since it tracks large-cap stocks, it has matched the pattern of
other indices like the S&P 500 and the Dow 30.
On Aug. 26,
, "Yesterday [Aug. 25], it performed a key reversal, much like
the indices. Also like them, it triggered a buy signal from our
proprietary Collins-Bollinger Reversal (CBR) indicator.
"Initially, look for BGU to close the gap between $42.22 and
$43.07. Then it could jump to the 50-day
at $45.75, and even to $50."
BGU has achieved all targets, and with the major indices at
, it is time for traders to cash in their profits - NOW!
This leveraged ETF is a very volatile and speculative vehicle
that is only appropriate for those willing to be disciplined
traders. It is not suitable for investors. Check with your broker
regarding stop-loss policies and margin requirements, which are
If you have questions or comments for Sam Collins, please
e-mail him at
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