Our streak continued last week. With notables such as DRN (+8.6%) and INDL  +3.5% (+12.2% since our recommendation). Additionally, BRZU +5.67% (+14% since our recommendation) and DRN +10% from our buy zone.

We will layout the potential trades for you, and it is up to you to decide which trades you like to take. If you are not sure what an ETF is, or would like some more information regarding the benefits of trading ETFs, please read our post here.


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Direxion Daily MSCI Brazil Bull 3X ETF (BRZU)

Last time BRZU was at these levels it shot up to mid-$60s. This ETF has taken a beating from its high of $65 from Jan of this year – down about 60%. it appears that BRZU has found a bottom and has begun to make moves to the higher $20 – low $30s.

The resistance is at $27 – if BRZU is to break through the $27 resistance look for it to break to $35. it seems to have broken out of the $27 resistance – we recommend watching this price range closely as it begins to breakout.

Buy range: above $27

Targets: $35 (+35%)

Stop Loss: $23

Fund Summary
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the MSCI Brazil 25/50 Index. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds (“ETFs”) that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is designed to measure the performance of the large- and mid-capitalization segments of the Brazilian equity market, covering approximately 85% of the free float-adjusted market capitalization of Brazilian issuers. It is non-diversified.

 

Direxion Daily MSCI Real Est Bull 3X ETF (DRN)

Last week we recommended to our readers to wait and see if DRN will bounce of the support area before running to the next leg-up, our first target $23 (+10%). Since it has reached Target 1, wait and see if it breaks $23 – if so, DRN can run to $25 (+8.7%).

Buy range: $23

Targets: $25 (+8.7%)

Stop Loss: below $23

Fund Summary
The investment seeks daily investment results of 300% of the daily performance of the MSCI US REIT IndexSM. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is a free float-adjusted market capitalization weighted index that is comprised of REITs that are included in the MSCI US Investable Market 2500 Index. It is non-diversified.

 

Direxion Daily MSCI Em Mkts Bull 3X ETF (EDC)

EDC broke out of the $95 resistance but lost steam and fell below the $95 support only to bounce off $90 and back above $95. The play for this remains the same as last week.

Buy range: above $95

Targets: $110 (+15%)

Stop Loss: below $95

Fund Summary
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the MSCI Emerging Markets IndexSM. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds (“ETFs”) that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalizations securities across the 24 emerging market countries. The fund is non-diversified.

 

Direxion Daily Energy Bull 3X ETF (ERX)

ERX looks to continue to go lower to the $33.50 support. We recommend waiting until ERX reaches this support level, maintains it and looks for a bounce to $40.

Buy range: above $33.50

Targets: $40 (+20%)

Stop Loss: below $33

Fund Summary
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Energy Select Sector Index. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is provided by S&P Dow Jones Indices (the “index provider”) and includes domestic companies from the energy sector which includes the following industries: oil, gas and consumable fuels; and energy equipment and services. The fund is non-diversified.

 

iShares MSCI Japan ETF 3X ETF (EWJ)

EWJ broke the $58.50 resistance and is headed to the $60. Look for it to break the $60 and head to the $61.25  and then to $63.50. EWJ had some momentum last week, however it seems to have lost some steam. It is now in the buy zone of $58. We recommend waiting to see if it can hold $58, if so it could bounce to $60 and then $63.

Buy range: $58

Targets: $63.50 (+9.5%)

Stop Loss: below $58

Fund Summary
iShares MSCI Japan ETF is an exchange-traded fund incorporated in the USA. The ETF’s objective seeks to provide investment results that correspond to the performance of the Japanese market, as measured by the MSCI Japan Index. The ETF invests in a representative sample of index stocks in a variety of sectors using a market cap weighted “portfolio sampling” technique.

 

Direxion Daily MSCI India Bull 3x ETF (INDL)

INDL had a great week once again! This is one of our favourite ETFs and it looks to have enough momentum to break into $110. This past week it broke through the resistance of $86 and it seems poised for a run to $100.

Buy range: above $86

Targets: $100 (+16%)

Stop Loss: below $86

Fund Summary
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the MSCI India Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds (“ETFs”) that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is designed to measure the performance of the large- and mid-capitalization segments of the Indian equity market, covering approximately 85% of the Indian equity universe. The fund is non-diversified.

 

Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG)

JNUG seems to continue on its downward trend. We are still not too excited about this one. However, Seeing that it has been able to bounce off this support region of $12.50 to just about $15 – it gives us a 20% range to play in. It seems to have broken down the support of $12.50, see if it can break above and stay above $12.50. With some positive momentum it could run to $15 as expected.

Buy range: above $12.50

Targets: $15 (+20%)

Stop Loss: below $12

Fund Summary
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the MVIS Global Junior Gold Miners Index. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index includes companies from markets that are freely investable to foreign investors, including “emerging markets,” as that term is defined by the index provider. It is non-diversified.

 

Direxion Daily S&P Biotech Bull 3X ETF (LABU)

LABU seems to have held the $90 support once again this week. We think LABU is headed to $70. We recommend waiting to see on what support area it settles in prior to jumping in. It has been able to hold this $90 support on multiple occasions, thus, consider jumping in at $90 to to a target of $100 – $110. LABU’s performance will be dependant on market conditions on Monday.

