RETL Big Support at 39 dollarsIf RETL can hold this are and find a support around 39 dollars it can find its way back up.
If this continues to fall then look out for 36 and 30 support levels.
Monitoring for position
Key stats
About Direxion Daily Retail Bull 3X Shares ETF
Expense ratio
0.97%
Home page
Inception date
Jul 14, 2010
ISIN
US25460G8151
RETL, as a levered product, is a short-term tactical instrument and not a buy-and-hold ETF. Like many levered funds, it promises 3x exposure only for one day. Over longer periods, returns can vary significantly from 3x exposure to its underlying index. Investors should note that RETL's underlying index may have a different take on the retail space than other indexes. The fund tends to overweight apparel, auto-parts & service and specialty retailers, while underweighting department stores. RETLs exposure also extends to some unexpected sectors like oil & gas refining and marketing. As a short-term product, trading costs are relatively more important for the fund, than with buy-and-hold ETFs. Note: On December 1, 2016, RETL changed its underlying index from Russell 1000 Retail Index to S&P Retail Select Industry Index.
Classification
What's in the fund
Exposure type
Retail Trade
Cash
Stock breakdown by region
$RETL Got in before the close, gap fill above to fill imo.Looking for a bounce back into the gap above this coming week, we'll see how it goes.
Time to short selling RetailIts that time of the year … time to short Retail , its like a routine every year
Nice daily bullish candle here to reclaim the 50 day. I guess people do still shop at brick and mortar
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