Direxion Daily Financial Bull 3x Shares (:FAS)
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- Nepenthe: $XLF Down to the 8ema. But will it hold? Added to $FAS; tight stop. Cheers.
- Nepenthe: @bigbartabs $XRT $RETL as is the $XLF, probably following yesterday's and today's--$MS--bank earnings. Wish I hadn't cut back my $FAS position yesterday, but still have some while it marches up the upper BBs. Will now use the 8ema for either adds or stop. Cheers.
- bigbartabs: @Nepenthe $XRT $RETL $XLF $MS $FAS ... yep, when a ticker is strong, and above the 8dema... that's where that channel can be used for day trade actions... the ticker new highs and the 8dema pullbacks.
- Nepenthe: @bigbartabs $XRT $RETL $XLF $MS $FAS Ah, you've taught me well. Cheers.
- bigbartabs: @Nepenthe $XRT $RETL $XLF $MS $FAS ... that's how it all works here in the forum... as we learn, we all pay it forward. The circle of life (and trading :)
- Nepenthe: $XLF Breaking out. Probably on bank earnings. Added to $FAS. Cheers.
- Nepenthe: @Wolf #Banks And I'm guessing, even hoping, that the market's anticipating the others doing well next week--C, BAC,GS,MS etc--and that's what's pushing the $XLF higher today, and maybe even higher next week, should their earning's surpass expectations as well. Added to $FAS, and will see how it all plays out next week. And so it goes...Cheers.
- djgustoso: @Nepenthe @Wolf $XLF $FAS #Banks I added to my long $46 XLF Nov calls, have to like the action here, big breakout on volume, assuming all the other big banks will follow along. Not as sexy of a trade as tech, but I view this as a steady winner with low drama
- Nepenthe: @bigbartabs $NDX By the way, isn't the elephant in the room upcoming earnings? Banks start reporting Friday, followed by tech at the end of the month. I have a small profitable position in $FAS which I'll hold over the first few days of bank earnings. Were it not for earnings, the $XLF looks poised to break out--BB's are less than 4%--but as we know, if they disappoint, it could go the other way. Just random speculation before the political fireworks in November. Cheers.
- bigbartabs: @Nepenthe $NDX $FAS $XLF ... I've got an XLF hi / lo range alarm... 45.89 / 45.34. If it hits the new high, I'll take a starter position in FAS... and see where it goes. The low is the 8dema... that's most often the best point to take a starter position, if it gets there.
- Nepenthe: @bigbartabs $NDX $FAS $XLF Well, I hope I haven't jinxed you by following along. And without soliciting your advice, that's exactly where I did take a position, either yesterday or day before or...well, a few bourbons ago. Plan goes that if it falls back to the 8, I'll add if it holds, with a stop below, and if it breaks above, then go even heavier. Ah, the best laid plans of mice and traders...cheers.
- bigbartabs: @Nepenthe $NDX $FAS $XLF ... that's how we all learn, and learned... by finding good tactics for ourselves, and by listening to how others trade. All's fair in love and war. (and trading!)
- Nepenthe: @bigbartabs $NDX $FAS $XLF And all these years I thought it was how others drink. Knew something was amiss. Cheers.
- traderbren: $FAS - nice move this morning, back above the 20d....and $GS looking constructive here.
-
champ: ...
....Need these ETF's to work......$SSO $FAS $LABU $USO $XLE $XOP and if these were all up nicely, then the $TNA...would really be working....
.............however only need a few of these to be working.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
....Watch ... - Nepenthe: @scottrades $XLF Tomorrow should be a good indicator of the direction this goes, as at least three of the big banks have earnings in the morning. I started some $FAS a few days ago and feel comfortable holding through. That's it. Cheers.
- Nepenthe: @Mounty $BAC $XLF Squeezing. Long $FAS. Cheers.
- champ: @Nepenthe @Mounty $BAC $XLF $FAS.....nice posts, Good-work, strong sector, for sure.
