FAS Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: A sustained economic rebound post-recent volatility, coupled with strong financial sector fundamentals, could drive FAS upward as traders engage with the upcoming positive earnings season-driven sentiment.




Bearish Case: An unexpected economic downturn marked by disappointing earnings reports could trigger a decline in FAS, compounded by high implied volatility and market uncertainty across the financial sector.




Potential Outcomes:

1. Market rallies leading to $180 (50% chance).

2. Consolidation around $169 (30% chance).

3. Decline to $155 if economic indicators worsen (20% chance).




Trading Oracle: Consider a bullish call spread by buying the $170 call and selling the $175 call, leveraging high call volume and current upward momentum. This strategy allows capturing potential upward moves while defining risk effectively. Favorable risk-reward can yield returns of up to 40% if FAS moves above $175 within two weeks.



November 12, 2024


Direxion Daily Financial Bull 3x Shares Forecast

FAS        Direxion Daily Financial Bull 3x Shares











Correlated Assets

Assets that tend to move strongly with FAS



SPYV Forecast + Options Trading Strategies   SPYV  SPDR Portfolio S&P 500 Value (0.99)


VYM Forecast + Options Trading Strategies   VYM  Vanguard High Dividend Yield Indx (0.99)


DGRO Forecast + Options Trading Strategies   DGRO  iShares Core Dividend Growth (0.98)


KIE Forecast + Options Trading Strategies   KIE  SPDR Series Trust - SPDR S&P Insurance (0.98)


UNM Forecast + Options Trading Strategies   UNM  Unum (0.97)



Uncorrelated Assets

Assets with little price relationship to FAS



AEO Forecast + Options Trading Strategies   AEO  American Eagle Outfitters (0.0)


AMBA Forecast + Options Trading Strategies   AMBA  Ambarella (-0.01)


BUD Forecast + Options Trading Strategies   BUD  Anheuser-Busch (-0.01)


CGC Forecast + Options Trading Strategies   CGC  Canopy Growth (-0.01)


TTEK Forecast + Options Trading Strategies   TTEK  Tetra Tech (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against FAS



LABD Forecast + Options Trading Strategies   LABD  Direxion Daily S&P Biotech Bear 3X Shares (-0.88)


SEDG Forecast + Options Trading Strategies   SEDG  Solaredge (-0.88)


MED Forecast + Options Trading Strategies   MED  Medifast (-0.89)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (-0.89)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.94)









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