Direxion Daily Financial Bull 3X Shares (AMEX:FAS)

Financials are near the bottom IMO. Get in on this triple leveraged financials ETF.

I am not sure we are at the bottom, but I am sure that we are very close. I am recommending a long position in this etf. Every time there is a 10% drop in the index you should buy, and every time there is a 10% increase in the index you should sell. I do not recommend purchasing and holding ultra etfs long-term. The fees are simply too high. Play the trading range and don't get too greedy.

Because Ultras Suck

Extremely oversold.

All the leveraged ETFs trend down. My new idea is to short them all using apposing ETFs (ie URE & SRS, FAS :& FAZ, SKF & UYG) as a hedge and the fact that the long term performance of all the "ultras" seems to be down.

3x bull

Financial might be starting to rebound. This is 3x the financials and it could be a good "catch up" on previous losses