- champ: $XLK ..Technology and Energy $XLE are the sector leaders this morning and Financials $XLF are also still working...$FAS. ~~~~~~~~~~~~~~~
- Nepenthe: @scottrades, et al. $XLF On the subject of 'green', is it just me, or do the financials look good here? I've scrolled through all the big boys ($WFC has actually broken out) and all the charts look attractive, all above their moving averages. I don't know how earnings went for them, but as the market implodes, they seem on the verge of exploding. I actually bought some $FAS with a tight stop below today's low. Am I reading this wrong? Thoughts? Cheers.
- champ: $UVXY $SQQQ $SDS $TZA $FAS $KRY $LABD....everything is dropping and this drop could continue.
- vcondry: @champ $UVXY $SQQQ $SDS $TZA $FAS $KRY $LABD good day to go Fish.
- champ: @vcondry $UVXY $SQQQ $SDS $TZA $FAS $KRY $LABD...Everything seems to be settling down now....the #Green light might slowly turn-on, moving-up off of the LOD's or could hold around these current price levels, we will see how the last hour or so goes. .....had some panic selling, the #CopyCat-sellers were active...but for now the herd looks to be settling down.......
- Nepenthe: @DAN @Scottrades $XP $XLF Aloha. Literally on a beach in Maui, I checked in with my wife's smartphone--I'm allowed but a dumb one--and noticed our stop on $XP got hit, 24.50, low of day, 24.43. Well, in a bit of a Mai Tai fit, I bought it right back, with a stop at LOD. I imagine you consider it still a viable trade? Also, I'm surprised there's not much talk about financials. They seem to be doing well and after yesterday's pull back to the 21 day, in a Pina Colada fit I bought back some $FAS. Opinion on them? Or anyone? I'm running up one hell of a bigbartab here and need to pay it off. Aloha.
- DAN: @Nepenthe $XP $XLF $FAS Yep. I just bought some XP
- champ: $FAS...$BAC...NP ....Banks will start reporting their earnings in the morning and they look like they are all down.....hopefully they wouldn't rock the boat.
- chrisbman360: @champ $FAS $BAC my bank EFTs dropped below 21d and looking ugly so I bailed with my gains. I think the bank boat has holes in it and are sinking at the moment. Like rats off the ship ;-)
- oldtimer: @bigbartabs $FLR $RUTAX $UNG $XLE $BOIL $XLV $CURE $ITA $DFEN $XLRE $DRN $XLI $DUSL $ERX $XLF $FAS $FNGS $FNGU $XOP $GUSH $XBI $LABU $ITB $NAIL $GDX $NUGT $XRT $RETL $SMH $SOXL $XLK $TECL $XLY $WANT $DJI $UDOW $SPX $SPXL $NDX $TQQQ $RUT $TNA thankyou for getting back to me
- bigbartabs: @oldtimer $FLR $RUTAX $UNG $XLE ... @oldtimer ... Of those pairs that I tend to track $UNG/$BOIL $XLV/$CURE, $ITA/$DFEN, $XLRE/$DRN, $XLI/$DUSL, $XLE/$ERX, $XLF/$FAS, $FNGS/$FNGU, $XOP/$GUSH, $XBI/$LABU, $ITB/$NAIL, $GDX/$NUGT, $XRT/$RETL, $SMH/$SOXL, $XLK/$TECL, $XLY/$WANT ... only $XLE $XOP are close to being above the 8dema. Also, $UNG is tough, since it doesn't correlate well with 3x $BOIL I always track the 4 index pairs... $DJI/$UDOW, $SPX/$SPXL, $NDX/$TQQQ, $RUT/$TNA... of which none are even close to the 8dema. The only one that could be worth starting a position is $DJI, that bounced off of the 200dma. All the best...
- champ: $WFC $JPN $FAS....banks are HOD this morning.
