Direxion Daily MSCI India Bull 2X Shares (ARCA: INDL)

Direxion Daily MSCI India Bull 2X Shares (ARCA:INDL), Quote.Headers.trade-ideas

Direxion Daily MSCI India Bull 3x Shares

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The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is designed to measure the performance of the large- and mid-capitalization segments of the Indian equity market, covering approximately 85% of the Indian equity universe. The fund is non-diversified.

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Predicted Modi Win Sends This India ETF Surging

<a href="https://twitter.com/realDonaldTrump/status/1163597488173060102" title="https://twitter.com/realDonaldTrump/status/1163597488173060102">https://twitter.com/realDonaldTrump/status/1163597488173060102</a>

Donald J. Trump Tweet: Spoke to my two good friends, Prime Minister Modi of India, and Prime Minister Khan of Pakistan, regarding Trade, Strategic Partnerships and, most importantly, for India and Pakistan to work towards reducing tensions in Kashmir. A tough situation, but good conversations!

White House Says Trump Spoke Monday With Pakistani Prime Minister Imran Khan; Discussed Need to Reduce Tensions, Moderate Rhetoric With India

-India.com
<a href="https://www.india.com/news/world/pakistan-moves-fighter-jets-to-its-bases-near-ladakh-india-keeps-watch-3743031/" title="https://www.india.com/news/world/pakistan-moves-fighter-jets-to-its-bases-near-ladakh-india-keeps-watch-3743031/">https://www.india.com/news/world/pakistan-moves-fighter-jets-to-its-bases-near-ladakh-india-keeps-watch-3743031/</a>

Pakistan Moves Fighter Jets to Its Bases Near Ladakh

Pakistan FM Says Indian Ambassador Will Be Expelled From Country

-AFP
<a href="https://twitter.com/AFP/status/1154669324055060480" title="https://twitter.com/AFP/status/1154669324055060480">https://twitter.com/AFP/status/1154669324055060480</a>

