Direxion Funds doesn’t have a long history as a provider of ETFs, but it quickly became a big player in the industry by offering some of the most popular ETF’s around – the 3x leveraged ETFs. It initially launched with just a few offerings in financials, energy, small caps and large caps, but has since [...]

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Direxion Filed For Auto ETF, Several More 3x ETFs
FAS ETF Due For Rest
The Direxion Financial Bull 3x ETF (FAS) is one of the popular ETF’s around, so I’d thought I’d take a technical look at it. As you can see it’s been on fire, catapulting from 60 to over 100 in just a few months. It’s looking mighty tired and overstretched though. Stochastics reveal that the FAS [...]