- Onthemark: @champ $WFC $JPN $FAS Yes. been adding to $WFC this week.
- champ: On $WFC, at $43 and maybe today is the Day for Entry, need to Watch for possible Entries...... $JPM $BAC $FAS.
- Onthemark: @champ $WFC $JPM $BAC $FAS Took some $WFC on Tuesday (high volume day). IMO, resistance is at 43.26 then at the 50d. After that, should be clear for another point until next resistance.
- champ: @Onthemark $WFC $JPM $BAC $FAS ....Yes could be, however these Banks are Now on a #Pre-earnings zig-zag move higher, IMO, now that the CPI and PPI reports are over.........and on the FOMC Rate Decision on 9/20, they will Pause, is my guess, however either way, that won't effect their earnings. $WFC....it will move though that resistance with-out any problems......and I'm also Holding a nice size position in this Bank. Good Luck!
- champ: @Onthemark $WFC $JPM $BAC $FAS....Nice day and $WFC could maybe move-up the Wall of Worry...we will find out tomorrow...I took profits off on 1/2.
- Nepenthe: $XLF FWIW, the XLF is about to do one of those "golden cross" thingamabobs. Have a small position in $FAS even though the XLF is still below its 8/20 ma's. But it is above the 50ma-yahoo! That's it. Cheers.
- Nepenthe: $DKNG Interesting, or not, that most of my stock holdings--$CRM, $DT, $RIOT--have all fallen below the 8ema, with the exception of $DKNG, my last holding. Kind of expect it to go the same route as well but still holding out hope. All good trades but had hoped for more; yes, the greed factor. A few index trades, $TNA, $SPXL, $FAS, still nervously holding the 8ema. That's it. Cheers.
- Pard: $FAS $GS $JPM all good
- champ: $SQQQ is at $17.30......$SDS is at $32.75......$TZA is at $23.10........ $VXX is at $24.00.....$GUSH at $133.00.....$FAS at $72.00..... ~~could maybe Watch these ETF's for Market direction....... ....Plus $JNJ at $168.10.....$LMT at $456.50......
- Nepenthe: @Henry $BEN $TROW $V $MA $JPM $USB #Financials JPM, C, WFC report tomorrow. It will interesting to see how they fare. Any ideas? I'm holding some $FAS from below the $XLF's 200ma.; a bit of a gamble but I'm comfortable with it. Cheers.
- Pard: $FAS
- Pard: $FAS working
- sincity45: @DAN $FAS
- champ: $NA $LABU $FAS $QLD $TAN $GUSH......nice sectors moves and it looks like both Investors and Traders are placing their bets.
- champ: @champ $UPRO $QLD $NAIL $LABU $FAS $TAN $GUSH......
- champ: @champ $UPRO $QLD $NAIL $LABU $FAS $TAN $GUSH...$FNGU...
- vitoB: out of the $FAS from yesterday, still long $FHN
- vitoB: end of the month, $CHWY earnings tonight , pushed below the yesterdays low and has recovered above the open. im long. $FL also eclipsed low of last week and did not continue to keep rolling. long. playin the money rotation into some beaten retail and energy. playin some $FAS also dtrade
- vitoB: $UNG All time low but back above vwap now. Long. Stick n move baby. Also out of $FAS
- vitoB: $FAS dtrade. 54.10
- vitoB: add to $FAS
- vitoB: $FAS almost uncomfortably large position size for a day trade. But trailing. Lets see
- champ: @vitoB $KEY $C $FITB $MTB #still-early #News #another-Bank...I like the Banks today, however my Top-pick is $KEY and as of RHRN... it is up 6.4%, even higher than this 3-X's ETF..$FAS...
- champ: $BAC....HOD, still working, with zig-zags ....and I'm also still holding $JPM..... and $FAS is a dancer.
- champ: $FAS is at $69.20, the Financial sector looks like it could make a move,....before stocks in this sector start to report their earnings..... .....$BAC is at $31.90 and I like this stock.....for a spec hold. The sector might also work....$FAS..... ~~~~~Watch for Entries..........
- champ: $SSO now at $46...$FAS now at $77...and for sure we should expect zig-zags, No new negatives, and only 1 #New positive, lets watch the Data...and thats all the Markets need, IMO..... ....had the first bounce, then it fell back and now it turned back-up......now all Powell has to say is, we are going to work off of the Data, then if that happens....could climb a little more.
- champ: #Strong...$FAS...is now at $75....and the bottom was just at $50.....just keeps climbing because the the sector keeps making higher profits, off of Higher interest rates... ......Hold....Build and Trail.....
- champ: @maracom $SPY $SPX....check-out...$FAS
- bigbartabs: @champ $FAS ... yes, and coming out of a nice reverse head and shoulder pattern. If there's no pullback of the indexes into the close... means a lot of swing trades into tomorrow.
- champ: @bigbartabs $FAS....Exactly.....into #Mondays open.....
- champ: @vitoB $INTC $MBLY $FAZ #Mobileye.....I'm watching $FAS and $BAC is the stock that I'm holding.......and I also have a swing position in $INTC, because it is cheap, at this current price level....these are my guesses, that I'm currently working. LOL
- vitoB: @scottrades just put in all the sell orders. cause everyday im doing cartwheels in the kitchen, a week later i wanna slap myself. takin some $GNRC $NKE $FAS off early
- vitoB: lightening up again $FREY $PINS more $GNRC and $FAS
- vitoB: $CCJ above yesterdays high, still looking to fill the gap $BLMN $WING and $SHAK food chain tickers with several days of short covering and peaking above key moving averages, and a day like today should be looking to cover $FAS still lookin for 67ish but will be lightening up at the open.
- vitoB: Financials are gonna need to provide leadership if we’re going higher. $FAS to around 67ish. Is my play
- phgruver: @vitoB $FAS Essentially, I agree. For the economy to recover, the banks have to recover first ... but, do the politicians understand this .... I'm Long $HBAN and $BAC, but that's enough eggs in that basket.
- vcondry: @joelsg1 $SPY #LarryWilliams I bought some $FAS (doing nothing), $XLE (very close to doing nothing), and $TSLA $250 calls expiring Oct 28th (up 20%) early this morning. I did take @CHAMP 's advice friday and bought some $BAC $32 calls expiring this friday right before 4pm and they returned 140% this morning (sold half/kept half). I would say overall my sentiment is still bearish though. I don't trust the rally but I don't want to buck the trend of the moment.
- joelsg1: @vcondry $SPY $FAS $XLE $TSLA $BAC #LarryWilliams Nice, really the Blue Chips working.
- vitoB: @phgruver $FAS $HBAN $BAC I think this is the politics play with red turning the house. Big banks and mergers will get a boost. Coal and drilling is the obvious binary play as well
- champ: @natural .....Exactly.....now the game starts.....the $SPY was just at $360.50, LOD....now we will see which team takes over....these are a few players......$SDS or $SSO.....$SQQQ or $TQQQ...... .....$FAZ or $FAS ......$LABD or $LABU.....
- champ: @vcondry $BAC ...I'm going to swing a BAC position, into ER......I like ETF's, for Day-trading, $FAS, however I don't like to swing any of them. If they don't have nice inside numbers, the first move will be down,...even if they beat,....need a Surprise for a nice Move.
- vcondry: @champ $BAC $FAS thank you
- vitoB: $FAS above vwap in.
- vitoB: @vitoB $FAS half out
- vitoB: @vitoB $FAS all out
- vitoB: Lookin at the $FAZ chart, inverse financial, just to get a sense when $FAS might halt. I don’t think I’ve ever seen a candle like that. 25.25 when I would flip the switch
- vcondry: @vitoB $FAZ $FAS definitely something actionable here ... good idea!