India Reports Iran Freed Nine Indian Crew from Seized Panama-flagged Tanker

A month-and-a-half since the first phase of polling began and seven phases of polling were held between April 21 and May 19 in 542 constituencies across 29 states and seven&nbsp;union territories, India&#39;s parliamentary election results are being announced.
The results indicate that&nbsp;the ruling right-wing alliance led by incumbent Prime Minister Narendra Modi&#39;s Bharatiya Janata Party, or BJP, is set to sweep the polls.
<h3>What Happened</h3>
The National Democratic Alliance, or NDA &mdash; with Modi&#39;s BJP as the lead party &mdash;&nbsp;has won or is leading in 353 of the 542 constituencies.
Of these, the BJP is likely to take 302 constituencies, giving it in an absolute majority, which could give it the freedom to function unhindered with respect to all aspects of governance.
The Indian National Congress, or INC &mdash; the main opposition party and part of the United Progressive Alliance &mdash;&nbsp;has come a distant second, likely taking only 51 of the seats.
The INC is the grand old party of India and is&nbsp;led by Rahul Gandhi, who is the great-grandson of India&#39;s first prime minister Jawaharlal Nehru.
Even with the tally from allies, the INC-led UPA is on track to muster only 90 seats, while others who are unallied are poised to take the remaining seats.
Modi tweeted this thanks Thursday:&nbsp;
<blockquote class="twitter-tweet">Thank you India! The faith placed in our alliance is humbling and gives us strength to work even harder to fulfil people&#39;s aspirations. 
I salute every BJP Karyakarta for their determination, perseverance &amp; hardwork. They went home to home, elaborating on our development agenda.
&mdash; Narendra Modi (@narendramodi) <a href="https://twitter.com/narendramodi/status/1131527111804477440?ref_src=twsrc%5Etfw">May 23, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Of the 900 million registered INdian voters, about 67 percent cast their votes in the election.&nbsp;
<h3>Why It&#39;s Important</h3>
The BJP fought in the election, drumming up nationalist sentiment and Hindu ideologies. Several populist welfare measures announced by the government seem to have come in handy.
This is despite several criticisms leveled at the government in the run-up to the elections, including rising joblessness;&nbsp;a falling currency&nbsp;reflective of weakening <a href="https://www.benzinga.com/news/19/04/13443201/is-indias-7-3-growth-worth-an-investment"> economic fundamentals;&nbsp;</a>&nbsp;monetary demonetization that was intended to flush out undeclared money but put everyday people under a lot of difficulty;&nbsp;and the hugely unpopular GST, a unified tax system.
The clear mandate the BJP received&nbsp;is likely to allow the government leeway to loosen monetary and fiscal policies, likely aiding growth, <a href="https://www.cnbc.com/2019/05/22/india-election-modis-likely-return-is-supportive-for-growth.html">CNBC reported, </a> quoting Edelweiss Group.
Modi has managed to strike a chord with most leaders, including President Donald Trump. That said, skirmishes with Pakistan and India&#39;s uneasy relationship with China will likely continue.
The continuity in the regime, the scope for increased liberalization and the government&#39;s infrastructure push could make India more appealing to foreign investors.
<h3>What&#39;s Next</h3>
With the final tally to be declared soon, the BJP in all likelihood will be called by the president to form the government.
Modi is all set for a second stint, although he a balancing act is required to both&nbsp;revive the economy and deliver on his promise of inclusive growth.
India&#39;s stock market gauge &mdash; the Sensex &mdash;&nbsp;rose about 3.7 percent Monday when the exit poll results&nbsp;predicting a landslide victory for the NDA were released. Since then, the index has been seeing a consolidation move.
The DIREXION SHS ET/DIREXION DAILY INDI (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/indl#NYSE">INDL</a>) was down more than 1 percent at $72 at the time of publication Thursday.&nbsp;
Related Links: 
<a href="https://www.benzinga.com/trading-ideas/long-ideas/19/05/13776903/predicted-modi-win-sends-this-india-etf-surging">Predicted Modi Win Sends This India ETF Surging </a>
<a href="https://www.benzinga.com/money/best-stock-brokers-in-india/">The Best Stock Brokers In India </a>
Photo by A. Savin <a href="https://commons.wikimedia.org/wiki/File:New_Delhi_government_block_03-2016_img3.jpg">via Wikimedia</a>.&nbsp;

India's 2019 Parliamentary Election Results: What You Need to Know

Votes are still being counted in India, Asia&#39;s third-largest economy, but exit polls indicate Prime Minister Narendra Modi cruised to reelection in national elections held over the weekend.
On the back of that news, a slew of US-listed India exchange traded funds rallied Monday even as U.S. benchmarks and the MSCI Emerging Markets Index lost ground.
<h3>What Happened</h3>
Count the Direxion Daily MSCI India Bull 3x Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/indl#NYSE">INDL</a>) among the big winners in the India ETF arena on Monday. INDL, the marquee name among leveraged India ETFs, surged 12.65 percent on Monday.
INDL looks to deliver triple the daily returns of the MSCI India Index. That index &ldquo;is designed to measure the performance of the large- and mid-capitalization segments of the Indian equity market, covering approximately 85% of companies in the Indian equity universe,&rdquo; <a href="http://www.direxioninvestments.com/products/direxion-daily-india-bull-3x-etf">according to Direxion</a>.
<h3>Why It&#39;s Important </h3>
Leveraged international ETFs, of which Direxion offers <a href="http://www.direxioninvestments.com/products/direxion-daily-india-bull-3x-etf">an extensive suite</a>, are ideal plays around the time of national elections in the underlying countries. Funds such as INDL allow active traders to effectively enter a position in the day before or days leading up to the election and &ldquo;sell the news&rdquo; following the results.
Data indicate traders were entering INDL leading up to the weekend&#39;s Indian national elections. For the five days ending Friday, May 17, volume in INDL was nearly 77 percent above the trailing 20-day average, good for the third-highest increase among all of Direxion&#39;s leveraged ETFs, <a href="http://www.direxioninvestments.com/products/direxion-daily-india-bull-3x-etf">according to issuer data</a>.
That theme continued Monday as turnover in INDL exceeded five times the daily average. INDL entered Monday as the tenth-best Direxion bullish leveraged ETF over the past week, but its performance yesterday will likely rocket it to the top spot.
<h3>What&#39;s Next </h3>
As was noted earlier, Indian election results are not yet official, but it is also clear Modi will retain power. That could set up a sell the news event for INDL in the coming days. Traders that missed Monday&#39;s rally in the leveraged ETF may want to sit on the sidelines over the near-term before initiating new long positions in the fund.
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Photo Credit:<a class="owner-name truncate" href="https://www.flickr.com/photos/aljazeeraenglish/" title="Go to Al Jazeera English's photostream"> Al Jazeera English</a>

