Direxion's SPXL & SPXS – Are Markets Moving Up Or Down? These Leveraged ETFs Let You Take Full Advantage

The Direxion Daily S&P 500 Bull 3x Shares SPXL, trading under the ticker SPXL, seeks daily investment results of 300% of the performance of the S&P 500 Index. 

The Direxion Daily S&P 500 Bear 3x Shares SPXS, trading under the ticker SPXS, similarly seeks to magnify returns on the performance of the index, but this time by seeking daily investment results of 300% of the inverse of the Index.

Consider trading these funds for the ability to potentially magnify returns based on the performance of that index – whether positive or negative.

The S&P 500 is a market-cap weighted index including the 500 largest companies in the market by market capitalization. Those companies span nearly every sector of the market and account for about 80% of the total value of the U.S. stock market. It’s widely used as a benchmark of the larger economy and many traders use ETFs based on the index to turn their broader market assumptions into actionable trades.

The Direxion Daily S&P 500 Bull and Bear 3x Shares provide daily exposure to top large-cap U.S. stocks like Apple, Microsoft, Amazon, Nvidia, Alphabet, Tesla, Berkshire Hathaway, Meta Platforms, and Exxon.

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Featured photo by Nicholas Cappello on Unsplash.

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