- stairm01: $JPM $MS $C $WFC $FAS Any feelings on these banks and FAS going into all of their earnings in the morning.? They have had big moves today. Large Bullish engulfing candles. I was long FAS off of the turn this morning and took profits at $59.40. Will I regret it tomorrow or will I be happy?
- champ: @stairm01 $JPM $MS $C $WFC $FAS ....Watch $BAC...because if these others bounce in the morning, $BAC will follow, they will be reporting Monday morning.
- stairm01: @champ $JPM $MS $C $WFC $FAS $BAC All have moved on higher than average volume. If they move again tomorrow, Monday will most likely be a down day after two big moves.
- phgruver: @stairm01 $JPM $MS $C $WFC $FAS I suspect both.... I would be cautious about holding individual banks over earnings, it's always a crap shoot, unless you are sitting on substantial gains (I'm up 110% on $BAC), but holding $FAS or $XLF might be a good strategic move, as they are not levered to any single bank. Overall, banks should benefit from rising interest rates. @Forexpro had a post explaining how this works earlier today.
- stairm01: @phgruver $JPM $MS $C $WFC $FAS $BAC $XLF Yep, Key word is SHOULD!
- champ: @stairm01 $JPM $MS $C $WFC $FAS .....my post was about $BAC....because they have less swing risk than the other banks......
- champ: @phgruver $JPM $MS $C $WFC $FAS $BAC $XLF.....$BAC had a nice move today....just don't see that very often and I'm swinging 1/2 of my $BAC position.
- Bert953: @champ $JPM $MS $C $WFC $FAS $BAC $XLF the banks all report tomorrow.
- champ: @Bert953 $JPM $MS $C $WFC $FAS $BAC $XLF....Not $BAC...they report on Monday.
- phgruver: @champ $JPM $MS $C $WFC $FAS $BAC $XLF Obviously, I don't trade $BAC, but I do keep an eye on it. Today's volume, 66M+ was about 150% average volume (44M). I would say lots of short covering, probably with more tomorrow. With a 2.95% yield, it's not a bad LT entry, either.
-
champ: ...
$JPM $WFC $C $MS ....then on Friday these Banks will be reporting earnings...on 10/14.....many will start placing their bets today.....could also watch $FAS, NP.
Retail Sales for the month of September will also be reported on Friday........
Then ... - vitoB: $FAS looking to take it higher into close full
- vitoB: @vitoB $FAS nope thanks dan
- vitoB: $FAS into close. 56 to 57
- vitoB: @vitoB $FAS bankers don’t know how to talk. Shutting down. Half
- vitoB: @vitoB $GS hod took som $FAS
- MongosPawn: $FAS Starter for day trade. Same for $FTI.
- stairm01: @vcondry $BX Looks similar to many Yield Hogs ($NLY-17% $CLM- 25.98% $AGNC-15.8% $NEWT-16.5%) and banks ($BAC $JPM $FAS $C) in general. They all have rolled off a cliff and dropping like a rock. I'm watching for a bottom in AGNC and CLM, provided they continue to pay their dividend.
- vcondry: @stairm01 $BX $NLY $CLM $AGNC $NEWT $BAC $JPM $FAS $C It operates much differently than those companies though. Not a REIT and I don't believe was ever intended to be a yield hog just has gotten crushed with the wider market.
- MongosPawn: $FAS Out of my day trade with a paper cut.
- champ: $FAS. @ $70.65....#Bounce-Candidate...$LOD was at $68, bank ETF, because of higher interest rates, Watch for Entry......
- champ: $FAS $BAC ....both HOD....check-out the Banks....
- champ: $FAS...add-on at $72.47.......
| Stock Price | $171.78 |
| Change | 1.58% |
| Volume | 440,825 |
The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000? Financial Services Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the Russell 1000? Financial Services Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000? Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. The fund is non-diversified.
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