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

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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.

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