SMLL News and Press, Direxion Daily Small Cap Bull 2X Shares From 09/21/20

The S&P 500 is breaking key level of technical support. Typically, when the market's technicals break, we turn to fundamentals. The problem - stocks need to fall as much as 15% more to find fair value. For further details see: The Tides Have Turned As Stocks Continue...

Wall Street was greeted with a host of new headlines. And not the good kind. So, we should expect some additional downside action. But my primary cycle models remain in good shape - so far. For further details see: The Correction Continues

The Fed recently revised its monetary policy strategy, replacing 2% price inflation targeting, adopted in 2012, with a new approach in which the Fed targets an average inflation rate instead. The reaction to the new policy was mixed. We see adverse comments as misguided and not attune...

The Fed has fueled this rally, and looks to not have a handle on what they are doing. Conditions have changed, significantly – lumber is extremely important. Several warning signs are flashing red right now. We may be on the edge of a risk-off period. For further deta...

On Friday, due to the "quad-witching options expiration" (when all options contracts for the current strike month expire and rollover), the market gave up support at the 50-dma. The markets are very oversold short term, so a tradeable "bounce" remains very likely in the next few days....

In early-September, the S&P 500 Index began what now appears to be an abrupt risk-shedding event, centered on the high-flying growth and technology stocks. We don't pretend to know for certain whether the selloff is over, it'll continue or how much additional downside is in store....

Powell is struggling to reinforce flagging Federal Reserve credibility. In the 1960s, Alan Greenspan was said to have commented the Great Depression was a consequence of the Fed having repeatedly placed "Coins in the Fuse Box". Is all the hullabaloo really about consumer inflation...

Coronavirus cases are climbing at a renewed rate around the world. Unemployment remains more than twice the prior year's level, and the increases in employment are slowing. Consumer confidence remains abysmal and continues to drop. Trade tensions with China have reignited betw...

Despite the positive news seen this past week, the S&P500 declined 140 points after the news events. Too many of you base your decisions about market movement from news and are often left scratching your heads. This market is likely going to correct to the downside over the co...

Aggressive central bank purchases of government bonds in the US, Europe, Japan and the UK allow governments to issue more debt and suppress the cost of that debt, which has a very powerful effect. Perhaps the new adage should be, "Don't fight the Fed and the Treasury." China is sh...