Double Top Alert on $FNGS!🟠 Double Top Alert on AMEX:FNGS 🟠
Price just got rejected at the 100% Fibonacci extension around $56 — a textbook resistance level.
Bearish confirmation could send us down to fill the gap at $48.35 👇
⚠️ Watch $54.30 as the critical neckline!
📉 Rejection + Gap = Potential Opportunity
Key stats
About Bank Of Montreal MAX S&P 500 4X Leveraged ETNs due October 30, 2043
Home page
Inception date
Dec 5, 2023
Structure
Exchange-Traded Note
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
SPYU is a leveraged ETN that aims to provide amplified exposure to the US large-cap sector. Its objective is to quadruple the daily performance of the S&P 500 total return index, which encompasses stock prices and dividends from the 500 largest US equity market companies. It’s important to note that investors take on the credit risk of BMO in exchange for the certainty of pure tracking. Unlike traditional investment products, SPYU does not guarantee any return of principal at redemption or maturity. Instead, it strives to generate a return that is four times the daily performance of the underlying index. The leveraged characteristic makes SPYU best suited for short-term trading strategies rather than long-term investments. It’s crucial to consider that the effects of daily compounding can result in deviations of long-term returns from the performance of the index. Before May 28, 2024, the fund traded under the ticker XXXX.
Classification
Inverse gold miner3x inverse gold miner for short exposure bought this morning at 4.50. Looking at 9 for first target see if gold bounces at support should be around that range. Could easily bounce sooner but short/medium term I'm looking for gold back at 3050. Weekly gold candle is setting up for major top if it doe
Who Benefits from the Dunce Tariff Tsar? The Art of The Short: When SPY Bleeds, Dracula Drinks
Today we’re diving deep into the MAX S&P 500 4X Leveraged ETN (SPYU), the ultimate degenerate’s playground for snorting the market when SPY takes a nosedive.
Tonight, my fellow nightwalkers, I wipe my mouth after my fangs bite into MAX S&P 5
Comparing the new SPYU to UPRO and SPXLI am not sure if anyone else noticed, because quite frankly I completely missed it, but there is a new leveraged share on the block that aims to track the S&P 500 ( SP:SPX ). That ticker is $SPYU.
Now this isn’t a conventional leveraged share. Most leveraged shares are between 2 x to 3 x max. Howev
GDXD 1M Twirl That Cash For Gold SignGold is no haven...not at least as far as I can see.
It is not a buy-and-hold product, and is best designed for short-term tactical trading purposes only. Returns can vary significantly from -3x exposure to its underlying index if held for longer than a day. Are you looking for something to buy ho
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SPYU trades at 36.37 USD today, its price has fallen −0.57% in the past 24 hours. Track more dynamics on SPYU price chart.
SPYU net asset value is 36.55 today — it's risen 22.75% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SPYU assets under management is 288.66 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SPYU price has risen by 29.20% over the last month, and its yearly performance shows a −1.65% decrease. See more dynamics on SPYU price chart.
NAV returns, another gauge of an ETF dynamics, showed a −21.00% decrease in three-month performance and has decreased by −2.26% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −21.00% decrease in three-month performance and has decreased by −2.26% in a year.
SPYU fund flows account for 124.70 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SPYU expense ratio is 2.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, SPYU is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SPYU technical analysis shows the neutral rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPYU shows the neutral signal. See more of SPYU technicals for a more comprehensive analysis.
Today, SPYU technical analysis shows the neutral rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPYU shows the neutral signal. See more of SPYU technicals for a more comprehensive analysis.
No, SPYU doesn't pay dividends to its holders.
SPYU trades at a premium (0.49%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SPYU shares are issued by Bank of Montreal
SPYU follows the S&P 500. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 5, 2023.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.