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India Hopes U.S. Will Take Care of its Allies, Provide Some Flexibility to Allow Purchase of Some Iranian Oil;  U.S. had Previously Indicated Any Cut in Quotas for India's Iranian Oil Purchases Would Be Gradual, Not Go to Zero at Once

The MSCI Emerging Markets Index lost 2.16 percent Tuesday. That was just another day at the office for the downtrodden benchmark, which is now sporting a year-to-date loss of 16.21 percent.
A slew of emerging markets exchange traded funds, both single-country and diversified funds, reside at or near 52-week or all-time lows, but one market is showing signs of life: India.
<h3>What Happened</h3>
Yes, the MSCI India Index lost 1.79 percent yesterday, but that benchmark is up nearly 8 percent this month, which has trimmed its year-to-date loss to nearly 500 basis points less than the MSCI Emerging Markets Index.
The recent strength in Indian stocks is benefiting the Direxion Daily MSCI India Bull 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/indl#NYSE">INDL</a>), the lone leveraged ETF focusing on Indian equities. The Direxion Daily MSCI India Bull 3X Shares attempts to deliver <a href="http://www.direxioninvestments.com/products/direxion-daily-india-bull-3x-etf">triple the daily returns </a>of the MSCI India Index.
Why It&#39;s Important 
The MSCI India Index is home to nearly 80 stocks, about 40 percent of which are financial services or technology names. The energy and consumer staples sectors combine for over a quarter of the benchmark&#39;s weight.
Even with its Tuesday decline, INDL is the best-performing leveraged bullish in Direxion&#39;s lineup on a month-to-date basis, <a href="http://www.direxioninvestments.com/products/direxion-daily-india-bull-3x-etf">according to issuer data</a>. Still, there are some risks to consider with INDL and traditional, plain vanilla ETFs. Those risks include the massive amount of capital that has flowed into Indian equities since the end of the financial crisis.
&ldquo;Indian stocks have been the biggest emerging-Asian beneficiaries of the wave of liquidity that swept over world markets in the wake of the global financial crisis, according to data compiled by Bloomberg. That may also make them the most vulnerable, now that the waters are receding,&rdquo; <a href="https://economictimes.indiatimes.com/markets/stocks/news/popularity-of-india-stocks-over-past-decade-adds-to-outflow-risk/articleshow/66341640.cms">according to Bloomberg.</a>
<h3>What&#39;s Next </h3>
Traders are displaying modest enthusiasm for INDL. Over the past month, the leveraged India ETF is averaging daily inflows of almost $25,000, <a href="http://www.direxioninvestments.com/products/direxion-daily-india-bull-3x-etf">according to Direxion data</a>. That may not sound like sound much (it&#39;s not), but those inflows compare favorably with some other leveraged emerging markets ETFs.
Related Links:
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A Standout Among Leveraged EM ETFs

