FAS Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: FAS shows a bullish setup with backwardation in implied volatility and 28% more bullish risk, suggesting potential upward momentum with a +0.85% forecast from Helium AI.




Bearish Case: Despite bullish indicators, flat recent price action and high implied volatility caution against downside risk, with a significant chance of profit-taking due to economic uncertainties.




Potential Outcomes: Continuation of gains (45%), profit-taking and pullback to $140 (35%), unexpected volatility spike from global events (20%).




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January 09, 2025


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)


VTV Forecast + Options Trading Strategies   VTV  Vanguard Value (0.98)


DGRO Forecast + Options Trading Strategies   DGRO  iShares Core Dividend Growth (0.97)


UNM Forecast + Options Trading Strategies   UNM  Unum (0.97)


JPM Forecast + Options Trading Strategies   JPM  JPMorgan Chase (0.96)



Uncorrelated Assets

Assets with little price relationship to FAS



UWMC Forecast + Options Trading Strategies   UWMC  UWM Holdings Corporation (0.01)


FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (0.01)


SKYT Forecast + Options Trading Strategies   SKYT  SkyWater Technology (-0.01)


WHR Forecast + Options Trading Strategies   WHR  Whirlpool (-0.01)


IOVA Forecast + Options Trading Strategies   IOVA  Iovance Biotherapeutics (0.02)



Anticorrelated Assets

Assets that tend to move strongly against FAS



AMR Forecast + Options Trading Strategies   AMR  Alta Mesa Resources (-0.84)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.85)


IEP Forecast + Options Trading Strategies   IEP  Icahn (-0.85)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.86)


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









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