Direxion Daily Large Cap Bear 3X Shares
) - This
(ETF) seeks daily investment results of 300% of the inverse of
price performance of the Russell 1000 index. The fund normally
creates short positions by investing at least 80% of net assets
in financial instruments that, in combination, provide leveraged
and unleveraged exposure to the index.
With chart formations and moving average studies showing that
the market is overbought, traders (and I do mean traders and not
investors) may want to buy BGZ at $35.50 or lower with close
stops. If the indices reverse from current high levels, this
triple leveraged ETF could quickly run first to $38, and perhaps
even to $40.
Please remember that leveraged and inverse ETFs entail unique
risks, including but not limited to: use of leverage, aggressive
and complex investment techniques, and the use of derivatives.
Also, inverse ETFs seek to deliver the opposite of the
performance of a benchmark; however, returns over longer periods
will likely differ in amount and even direction. These products
require active, daily monitoring and management, and are not
suitable for all investors.
Trade of the Day
is not a fee-based managed portfolio, so buyers of illustrated
stocks must monitor their own buying and selling prices.
If you have questions or comments for Sam Collins, please
e-mail him at