Trading Monitor: Following the Signals for Direxion Mid Cap Bull 3X ...

{"Watching the numbers for Direxion Mid Cap Bull 3X (MIDU), we have seen that the 14 day Stochastic RSI reading is showing a possible bullish divergence. Traders will be monitoring session action this week closely to see if there is indeed bullish momentum brewing, or a reversal of fortune. Investors may be trying to gauge the current business cycle phase and how that could potentially impact the portfolio. Business cycles can be one way to analyze portfolio performance. Early on in the cycle, profits tend to grow rapidly, sales tend to improve, and activity rebounds. In the middle of a cycle, growth may be peaking, strong credit growth may still be seen, and policy may swing neutral.

gracemontgazette.com     Aug 24, 2019