The 3X Bullish ETFs could Run with the Bulls (FAS, BGU)

The Major Indexes (Dow Jones, Nasdaq, S&P 500) pulled back 1%+ today, should any good news tomorrow set off a rally or investors step up to the plate and start buying, expect the Direxion Daily Finan. Bull 3X Shs(ETF) (NYSE:FAS) and Direxion Daily Large Cp Bull 3X Shs(ETF) (NYSE:BGU) to run with the bulls.

Direxion Daily Large Cap Bull 3X Shares 's (BGU) shares have moved up 16.54% from its 52-week low and the Direxion Daily Financial Bull 3X Shares 's (FAS) shares have increased 23.54% from its 12 month low.  These 3X ETFs can kill your portfolio if they aren't used right, which is to get in and get out with the market trend but they are powerful tools for today's trader.

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Leveraged ETFs such as the FAS and BGU are best used for day trading.  If you hold these ETFs for more than a week you can easily erase your gains.  Rule of thumb, a few days maximum for 3x and no more than a month for 2x realistically if your position doesn't go immediately in your favor and you believe it will - very soon.

Direxion Daily Large Cp Bull 3X Shs(ETF) (NYSE:BGU)
Direxion Daily Large Cap Bull 3X Shares (the Fund), formerly Direxion Large Cap Bull 3X Shares, seeks daily investment results of 300% of the price performance of the Russell 1000 Index (the Large Cap Index). The Large Cap Index measures the performance of the large-cap segment of the United States equity universe. It is a subset of the Russell 3000 Index and includes approximately 1,000 of the largest securities based on a combination of their market cap and current index membership. The Fund creates long positions by investing at least 80% of its net assets in the equity securities that comprise the Large Cap Index.

Direxion Daily Finan. Bull 3X Shs(ETF) (NYSE:FAS)
Direxion Daily Financial Bull 3X Shares (the Fund), formerly Direxion Financial Bull 3X Shares, seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index (the Financial Index). The Financial Index is a capitalization-weighted index of companies that provide financial services. The Fund creates long positions by investing at least 80% of its net assets in the equity securities that comprise the Financial Index.

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