Direxion Daily Regional Bank Bull 3X ETF (DPST)

[Dragonfart]

Wow regional skyrocket

[joyceschoice]

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

[Dragonfart]

Whats going on? Europe trouble?

[Dragonfart]

I misspoke, maybe regional banks will disappear

[SmokeSignals]

come on dpst^

[SmokeSignals]

don't miss this move within 3 weeks imo.

[Dragonfart]

Regional banks won't just disappear

[Dragonfart]

It will go back up, not to worry

[Jackwin]

Thanks for explanation.

[S8S8]

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.

[Jackwin]

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.

[JohnCM]

Too soon.

[RJ Trotts]

Any one buying this dip?

[JohnCM]

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

[furface]

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

[furface]

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.

[JohnCM]

Did you see 52 week high?

[furface]

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.

[JohnCM]

Finally jumped in. My alternative to FAS.

[JohnCM]

SMOKING!!!!

JUST LIKE FAS

[furface]

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

[furface]

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