SPXL: A Traders Tool

MacroGirl
1.62K Followers
(6min)

Summary

  • Stock markets show higher volatility and no clear trend, making it a trader's market.
  • SPXL seeks 300% daily performance of S&P 500, but holding long-term will deliver varying results.
  • With S&P 500 upside likely capped ahead of the election, SPXL trades must be closely managed.

Percentage Sign On Top Of Coin Stacks Before Blue Financial Graph

MicroStockHub

Higher volatility and no clear trend direction for stock markets mean it could be a trader's market for the foreseeable future. Leveraged products like the Direxion Daily S&P500® Bull 3X Shares ETF (NYSEARCA:SPXL) can be used to capitalize

This article was written by

1.62K Followers
My approach is long-term and I focus on investing in macro ideas through low risk ETFs and CEFs. I have traded stocks and currencies for nearly ten years and currently run a family fund with my partner and fellow SA contributor Andrew McElroy. I also invest in real estate and am a freelance writer and contributor to Matrixtrade.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within 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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