TECS/SSG Potential Long OpportunityTECS/SSG pair is signaling a Long position at the close of yesterday, supported by multi indicators, suggesting a promising opportunity.
ADX : Indicates no trend at present.
Correlation : remains very high in the last few weeks.
Close price : closed below lower BB.
Historical test : I would be
Key stats
About Direxion Technology Bear 3X Shares
Home page
Inception date
Dec 17, 2008
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
TECS offers investors a means of playing out their bearish bets on the technology sector. The fund provides -3x exposure to the S&P Technology Select Sector Indexa market-cap-weighted index of US tech companies selected from the S&P 500. TECS tracks the exact same index as XLKthe Technology Select Sector SPDR ETF. That makes it a narrow bet against the highly concentrated tech sector, with just a few names comprising a huge fraction of the index. Unlike XLK, TECS is designed to be a short-term trading vehiclenot a long-term investment. TECS rebalances its exposure on a daily basis. As a result, the fund's long-term returns are difficult to predict due to compounding and path dependency. It is important to clearly understand the risks of utilizing such leverage. In addition, this product should only be utilized by those who actively manage their investments.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
INVERSE H&SInverse head and shoulders is a bullish pattern that is usually found at a bottom.
There are 2 shoulders that should be relatively close in price and a deeper valley in the middle of the 2 shoulders that forms a head.
Direxion Daily Technology Bear 3X Shares ETF. Leveraged.
The pattern is not va
Continuation Wedge (Bullish) | 46% move possibleDirexion Daily Technology Bear 3x Shares forms bullish "Continuation Wedge" chart pattern
"Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Technology Bear 3x Shares (TECS:NYSE). This bullish signal indicates that the stock price may rise from the close of $22.4 to the range of
$TECS high retest? 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
First ent
$TECS a 50% gain? 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team ent
$TECS market hedge 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team wil
bear flag on the weekly chart of 3x technology bear etfI'm super bullish on technology esp Apple, Microsoft, Google , FB, Amazon, Nvda all are heavyweights in the spy etf and sp500 index.. So i'm electing to short the 3x bear etf on technology.
There is a bear flag on the 3x bear etf weekly chart. The cup/handle trapped those that were bullish on this
See all ideas
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.