TYP Direxion Daily Technology Bear 3X Shares

[TYP] Direxion DAILY TECH BEAR 3X Shares - Hot Stocks to Buy Entry Price: $31 - $33

• Risk level: 6
• Profit potential: 8
• Price Target 1 - 4 Weeks: $43 - $45

Wednesday’s trading session did not look very promising for the overall market, those that took our recommendation to add FAZ to their portfolio on Monday is enjoying a nice 25% two day profit.  Not bad at all!! Yesterday we added the Exchange Fund BGZ to the portfolio and it’s also enjoying a nice 6% profit.  Well today we are still very bearish on the overall stock market and would like to add another Bearish Exchange Traded Fund to our stock portfolio.  We are adding TYP to our stock portfolio and expect to see the technology sector fall between 6 to 8 percentage from their recent highs.  

At this stage we can still assume that the overall market is taking profit from an extremely profitable two months.  We are a little cautious as the timing of the recent market profit taking does create somewhat of a perfect storm for a major market slide.  

• Market needs to have a 6 to 8 percentage point correction from a string of 9 consecutive positive weeks.
• May is traditionally the start of a poor period for stocks, hence the term “Sell in May and Go Away”
• Consumers are purchasing less, leading to poor retail numbers.
• Government is running out of ways to pump the market.
• Options expiration on Friday

If the stock market’s slide worsen during the next couple of days, be extremely careful with the stocks you are holding in your portfolio.  This slide may end up being more than just a “healthy correction.”

As always we wish you luck on your investments and as always do your own research prior to purchasing or selling a stock. We make recommendations based on our own research and this site is solely for the purpose of entertainment reading. Thank you for visiting Hot Stocks to Buy.