Tech Tumble Didn't Chase Traders From Geared Sector ETF
Tech Tumble Didn't Chase Traders From Geared Sector ETF
It would be reasonable to expect that last week's breathtaking declines among marquee technology stocks and the Nasdaq-100 Index would be all the impetus traders need to abandon leveraged tech exchange-traded funds, at least for the moment.
我们有理由预计，上周大型科技股和纳斯达克100指数(Nasdaq-100 Index)的惊人下跌，将是交易员放弃杠杆式科技股交易所交易基金(ETF)所需的全部动力，至少目前是这样。
What Happened
怎么了
With the likes of Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) punished last week, the Direxion Daily Technology Bull 3X Shares (NYSE:TECL) felt plenty of pain, too.
TECL looks to deliver triple the daily returns of the Technology Select Sector Index, making it an easy target for downside when Apple and friends retreat.
Tecl希望交付三倍于每天的回报科技精选板块指数(Technology Select Sector Index)的下跌，使其很容易成为苹果和朋友撤退时的下跌目标。
Why It's Important
为什么它很重要
“I think we should start to anticipate a rotation—the momentum behind tech is going to ease,” Seema Shah, chief strategist at Principal Global Investors, told the Wall Street Journal. “As we’re seeing easing lockdowns and the prospect of a vaccine, people are beginning to go back to a more normal way of life, and reliance on tech is starting to fade from the peak where it was at the height of the lockdown.”
“我认为我们应该开始预期轮换--科技股背后的势头将会缓和，”信安全球投资者(Trust Global Investors)首席策略师西马·沙阿(Seema Shah)对英国“金融时报”表示。《华尔街日报》。“随着我们看到封锁的缓解和疫苗的前景，人们开始回归到更正常的生活方式，对科技的依赖也开始从封锁最严重的时候开始消退。”
That may be the case over the near-term, but data suggest traders didn't go running for the hills with TECL amid the tech pullback. They did the opposite. Month-to-date, inflows to the leverage tech ETF are approaching $42 million.
短期内可能会出现这种情况，但数据显示，交易员并没有在科技股回落的情况下与Tecl一起逃之夭夭。他们做了相反的事情。本月到目前为止，杠杆科技ETF的资金流入接近4200万美元。
That's not a massive sum, but it says traders are convinced tech's early September retreat is a bump in the road, not cause for ongoing concern.
这不是一个大数目，但该公司表示，交易员们相信，科技股9月初的回落只是前进道路上的一次颠簸，而不是引发持续担忧的原因。
TECL could be starting to get its groove back. Yes, the geared fund is lower by a staggering 23.17% over the past week, but it surged 9.28% on Wednesday on volume that was roughly 60% above the daily average, providing another sign traders that stick by the fund are being rewarded.
Tecl可能正开始找回最佳状态。是的，杠杆式基金在过去一周里下跌了23.17%，令人震惊，但周三它飙升了9.28%，成交量比日均水平高出约60%，这是坚守该基金的交易员获得回报的又一迹象.
What's Next
下一步是什么？
Over the course of tech's ascent this year, retreats have been brief and rebounds rapid, scenarios that amplify the risk of holding a leveraged fund like TECL for more than a few days.
在今年科技股的上涨过程中，撤退的时间很短，反弹速度也很快，这些情景放大了持有Tecl这样的杠杆基金超过几天的风险。
Speaking of risk, some bold traders aren't shying away from making bearish bets against the beloved tech sector. To start September, nearly $10 million has flowed into TECL's bearish cousin – the Direxion Daily Technology Bear 3X Shares (NYSE:TECS).
说到风险，一些大胆的交易员并不回避做空备受喜爱的科技板块的押注。从9月份开始，近1000万美元流入了Tecl看跌的表亲-这个Direxion Daily Technology Bear 3X S野兔(纽约证券交易所：TECS).
Interestingly, traders have been tempting fate with the bearish TECS for most of this year as highlighted by 2020 inflows of almost $97 million.
有趣的是，在今年的大部分时间里，交易员一直在用看跌的TECS冒险，2020年流入近9700万美元的资金突显了这一点。