Key stats
About Direxion Daily FTSE Europe Bull 3x Shares
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Inception date
Jan 22, 2014
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
EURL is a 3x levered play on the FTSE Developed Europe Index, a market-cap-weighted index of total market stocks in developed Europe. The usual caveats for geared funds apply emphatically for 3x gearing: The fund rebalances its exposure on a daily basis, and is directly affected by issues of path dependency and compounding. As a result, its long-term returns are unlikely to achieve the 3x multiple. Returns are helped by strong trends and hurt by volatility. EURL isnt appropriate for buy-and-hold investors. Note: The fund switched underlying indexes on August 22, 2016 to a slightly different and arguably better FTSE index. The index tracked at 1x by Vanguard`s VGK includes small-caps, thereby providing more complete coverage of the space.
Classification
What's in the fund
Exposure type
ETF
Cash
Stock breakdown by region
Top 10 holdings
EURL On Ascending Triangle BreakoutEURL is the 3x Europe long fund. My favorite catalyst for 2015-2016 is playing the actions of the global oligarchy and their coordinated central bank action. I think EURL could be in an uptrend for another year or more.
Source: www.guerillastocktrading.com
On the verge of a breakoutPretty reasonable risk reward here, could be better if it test the lower ascending triangle once more.
Coincidentally, Greece debt deal will be up within the next 10 days and this might be the catalyst for the better or worst.
T/P: 40.89
Entry: 34.60
S/L: 31.37 (Trailing stops by 0.04 daily)
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
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Neutral
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Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.