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Direxion Daily Regional Banks Bull 3X SharesDirexion Daily Regional Banks Bull 3X SharesDirexion Daily Regional Banks Bull 3X Shares

Direxion Daily Regional Banks Bull 3X Shares

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DPST trade ideas

DPST a triple leveraged bullish ETF for Regional Banks LONGWhile tracking regional banks DPSt had a bad time in the spring with the small and regional bank failures/rescues and the federal actions to buttress the faith of citizens in them. There has been no runs on the banks. Larger banks may be taken some business from small banks sattled with securities with diminished value due to rising interest rates and the effect on the face value of those fixed-rate securities. No matter, things are better now. This is not to say the whole banking sector stress is resolved. Banks have enjoyed great returns on credit cards. The 15-minute chart here shows a good overall uptrend within ascending parallel support and resistance trendlines. Price is presently at the bottom of that parallel channel. The relative trend index signal is near zero meaning at least in this instance trend is fairly quiet with low volatility. Relative strength lines have bounced up from the lows of about 20 and now are in the 40-50 range. Overall, I see this as a good entry point for a long-swing trade targeting the top of the channel which I estimate will be about 100 buy the end of next week estimating the trade duration to be 5 trading days. My reasonable opinion is that next week's volatility will be far less than this past week and that DPST will do well. I will also take a look at the KRE and KBE ETFs. I like this as a long setup with a 15% potential for a ver low risk in a stop loss set $.50 below the channel.
AMEX:DPSTLong
by AwesomeAvani
DPST- Banks will thrive if rate hikes are over LONGDPST is shown here on the 15- minute chart- This triple leveraged bank stock hit a double bottom in late June and early July with a double bounce from the lines one standard deviation below the mean VWAP lines anchored at pivots in mid-May. These lines provide dynamic support and resistance unlike vertical lines from pivots. From the VWAP breakout, price has crossed over the mean VWAPs and is not at the level of the volume profile's POC line and the one standard deviations above the mean VWAP. The two time frame RSI indicator shows the lower time frame rising from below 20 to over 50 and crossing over the higher black line TF RSI is for me a clear and convincing sign of bullish momentum in its extreme form. Fundamentally, bank stocks are gaining in the federal news data regarding CPI and PPI. Based on this analysis, I will take a long trade here targeting the second deviation lines at about $70.5 representing about a11% upside in one week or less.
AMEX:DPSTLong
by AwesomeAvani
DPST Long as the banking sector stabilizesDPST was down in April, consolidated in May and is now parabolically rising and had a price split in recent days.On the one hour chart, price is rising along the quickly after a pivot on June 1. Price is well above the POC line of the intermediate term volume profile showing buyer strength The relative strength on the RSI indicator is flat over 80. I will take a long trade with a stop loss at 5% and a take profit at 20%. I will end the trade early if the RSI drops below 75 as a risk management maneuver. I will be viligent for a correction / retracement because the price is up more than 10% in one day.
AMEX:DPSTLong
by AwesomeAvani
DPST | Regional Banks Oversold | BounceThe fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the GICS regional banks sub-industry. The fund is non-diversified.
AMEX:DPSTLong
by DivergenceSeeker
7
Short Banks - Regionals TumbleYearly analysis of DPST, which tracks KRE with 3x leveraged expsoure. My grand idea to build up savings last year was to buy DPST around $58, and hold until $200. Though I sold earlier than my plan intended to due to problems outside of my control, DPST eventually did make record gains to $200+. With COVID increasing in variants, banks have tumbled again. Stimulus is drying up. The country is in deep debt. Even Ecuador has savings and checking accounts with 8% interest. US banks are behind the world economy in many ways and suffering as a business fundamentally as a direct result. I predict further downside as the year drags on. Please follow your own predictions. Thanks!
AMEX:DPSTShort
by Grandmaster76