With all the criticism about leveraged ETF’s, not much has been said about how much of a great investment tool they are. Many day traders have relied on margin for decades
“Each week, I like to publish the past week’s hottest ETFs to share some new trends and niche ETFs out there and give investors some new ideas. For this week, Tech finally took a break (if you can call a 10% gain on TYH a “break”) in comparison to some of the other leveraged ETFs.
Here are four ETF’s that have enjoyed remarkable gains for last week. Most investors normally wouldn’t see yearly gains this big. This is what makes leveraged ETF’s so appealing to traders. The big gainers for last week were all 3X leveraged funds sponsored by Direxion.
Stocks have enjoyed 35%+ gains from the March lows, but the market has been trading sideways ever since. Volume has dried up and investors will be looking for a direction in the markets. Technology has seemed to hold up strong during these turbulent times and will try to emerge as leaders.