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SPXS

Direxion Daily S&P 500 Bear 3X Shares

https://www.direxion.com/product/daily-sp-500-bull-bear-3x-etfs

Industry

Asset Management - Leveraged

The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is a float-adjusted, market capitalization-weighted index. The fund is non-diversified.

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The SPDR S&P 500 (SPY) reached a new all-time high after a favorable U.S. inflation report. The central bank is expected to hold rates steady until September, with a potential rate cut. Traders can use Direxion ETFs (SPXL for bullish and SPXS for bearish positions) to play the SPY's movements.

Portfolio Pulse from Melanie Schaffer

May 15, 2024 | 3:30 pm

The SPDR S&P 500 ETF (SPY) is experiencing a slight decline ahead of the Federal Reserve's interest rate decision, with investors closely watching for signals on future rate movements. The ETF has entered a downtrend after a significant run-up, and its short-term outlook appears weak. Direxion Daily S&P 500 Bull 3X Shares (SPXL) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) offer leveraged bullish and bearish trading opportunities on the SPY's movements.

Portfolio Pulse from Melanie Schaffer

May 01, 2024 | 3:24 pm

The SPDR S&P 500 ETF (SPY) rose by 0.3% amid optimism for Federal Reserve rate cuts, respecting a rising channel pattern. Bullish indicators have led to a 10% surge in SPY in the first quarter. Traders can use Direxion Daily S&P 500 Bull 3X Shares (SPXL) for bullish positions and Direxion Daily S&P 500 Bear 3X Shares (SPXS) for bearish positions, both tracking SPY movements with 300% leverage. Leveraged ETFs are recommended for short-term trading.

Portfolio Pulse from Melanie Schaffer

April 03, 2024 | 5:41 pm

The S&P 500 surpassed the 5000 mark, driven by optimism over potential Federal Reserve rate cuts and stable inflation rates. The SPDR S&P 500 ETF (SPY) and leveraged ETFs like Direxion Daily S&P 500 Bull 3X Shares (SPXL) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) are highlighted as reaching overbought territory, suggesting a short-term pullback. The article discusses trading strategies for SPY, SPXL, and SPXS in the current market conditions.

Portfolio Pulse from Melanie Schaffer

February 09, 2024 | 5:03 pm

The SPDR S&P 500 ETF (SPY) showed slight gains on Wednesday, continuing its consolidation after Monday's significant rise. The market is anticipating key US consumer inflation data set to be released on Thursday, which could significantly impact the direction of SPY. Traders looking to take short-term positions based on the upcoming data may use the Direxion Daily S&P 500 Bull 3X Shares (SPXL) for a bullish stance or the Direxion Daily S&P 500 Bear 3X Shares (SPXS) for a bearish approach. Both SPXL and SPXS are triple-leveraged ETFs tracking SPY's movements. The article suggests that SPXL is showing a bullish pattern but warns of a potential new downtrend if negative market reactions occur after the inflation data release.

Portfolio Pulse from Melanie Schaffer

January 10, 2024 | 6:10 pm

Goldman Sachs' chief equity strategist David Kostin has raised the year-end target for the S&P 500 index in 2024 to 5,100, indicating a 7% rise from current levels and a new all-time high. This contrasts with Cleveland Fed President Loretta Mester's caution against the recent market rally. The SPDR S&P 500 ETF (SPY) is showing bullish signs, attempting to break out from a bull flag pattern. Traders can use Direxion Daily S&P 500 Bull 3X Shares (SPXL) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) to play the market bullishly or bearishly, respectively.

Portfolio Pulse from Melanie Schaffer

December 18, 2023 | 6:54 pm

The SPDR S&P 500 ETF (SPY) saw a slight increase despite higher-than-expected U.S. non-farm payrolls data, which could affect Federal Reserve rate cut decisions. The SPY is maintaining its uptrend and is above the eight-day EMA. Traders can use Direxion Daily S&P 500 Bull 3X Shares (SPXL) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) to play the market bullishly or bearishly. SPXL is showing a bull flag pattern with a potential move towards $126, while maintaining its uptrend. Leveraged ETFs like SPXL and SPXS are intended for short-term trading, not long-term investments.

Portfolio Pulse from Melanie Schaffer

December 08, 2023 | 7:04 pm

The SPDR S&P 500 (NYSE:SPY) opened slightly higher after the Federal Reserve decided to hold interest rates steady and job gains data came in lower than expected. The SPY logged its best week this year, rising 5.85% between Oct. 27 and Friday. The market ETF was consolidating on Monday, forming an inside bar on lower-than-average volume. Traders can play the SPY either bullishly or bearishly through Direxion Daily S&P 500 Bull 3X Shares (NYSE:SPXL) and Direxion Daily S&P 500 Bear 3X Shares (NYSE:SPXS).

Portfolio Pulse from Melanie Schaffer

November 06, 2023 | 4:48 pm

The SPDR S&P 500 ETF Trust (SPY) was volatile on Friday with mixed trading due to the start of the quarterly earnings season by big banks. Consumer confidence continues to drop, indicating the ongoing impact of high prices despite the Federal Reserve's rate hikes. The SPY has settled into a possible bull flag pattern, which could be influenced by big tech earnings next week. Traders can play the SPY through Direxion ETFs SPXL and SPXS, which are triple leveraged funds tracking the SPY's movement.

Portfolio Pulse from Melanie Schaffer

October 13, 2023 | 5:26 pm

Ahead of Apple's iPhone event and key inflation data, the SPDR S&P 500 (NYSE:SPY) slipped almost 0.5%. Traders are waiting for the consumer price index data and the Federal Reserve's decision on interest rates. Experienced traders may choose to play the SPY through Direxion ETFs, SPXL and SPXS, which are triple leveraged funds that track the movement of the SPY. SPXS was trading slightly higher on Tuesday, indicating a period of consolidation and lack of interest from investors.

Portfolio Pulse from Melanie Schaffer

September 12, 2023 | 4:04 pm

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