Direxion Daily Regional Banks Bull 3X Shares (DPST) News

Fallout from earnings report two days ago
https://www.bloomberg.com/news/articles/2024-02-01/nycb-may-be-cut-to-junk-by-moody-s-over-risks-from-real-estate

Whats going on? Europe trouble?

I misspoke, maybe regional banks will disappear

come on dpst^

don't miss this move within 3 weeks imo.

Regional banks won't just disappear

It will go back up, not to worry

Thanks for explanation.

Please refer to the holdings page of DPST and the components of DJIA.

https://www.direxion.com/product/daily-regional-banks-bull-3x-etf
https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average

In short, Dow represents companies from various industries, financial analysts consider it to be a good indicator of the overall state of the U.S. economy [from https://budgeting.thenest.com/mean-dow-falls-24770.html] not a single industry.

Instead of watching just Dow, search for what made the local banks to move.

Why does DPST behave different from a month ago? I remember at that time whenever DOW increased, it increased. Why now it is not in the same pattern as before? Anybody knows the internal reason? Please share. Thanks.

Too soon.

Any one buying this dip?

Think GOLD ran too fast? Both those have their own boards, plus there is an ETF board.

What do think about DUST or JDST both are inverse equities.

When you're talking $40.00 to $50.00 a share this is a huge buying opportunity. I don't normally buy and hold but this one says buy and hold. This will come back and when it does you and I will be one of those that bought near the bottom. I like their holdings.

Did you see 52 week high?

I agree, it's a good buy. Fund contains a good group of stocks. I got in just under 6.00, would like to add more.

Finally jumped in. My alternative to FAS.

SMOKING!!!!

JUST LIKE FAS

Made it to $7.80 today so close. Should push over $8.00 on Monday.

On our way to $8.00. Feds dumping even more money into banks.