$Direxion Daily Regional Banks Bull 3X Shares ETF (DPST.US)$...

$Direxion Daily Regional Banks Bull 3X Shares ETF(DPST.US)$ I'm putting this out there for people that have traded this before.. looking back from May we've come down from 83 62 back up to over 71 and we're back down this week from yesterday the 62  61 7/8 whatever the print is. the sell-off from the 83 down is strictly geared towards interest rate cuts these are regional Banks it's the same wash rinse repeat bobbleheads on TV saying oh well you need lower interest rates well we had a bad print couple of weeks ago that stopped the run and everybody said we're not going to get a cut in June we're not going to get a cut in July and maybe September maybe nothing.. so they reversed I bought it late last week I posted 62 and change I sold just under 71 I thought I was going to get an interday trade I bought back yesterday and the market rotated on me down so I got kicked in my teeth short-term. I bought at 66 when a trade went against me this morning on the gap down I sold 67 calls and collected 1 and 5/8 for this Friday. we may touch 60 this is a very fast trading leverage basket or may just hold right in here 61-62. it should be bought in here is the bottom line you've got two three points potentially downside I don't see the world caving in I don't see commercial loans collapsing tonight that's going to destroy all these regional Banks and the last time we had a rally we actually had a bank default on Monday and they mentioned it on TV and nobody cared it rallied right on up to $83. you can see that in some of my earlier comments.. so if you have some monies available and you're looking for a trade probably about a week and a half to two weeks is the time frame worst case scenario and I think we can go right back up to the $70 level from here. if we get any inkling from the Fed from any economic indicators that the economy is slowing further that will bode very well for this basket and as money rotated out money will go right back in in which case we could be mid-70s