WANT | Consumer Discretionary | BullishThe Advisor employs a replication strategy. The fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: retail; hotels, restaurants and leisure; textiles, apparel
Key stats
About Direxion Daily Consumer Discretionary Bull 3X Shares
Home page
Inception date
Nov 29, 2018
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
WANT is a daily 3x leveraged bet on the S&P Consumer Discretionary Select Industry Index. WANT does this through a portfolio of swaps contracts that gets rebalanced at the end of each trading day. Because of this rebalancing, the funds return for periods longer than a day becomes path dependent, and is likely to be different from three times the return of the index for the same period. This makes WANT suitable primarily for short-term traders. The expense ratio has minimal impact on the cost of holding these funds for a short period of time, and would matter little to someone who is speculating on the short-term movements of consumer discretionary companies. Trading costs as reflected in spreads, and potential premium/discounts are the predominant consideration here.3
Classification
What's in the fund
Exposure type
Retail Trade
Consumer Services
Consumer Durables
Cash
Stock breakdown by region
Top 10 holdings
Trade Idea - WANTWANT has triggered 3 entry signals on a strong backtested squeeze based strategy. Through the options market we believe that want will be trading around 117.67 by Feb 18.
First entry @ 89.10
Second entry @ 92.93
Third entry @ 95.93
Strategy: Long Stock
Trade management: Use a daily adjusted traili
Bullish set up on WANTBullish opportunity on WANT
Sectoral focus gives you a traders edge and with the correct indicator and strategy you can minimize the amount of time in front of a screen and still trade profitably.
Our custom squeeze trigger has printed entry signals on 23, 27, 28 Dec and we have a MA strategy entr
WANT - Spiking above prior channel - Breakout or Crash imminentRSI Spiking, Out of Channel on Range....
Seems like a 20% drop could happen, or we could see a big run.
Discretionary spending, still way up. I've been adding down near the bottom of Channel
* NOT FINANCIAL ADVICE * NOT A FINANCIAL ADVISOR *
WANT, Aroon Indicator entered an Uptrend on January 25, 2021.Over the last three days, Tickeron's A.I.dvisor has detected that WANT's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend
V BottomLeveraged
Trading leveraged securities can be high risk
Not a recommendation
Top 10 Holdings
Consumer Discretionary Select Sector Tr Index Swap
32.81%
Dreyfus Government Secs Cash Mgmt Admin
15.58%
Goldman Sachs FS Treasury Intms Instl
14.86%
Amazon.com Inc
12.44%
The Home Depot Inc
6.56%
Nike In
V bottomLEVERAGED Has gotten through first resistance level at bottom of prior gap down
Top 10 Holdings
AMZN - Amazon.com Inc16.80%
HD - The Home Depot Inc7.03%
MCD - McDonald's Corp4.39%
NKE - Nike Inc B3.73%
SBUX - Starbucks Corp3.07%
LOW - Lowe's Companies Inc2.71%
BKNG - Booking Holdings Inc2.55%
TJX -
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
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.