Buy range: above $90

Targets: $100 – $110 (+11% –  +22%)

Stop Loss: below $90

Fund Summary
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P Biotechnology Select Industry Index (“index”). The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds (“ETFs”) that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards (“GICS”). The fund is non-diversified.

 

Direxion Daily Russia Bull 3X ETF (RUSL)

RUSL still looks sluggish. It is trading tighter and tighter in the wedge (drawn on the chart below). It could potentially breakout – up or down is not clear at this point. We recommend watching it closely for possible breakout above $44.50 to $53.

Buy range: above $44.50

Targets: $53 (+20%)

Stop Loss: below $44.50

Fund Summary
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the MVIS Russia Index. The fund invests at least 80% of its net assets in securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is a rules-based index, intended to represent the overall performance of publically traded companies that are domiciled and primarily listed on an exchange in Russia or that are not Russian companies, but nonetheless generate at least 50% of their revenues in Russia. It is non-diversified.

 

Direxion Daily Semicondct Bull 3X ETF (SOXL)

We think that the semiconductor sector is due for a run soon – hence why SOXL looks good this week. We recommended our readers to accumulate in the $150 range – if you had done so you would already be up between 5-8%. Continue to accumulate in this range – especially since it appears to have broken the $160 resistance. Look for it to run to $180.

Buy range: $160

Targets: $180 (+12.5%)

Stop Loss: below $160

Fund Summary
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the PHLX Semiconductor Sector Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds (“ETFs”) that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index measures the performance of domestic companies engaged in the design, distribution, manufacture and sale of semiconductors. The fund is non-diversified.

 

Direxion Daily S&P500 Bull 3X ETF (SPXL)

SPXL went as low as $48 and bounced back to above $50. It needs to stay above $50. Continue to watch this as it breaks above $50 for a run to $54. If it fails to stay above $50 – it could drop to $48 – $45. The market conditions and earnings will play a role in how SPXL will do in the coming week.

Buy range: above $50

Targets: $54 (+8%)

Stop Loss: below $50

Fund Summary
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P 500® Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds (“ETFs”) that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is a float-adjusted, market capitalization-weighted index. The fund is non-diversified.

 

Direxion Daily 20+ Yr Trsy Bull 3X ETF (TMF)

We recommended that you sit out of TMF until it found a base at $18. Well it seems that TMF has finally found a base here. We recommend starting to accumulate TFM at this level for a run to $20.

Buy range: above $18

Targets: $20 (+10%)

Stop Loss: below $18

Fund Summary
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds (“ETFs”) that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than 20 years. The fund is non-diversified.

 

VelocityShares 3x Long Natural Gas ETN (UGAZ)

UGAZ has been slowly and quietly running up here. It has reached our first target of $60 – congrats to those of you who decided to buy from our initial signal. It appears to have enough momentum to run to $66. Thus, it is still a good entry point here with a 10% potential upside remaining.

Buy range: above $56

Targets: $60 (+7%) – $66 (+17%)

Stop Loss: below $50

Fund Summary
VelocityShares Daily 3x Long Natural Gas ETN is an exchange-traded note issued in the USA. The Note will provide investors with a cash payment at the scheduled maturity or early redemption based on the performance of the underlying index, S&P GSCI Natural Gas Index ER.

 

VelocityShares 3x Long Gold ETN linked to the S&P GSCI Gold Index (UGLD)

UGLD has been taking a beating since April. We are not convinced that this downtrend is over. Look for it breakout of the $9.30 resistance before entering.

Buy range: above $9.30

Targets: $10.75 (+15%)

Stop Loss: below $9

Fund Summary
VelocityShares 3x Long Gold ETN is an exchange-traded note issued in the USA. The Note will provide investors with a cash payment at the scheduled maturity or early redemption based on the performance of the underlying index, the S&P GSCI® Gold Index Excess Return.

 

VelocityShares 3x Lng Crude Oil ETN New (UWT)

UWT seems to be heading to $40 and possibly $45. Support is between the $28 – $32 region. If you have read our Morning Coffee Segment – you would know that we are very bullish on Oil. This ETF seems to be gaining some positive momentum as it heads to break $40. Last week was uneventful perhaps UWT is due for a run this coming week.

Buy range: between $32 – $35

Targets: $45 (+25%)

Stop Loss: below $28

Fund Summary
VelocityShares 3x Long Crude Oil ETN is an exchange-traded note issued by Citigroup Global Markets Holdings Inc. The Note will provide investors with a cash payment at the scheduled maturity or early redemption based on the performance of the underlying index, S&P GSCI Crude Oil Index ER.

 

Direxion Daily FTSE China Bull 3X ETF (YINN)

YINN is back to our initial buy point of $23. Last time at this price was just a few weeks ago and it managed to run to $27. We recommend waiting to see if it breaks out of the $27 resistance first before entering last week – which it failed to do and dropped to $23. If YINN can hold $23 it could run to $27.

Buy range: above $23

Targets: $27 (+17%)

Stop Loss: below $27

Fund Summary
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the FTSE China 50 Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds (“ETFs”) that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index consists of the 50 largest and most liquid public Chinese companies currently trading on the Hong Kong Stock Exchange (“SEHK”). The fund is non-diversified.

You must remember that leveraged ETFs are highly risky assets. Trading them could introduce increased risk to your portfolio. If you feel that that you may not be comfortable with the risk, you could simply trade the index funds that the funds listed above are following.