TECL Forecast + Trading Strategies


Bullish Case: TECL's historical upwards trajectory coupled with its positive AI price forecast (+0.76%) indicates a strong potential for continued growth. Implied volatility suggests a market underestimation, providing a lucrative entry point.


Bearish Case: TECL's flat term structure and relatively lower past volume suggest potential stagnation. The difference in market and Helium's implied volatility indicates possible market underestimation, risk correction or pullback is likely.


Potential Outcomes:

1. Continuation of historical trends: 40%.

2. Stagnation/price stability: 40%.

3. Short-term correction: 20%. These are based on historical performance, trading volume, and volatility differences.


Trading Oracle: Sell an 8-day put credit spread: Sell the $90 strike put & buy the $85 strike put, considering Helium's positive edge & 81% probability of success. This approach leverages low current volatility, bullish risk, and likely price stability for a high reward-to-risk trade.


June 28, 2024


Direxion Daily Technology Bull 3X Shares Forecast

TECL      Direxion Daily Technology Bull 3X Shares











Correlated Assets

Assets that tend to move strongly with TECL



XLK Forecast + Options Trading Strategies   XLK  Technology Select Sector SPDR (1.0)


QLD Forecast + Options Trading Strategies   QLD  ProShares Ultra QQQ (0.99)


TQQQ Forecast + Options Trading Strategies   TQQQ  ProShares UltraPro QQQ (0.99)


MGK Forecast + Options Trading Strategies   MGK  Vanguard Mega Cap Growth (0.99)


QQQM Forecast + Options Trading Strategies   QQQM  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (0.99)



Uncorrelated Assets

Assets with little price relationship to TECL



QID Forecast + Options Trading Strategies   QID  ProShares UltraShort QQQ (-0.0)


GIS Forecast + Options Trading Strategies   GIS  General Mills (0.0)


SPXU Forecast + Options Trading Strategies   SPXU  ProShares UltraPro Short S&P 500 (0.0)


DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (0.0)


WY Forecast + Options Trading Strategies   WY  Weyerhaeuser (0.0)



Anticorrelated Assets

Assets that tend to move strongly against TECL



VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.95)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.97)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.97)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.99)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.99)





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