TECS Forecast + Trading Strategies


Bullish Case: A tech sector rebound, catalyzed by favorable earnings and regulatory changes, could propel TECS higher. Implied volatility trends favor bullish sentiment, potentially leading to substantial price recovery.


Bearish Case: Persisting economic headwinds and tech sector weakness could continue to depress TECS. Elevated implied volatility signals ongoing market uncertainty, risking further declines in the ETF's value.


Potential Outcomes:

1. Recovery in tech boosts TECS: 25%.

2. Continued market volatility keeps TECS flat: 50%.

3. Bearish momentum drives TECS lower: 25%. These outcomes reflect current volatility patterns and market sentiment.


Trading Oracle: Consider a bullish debit spread by buying the TECS 09/20/2024 $7.00 calls while selling the $8.00 calls to manage risk. This bet on a moderate recovery takes advantage of recent volatility spikes, optimizing potential returns with limited exposure.


July 25, 2024


Direxion Daily Technology Bear 3X Shares Forecast

TECS      Direxion Daily Technology Bear 3X Shares











Correlated Assets

Assets that tend to move strongly with TECS



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


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (0.98)


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


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (0.95)


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



Uncorrelated Assets

Assets with little price relationship to TECS



APLE Forecast + Options Trading Strategies   APLE  Apple Hospitality REIT (-0.0)


FSK Forecast + Options Trading Strategies   FSK  FS KKR (0.0)


MDLZ Forecast + Options Trading Strategies   MDLZ  Mondelez International (-0.0)


RPD Forecast + Options Trading Strategies   RPD  Rapid7 (0.01)


TEAM Forecast + Options Trading Strategies   TEAM  Atlassian (0.01)



Anticorrelated Assets

Assets that tend to move strongly against TECS



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


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


SMH Forecast + Options Trading Strategies   SMH  VanEck Vectors Semiconductor (-0.99)


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


VGT Forecast + Options Trading Strategies   VGT  Vanguard Information Technology (-1.0)





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