As tariffs, sanctions, and politics continue to coalesce into a shadow of uncertainty hanging overhead, the markets haven&rsquo;t blinked&mdash;at least not the US markets. The S&amp;P 500 Index is hovering around all-time highs, and the Q2 earnings season was a rousing success across the board.
But that strength hasn&rsquo;t spread across the globe. A myriad of headlines, &nbsp;Brexit ramifications, crisis in Turkey and Venezuela to name a few, have weighed heavily on the global markets.
Take a look at the Direxion Daily MSCI Emerging Markets Bull 3X Shares ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/edc#NYSE">EDC</a>), the triple-leveraged bullish ETF for the emerging markets. It&rsquo;s down 22 percent in the last three months as of this writing, as its counterpart, the Direxion Daily MSCI Emerging Markets Bear 3X Shares ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/edz#NYSE">EDZ</a>), is trading flat with four times as many inflows.&nbsp;
<a href="https://www.benzinga.com/files/u105576/01_0.png" onclick="imce.send('01_0.png'); return false;" title=""><img alt="01_0.png" src="https://www.benzinga.com/files/u105576/01_0.png" /></a>
Source: Yahoo Finance
But while the emerging markets as a whole have struggled to find their way in 2018, other country-specific emerging market funds have quietly risen higher.
After bottoming out at the end of June to a low of about $68, the Direxion Daily MSCI India Bull 3X Shares (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/indl#NYSE">INDL</a>) has since rallied back 26 percent in the succeeding 8 weeks.
<h3>India</h3>
The recent surge stems from a few causes, including <a href="https://www.bloomberg.com/news/articles/2018-08-06/india-keeps-door-open-for-trade-war-truce-with-the-u-s" style="text-decoration:none;">ongoing negotiations with the U.S.</a> after postponing some retaliatory tariffs and a drop in cost of crude; a commodity that India is also<a href="https://www.reuters.com/article/us-usa-crude-india/u-s-oil-exports-to-india-soar-ahead-of-sanctions-on-iran-idUSKBN1K20AS" style="text-decoration:none;"> increasingly turning to America for</a> in the face of new sanctions on Iranian oil. However, what&rsquo;s truly driven price action in the MSCI India Index (NDEUSIA) is a rash of stellar financial reports from the country&rsquo;s leading public sector banks and energy companies, bolstering some of the index&rsquo;s largest holdings in those industries.
<h3>Mexico</h3>
Since the election of incoming social democrat president Andres Manuel Lopez Obrador, Mexico&rsquo;s broad market index has skyrocketed by 40 percent, and the Direxion Daily MSCI Mexico Bull 3X Shares ETF (NYSE:MEXX) has rallied 53 percent.
Part of this enthusiasm for the new administration is a seeming fondness developing between President-elect Obrador and U.S. President Donald Trump, something that, as of Monday, has resulted in an overhaul of NAFTA for the two nations.
Other than signs of a <a href="https://www.businessinsider.com/juan-trump-nickname-mexican-president-lopez-obrador-us-relations-2018-7" style="text-decoration:none;">blooming presidential friendship </a>and a stable, <a href="https://www.ft.com/content/08b6e470-87c0-11e8-bf9e-8771d5404543" style="text-decoration:none;">though not stellar, economy</a>, Mexico has actually not had strong catalysts supporting some of the enthusiasm that struck its market following the July first election results. And, with the real risk of President Trump<a href="https://www.reuters.com/article/us-autos-trade/eu-mexico-automakers-blast-trump-auto-tariff-plan-idUSKBN1K91TN" style="text-decoration:none;"> instating tariffs on auto imports</a> in his hard-line approach to trade negotiations and Obrador&rsquo;s reluctance to open up the country&rsquo;s oil <a href="https://www.reuters.com/article/us-mexico-oil/mexico-business-group-unhappy-about-delay-in-oil-auctions-idUSKBN1KA041" style="text-decoration:none;">industry to private investment</a>, traders eyeing a broad Mexico index should stay abreast of the country&rsquo;s <a href="https://www.reuters.com/article/us-mexico-economy-rates/mexicos-central-bank-holds-rates-steady-trims-growth-outlook-idUSKBN1KN0G4" style="text-decoration:none;">diminished, 2 percent growth outlook for coming quarters</a>.
<a href="https://www.benzinga.com/files/u105576/1_8.png" onclick="imce.send('1_8.png'); return false;" title=""><img alt="1_8.png" src="https://www.benzinga.com/files/u105576/1_8.png" /></a>
Source: Yahoo Finance

