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 [...]

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 [...]