Stop Activated In The Direxion Daily S&P 500 Bear 3x Shares ETF (SPXS)

Share This Article
May 3, 2013 3:48pm NYSE:SPXS

buy-and-holdThe Direxion Daily S&P 500® Bear 3x Shares (NYSEARCA:SPXS) has reached our stop loss which was set at $11.30. Performance: -5.92%.

Product Description

The Daily S&P 500® Bear 3x is a leveraged inverse ETF that seeks daily investment results, before fees and expenses of -300% of the performance of the S&P 500® Index. This fund is more volatile than a non-leveraged ETF and should not be expected to provide three times the return of the benchmark’s cumulative return for periods greater than a day. There is no guarantee that fund will meet its stated investment objective.

If you have a friend or colleague who would like to receive these trade alerts, please direct them here

RSI: (Relative Strength Index) a technical indicator which measures the magnitude of gains over a given time period against the magnitude of losses over that period. The equation is RSI = 100 – 100 / (1 + RS) where RS = (total gains / n) / (total losses / n) and n = number of RSI periods Bullish gap: area on the bar chart where no trading has taken place. In an uptrend, prices open above the highest price of the previous day, leaving a gap or open space on the chart that is not filled during the day.

For more information on Direxion ETF go to:

Read Next

Get Free Updates

Join over 50,000 investors who get the latest news from!

Most Popular

From Our Partners

Explore More from

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again! respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories