TMV: Leveraged Short Bond Fund Now Gaining Traction

Individual Trader
17.85K Followers

Summary

  • Shares of the ETF have broken out on the weekly chart.
  • Assets under management up 9% over the past month alone.
  • Although risk remains prevalent, the positives outweigh the drawbacks here.

Serie de bonos de ahorro del gobierno de los Estados Unidos de América EE

JJ Gouin/iStock via Getty Images

Intro

The weekly chart of Direxion Daily 20+ Year Treasury Bear 3X Shares ETF (NYSEARCA:TMV) definitely brings opportunity to the table, especially to those of the trend-following fraternity. As we can see below, shares recently broke above

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This article was written by

17.85K Followers
Individual investor with a keen interest in deriving income from investment setups. We do this by buying undervalued profitable stocks with strong balance sheets & minimal debt. Furthermore, when the opportunity arises, we like to write calls against our positions to bring in additional income. Risk management is controlled through position sizing & the use of trailing stop losses over time.Individualtrader.net

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TMV over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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