Monday, January 5, 2009

More 3X ETF to add to your watchlist

Direxion rolled out more 3X ETFs some time ago which I just got aware of.

They are:
DPK - Developed Markets Bear
DZK - Developed Markets Bull
EDC - Emerging Markets Bull
EDZ - Emerging Markets Bear
TYH - Technology Bull
TYP - Technology Bear

These 3Xs etfs will become a good alternative if the markets becomes too volatile in the coming weeks or months. The only trade off is, you will need to put more capital to work as compared to options.

Whether it is options, 3Xs ETFs or stock....the "Trend" is still your friend.

Here are the recommended time frames for each instrument in my style of trading:
Options: Minutes, Hours, Days
3X ETFs: Days, Weeks
Stock: Days, Weeks, Months, Years

blog comments powered by Disqus