Direxion Daily Financial Bull 3x Shares (:FAS)
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- champ: $SSO $TQQQ $SMH $ERX $GUSH $FAS ....These are just a few of my #thoughts....and for me, it kind of looked like today was a nice Repositioning-Day, even with everything zigzagging but that was only because today was #Option-Friday and the Markets have ...
- Nepenthe: $XLF Don't know what this portends, but the $XLF on the weekly chart has printed a bullish engulfing candle. With the big banks mostly out of the way, I gather this may be a positive reaction by the market for the sector. Started a very small $FAS position, FWIW. Any insights? Cheers.
- champ: $TNA $FAS $SSO $TQQQ $LABU $IGV $MDY....looks like the Markets are going to have a Nice open....however I have NP's. ....Sure looks like Santa is a month early this year, however it looks like this Trump-rally, is growing legs.
- Cjauger: @champ $TNA $FAS $SSO $TQQQ $LABU $IGV $MDY Santa is indeed early, and judging by my crypto trades, Santa says I have been a very good boy this year.
- champ: $SSO $TNA $FAS $LABU....I'm still holding these swing positions.
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champ: ...
....$FAS .......and as long as Financials are Happy, this move will probably continue...because one of the guesses is, we only need the Bankers to stay Happy, for a few more Days and then everything else, will probably follow.....
....because the #h ... - champ: $SSO $TQQQ $TNA $FAS....I going to see if I can hold these ETF's, as Investment positions and I expect zig-zags. And for Now, $SSO is my largest position.......
- bigbartabs: @champ $SSO $TQQQ $TNA $FAS ... I've had over sized positions in $UDOW $SPXL $TQQQ all week. I would have included $TNA... but it shot up so high on Wednesday that I couldn't resist selling it at the close.
- champ: @bigbartabs $SSO $TQQQ $TNA $FAS $UDOW $SPXL ...This could continue and on $TNA, I did the same but I got back in this morning for another trade....into the unknown for Now..... but the future looks great for Small-cap stocks.
- phgruver: @champ $SSO $TQQQ $TNA $FAS Most "experts" will tell you that leveraged ETF's are not good investments, as they are designed for Day Trading. I've seen how that works, by getting trapped in $SPXL, for almost a year before I could break back even. They do go up faster, but they also come down faster, and the long term return is about the same as the underlying stock (or index.) The only long term advantage is that they are generally cheaper. $SPY is $589, where $SPXL is $182, and $SSO is only $97.
- champ: @phgruver $SSO $TQQQ $TNA $FAS $SPXL $SPY ...Yeah I know all about that ...but Thanks.......I trade around my #Core-positions, however might be able too hold my Core positions for a few weeks...I wish I knew........ .....but this Old expert is not as smart as those others... but I bet I make more profits than they do........ .....however I'm a Full-timer, so I can see what's going on and I have Never liked swinging ETF's, however I will never swing large size,...because I always #step-down my Swing-size on the close...... ....then I move Back-in the following day, if I want. ....plus now-days, this Old-cowboy, always lets my computer Trail the herd.
- bigbartabs: @phgruver $SSO $TQQQ $TNA $FAS $SPXL $SPY ... look at a 1 year full screen chart of $SPX (for example)... then $SPY... then $SPXL. Almost exactly the same profile. So the question is... do you want to make 1x your money? Or 3x your money? If yo ...
- champ: $SSO $TQQQ $TNA $FAS...these ETF's are HOD.....
- 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 $GS looking constructive here.
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champ: ...
....Need these ETF's to work......$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.
| Stock Price | $134.81 |
| Change | 3.10% |
| Volume | 466,616 |
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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