Direxion ETFs: Weekly ETFs Play Book For Various Trading Themes

The content and data presented herein are from Bloomberg and Direxion and summarized by Tiger Brokers

1. Trading topics for this week

U.S. retail sales data for May will be released on Tuesday - the market expects U.S. retail sales to record a 0.3% m-o-m increase in May, which is better than the unchanged rate in April. The data is regarded as an indicator of the strength of the U.S. economy and has considerable influence on Fed officials. It is expected to record moderate growth, making the outlook for the second half of the year brighter.

Fed policymakers will make public speeches - including New York Fed President John Williams, Minneapolis Fed President Neel Kashkari, and San Francisco Fed President Mary Daly , and Richmond Fed President Thomas Barkin will deliver remarks. The market hopes to use their comments to speculate on when the Fed will cut interest rates this year.

Brent oil $oilprices rose nearly 4% last week, mainly due to optimistic reports from the United States and the Organization of Crude Exporting Countries on the outlook for crude oil $WTI Crude Oil - main 2408(CLmain)$ demand.

The following are compiled by Direxion ETF and suggest asset targets that focus on related trading themes this week.

2.Direxion ETFs volatility, fund flow and trading volume chart

Special attention:

1)Competition among MSFT, AAPL, and NVDA for the top market capitalization:$Direxion Daily NVDA Bull 2X Shares(NVDU)$ $Direxion Daily NVDA Bear 1X Shares(NVDD)$ $Direxion Daily AAPL Bull 2X Shares(AAPU)$ $Direxion Daily AAPL Bear 1X Shares(AAPD)$ $DIREXION DAILY MSFT BULL 2X SHARES(MSFU)$ $DIREXION DAILY MSFT BEAR 1X SHARES(MSFD)$

Earlier last week, $Apple(AAPL)$ closed third in market value, behind $NVIDIA Corp(NVDA)$ . "People are very confident that they will be the winner in artificial intelligence, and in this market, it seems that if you are the winner in artificial intelligence, you will be hyped up," said Rhys Williams, chief strategist at Wayve Capital Management. $Microsoft(MSFT)$ also in the race.

2) Morgan Asset Management’s Mid-Year Outlook: $Direxion Daily S&P 500 Bull 3X(SPXL)$ , $Direxion Daily S&P 500 Bear 3X Shares(SPXS)$, $Direxion Daily S&P 500 Bull 2X Shares(SPUU)$, $Direxion Daily S&P 500 Bear 1x Shares(SPDN)$, $Direxion Daily S&P 500 High Beta Bull 3X Shares(HIBL)$ , $Direxion Daily S&P 500 High Beta Bear 3X Shares(HIBS)$

US stocks still have upward momentum in the second half of the year, and the performance may be slow growth

Strategist David Kelly and others wrote in the mid-year outlook report that the return expectations after the $S&P 500(.SPX)$ should be more moderate, but healthy earnings growth and high valuation dispersion indicate that the environment is still conducive to stock market performance, and there are opportunities to generate alpha. It is recommended to buy large-cap stocks and a combination of value stocks and growth stocks.

3) Dove inflation data drowned out the hawkish voices of the Fed: $Direxion Daily 20 Year Plus Treasury Bull 3x Shares(TMF)$ , $Direxion Daily 20 Year Plus Treasury Bear 3x Shares(TMV)$ , $Direxion Daily 7-10 Year Treasury Bull 3X Shares(TYD)$ , $Direxion Daily 7-10 Year Treasury Bear 3X Shares(TYO)$

The market believes economic data is much more important than what the Fed says.

Disclaimer:

The information provided is for public reading and is strictly for educational purposes; it does not constitute financial advice.

It is important to remember that investment carries inherent risks, and investors should consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments may fluctuate.

For more education welcome to review the Live on 7 May 2024>>

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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