$Direxion Daily Regional Banks Bull 3X Shares ETF (DPST.US)$...
$Direxion Daily Regional Banks Bull 3X Shares ETF(DPST.US$ Moody's this morning placed six regional Banks under possible downgrade of their credit review based off of the percentage of commercial loans they have in areas of high risk. none of the six are in this portfolio basket I just checked.
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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10baggerbamm OP : as a follow-up and I know everything is 8:30 contingent but it's very bullish that we still have a moderate upward bias to the regional Banks and this basket despite six regionals being placed on credit watch. this and I'll say this and I hope I don't regret it because I'm going to find out like everybody else in about 45 minutes when bad news causes stocks to rise that's a sign of a bottom when great news comes out and stocks are calling that's a sign of a top so we've just sold off significantly in this basket bullet chart and if today's economic indicators unemployment hourly non-farm payrolls come in worse than expected meaning the economy slowing more people are unemployed hourly wages slowing it's bad if you are looking for a job but it's good news if you're long stocks because that puts a pressure on pal to cut rates just like ECB just like Canada this week which means we are going to see a major rally in financial institutions