Stock Market Pops Higher Ahead Of Big Retail Earnings Week: This Fund Offers A Return Of 300%
Portfolio Pulse from Melanie Schaffer
The SPDR S&P 500 (NYSE:SPY) closed 0.55% higher on Monday, but the current trend suggests it may trade lower. However, positive reactions to retail-heavy earnings this week could turn the market bullish. Home Depot, Target, and Walmart are set to release their financial results this week. Traders can play the SPY through Direxion Daily S&P 500 Bull 3X Shares (NYSE:SPXL) and Direxion Daily S&P 500 Bear 3X Shares (NYSE: SPXS), which are triple leveraged funds that track the movement of the SPY.
August 14, 2023 | 8:12 pm
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NEUTRAL IMPACT
Traders can play the SPY through SPXL, which is a triple leveraged fund that tracks the movement of the SPY.
Traders can play the SPY through SPXL, which is a triple leveraged fund that tracks the movement of the SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Traders can play the SPY through SPXS, which is a triple leveraged fund that tracks the movement of the SPY.
Traders can play the SPY through SPXS, which is a triple leveraged fund that tracks the movement of the SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY closed higher but may trade lower. Positive reactions to retail-heavy earnings this week could turn the market bullish.
The SPY closed higher on Monday, but the current trend suggests it may trade lower. However, positive reactions to retail-heavy earnings this week could turn the market bullish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100