Trader Chat: Dan Passarelli Pt. 3 - Trading on the Floor, Market Makers, and Mentoring
Trader Chat: Dan Passarelli Pt. 1 - Options Education, Trading, Risk, & Leverage
Looking to capitalize on the appeal of these nuclear-tipped trading weapons, Direxion added six new triple ETFs last month. While interest in the new round of ETFs has so far been limited, I predict at least one of the triple ETF pairs has a bright future. My candidates for stardom are the pair of emerging markets ETFs: the 3x bull (EDC) and the -3x bear (EDZ).
Direxion Introduces More Triple-Leveraged (3X) Index ETFs
DirexionShares has already expanded its nascent stable of 3X ETF stallions. The initial crop of triple-levered trading vehicles tied to indices of financials, energy, and large and small cap stocks, have proven to be widely popular, as evidenced by daily trading volumes in the millions.
ETF vs. ETN: Choosing the Right Leveraged Play on Gold and Oil
There was an excellent article by Ron DeLegge of ETFguide.com a few weeks ago about the pros and cons of ETFs vs. ETNs. The comparison is topical because if you want to make a leveraged play on gold or crude oil, you now have a choice between Powershares ETNs and ProShares ETFs. Until a few weeks ago, the ETNs were the only way to go.
There has been a lot of discussion lately regarding the surge in volatile late-day trading that has occurred since the summer sell-off and fall credit-crisis began to unfold. In November alone, an average of 26.2 percent of trading volume in S&P 500 stocks took place in the final hour of trading, with 17.1 percent of the trading occurring in the final 30 minutes (see WSJ article).
Will Wall Street Learn From Lehman Brothers Bankruptcy?
After the US government put out a forest fire with the takeover of Freddie Mac and Fannie Mae last week, Wall Street’s troubles were far from over. As they say, when you see a rat in the house, you can bet there are hundred more rats lurking in the dark corners. Slowly but surely, they are being flushed out now.