Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
For all the Bulls,two scoops instead of three.After all,Hogs are known to get slaughtered.
From Seeking Alpha Direxion will launch a 2X leveraged ETF tomorrow May 27 2014, 16:55 ET
Direxion has updated its filing on the Daily S&P 500 Bull 2X Shares (SPUU) and plans to roll out the fund on May 28th. Originally planned as the Direxion Daily Large Cap Bull 2X Shares with the proposed ticker of SFVL, SPUU will now track double the returns of the S&P 500. The issuer is probably best know for its 3X leverage offerings and SPUU will be the first of its ETFs to offer 2X exposure. ETFs tracking the S&P 500: SPY, SH, SSO, SDS, VOO, IVV, SPXU, UPRO, SPXL, RSP, RWL, EPS, BXUB, SFLA, SPLX, BXUC http://seekingalpha.com/news/1772243-direxion-will-launch-a-2x-leveraged-etf-tomorrow?uprof=46
Speaking of slaughter, my precious metal holdings down 3-6 % today. Tocqueville Gold Fund 37.61 - $1.33 -3.42%
Comments
From Seeking Alpha
Direxion will launch a 2X leveraged ETF tomorrow
May 27 2014, 16:55 ET
Direxion has updated its filing on the Daily S&P 500 Bull 2X Shares (SPUU) and plans to roll out the fund on May 28th.
Originally planned as the Direxion Daily Large Cap Bull 2X Shares with the proposed ticker of SFVL, SPUU will now track double the returns of the S&P 500.
The issuer is probably best know for its 3X leverage offerings and SPUU will be the first of its ETFs to offer 2X exposure.
ETFs tracking the S&P 500: SPY, SH, SSO, SDS, VOO, IVV, SPXU, UPRO, SPXL, RSP, RWL, EPS, BXUB, SFLA, SPLX, BXUC
http://seekingalpha.com/news/1772243-direxion-will-launch-a-2x-leveraged-etf-tomorrow?uprof=46
Speaking of slaughter, my precious metal holdings down 3-6 % today. Tocqueville Gold Fund 37.61
- $1.33
-3.42%
Regards,
Ted
My leveraged funds - QLD 2.52% (8.1% up since purchase), GLL 4.30% today.