AI FAS Forecast + Trading Strategies


Price Forecast:


Bearish<->Bullish


Bullish Case: FAS shows potential for upward movement, driven by high implied volatility, positive market sentiment, and stronger bullish positioning among traders. Continued gains in the financial sector could further enhance performance.


Bearish Case: A downturn could arise from mounting market uncertainties, particularly if economic indicators turn negative. Low trading volume may exacerbate price volatility, leading to substantial sell-offs in the absence of strong bullish catalysts.


Potential Outcomes:

1. Upside potential to $120 (40% chance) due to rising sector strength.

2. Sideways movement between $100-$110 (30% chance) as traders digest recent volatility.

3. Downtrend to $95 (30% chance) if negative news triggers sell-offs.


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August 14, 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



IWD Forecast + Options Trading Strategies   IWD  iShares Russell 1000 Value (0.99)


XLF Forecast + Options Trading Strategies   XLF  Financial Select Sector SPDR (0.99)


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


EWC Forecast + Options Trading Strategies   EWC  BlackRock Institutional Trust Company N.A. - iShares MSCI Canada (0.98)


JPM Forecast + Options Trading Strategies   JPM  JPMorgan Chase (0.97)



Uncorrelated Assets

Assets with little price relationship to FAS



RDFN Forecast + Options Trading Strategies   RDFN  Redfin (0.0)


GLPI Forecast + Options Trading Strategies   GLPI  Gaming and Leisure Properties (-0.0)


CHK Forecast + Options Trading Strategies   CHK  Chesapeake Energy (-0.0)


BSY Forecast + Options Trading Strategies   BSY  Bentley Systems (-0.01)


ALGN Forecast + Options Trading Strategies   ALGN  Align Technology (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against FAS



SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.93)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.94)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.95)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.95)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.96)





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