Direxion Daily Emerging Markets Bull 3x Shares

Direxion Daily Emerging Markets Bear 3x Shares

As Emerging Markets Struggle, Two Countries Make Their Claim

The global stock market continued their strong performance in October with MSCI world equity index, which tracks shares in 47 countries, setting a record of the twelfth straight month of gains. With this, the index topped its 2003 run of 11 straight months of gains.
	The impressive performance was driven by the surging technology stocks in the United States and elsewhere, a recovery in Spanish markets, dovish European Central Bank, as well as raft of strong earnings results and upbeat global economic data. Additionally, a jump in oil price and high expectation for U.S. tax reform boosted the sentiments across the globe (read: <a href="https://www.zacks.com/stock/news/279948/5-biggest-etf-winners-of-trump-trade-resurgence">5 Biggest ETF Winners of Trump Trade Resurgence</a>).
	This has resulted in huge demand for leveraged ETFs as investors seek to register big gains in a short span. Leveraged funds provide multiple exposure (i.e. 2x or 3x) to the daily performance of the underlying index by employing various investment strategies such as swaps, futures contracts and other derivative instruments. Due to their compounding effect, investors can enjoy higher returns in a very short period of time, provided the trend remains a friend.
	Below, we have highlighted five ETFs that crushed the market in October with abnormal returns piled up in a short period. Moreover, these funds will continue to be investors&#39; darlings this quarter if global sentiments remain the same.
	Direxion Daily Semiconductor Bull 3x Shares SOXL
	This ETF targets the semiconductor corner of the U.S. technology sector with three times (3x) leveraged exposure to the PHLX Semiconductor Sector Index. It has amassed about $513.6 million in its asset base while charges 95 bps in fees per year. Volume is good as it exchanges around 456,000 shares a day on average. The fund gained 24.4% in October (read: <a href="https://www.zacks.com/stock/news/280983/best-etfs-amp-stocks-from-octobers-top-performing-sector">Best ETFs &amp; Stocks from October&#39;s Top Performing Sector</a>).
	Direxion Daily Homebuilders &amp; Supplies Bull 3X Shares NAIL
	The fund creates three times leveraged long position in the Dow Jones U.S. Select Home Construction Index. It charges an annual fee of 95 bps and trades in a light average daily volume of about 14,000 shares. The fund has accumulated AUM of $34.6 million and surged about 24.2% last month.
	Direxion Daily MSCI India Bull 3X Shares INDL
	This ETF targets the Indian equity market and seeks to deliver thrice the daily performance of the MSCI India Index. The product has AUM of $103.1 million and charges 95 bps in fees and expenses. It trades in lower volumes of under 50,000 shares per day and was up 21% last month (read: <a href="https://www.zacks.com/stock/news/281106/bestperforming-etf-areas-of-october">Best-Performing ETF Areas of October</a>).
	Direxion Daily MSCI South Korea Bull 3X Shares KORU
	This fund provides three times leveraged exposure to the South Korean equity market by tracking the MSCI Korea 25/50 Index. It charges an annual fee of 95 bps and trades in a light average daily volume of about 16,000 shares. The fund has accumulated AUM of $11.3 million and surged about 20% last month (read: <a href="https://www.zacks.com/stock/news/281109/what-lies-ahead-for-south-korea-etfs">What Lies Ahead for South Korea ETFs?</a>).
	Direxion Daily Technology Bull 3x Shares TECL
	This ETF targets the U.S. technology sector with three times leveraged exposure to the Technology Select Sector Index. It has amassed about $441.3 million in its asset base while charges 95 bps in fees per year from investors. Volume is good as it exchanges around 142,000 shares a day on average. The fund added 17.6% in October (read: <a href="https://www.zacks.com/stock/news/278610/5-overlooked-tech-etfs-crushing-xlk">5 Overlooked Tech ETFs Crushing XLK</a>).
	Bottom Line
	While this strategy is highly beneficial for short-term traders, it could lead to huge losses compared to traditional funds in fluctuating or seesaw markets. Further, their performances could vary significantly from the actual performance of their underlying index over a longer period when compared with the shorter period (such as, weeks or months) due to their compounding effect (see: <a href="https://www.zacks.com/funds/etfs/etf-categories/Leveraged-Equity-ETFs-48">all Leveraged Equity ETFs here</a>).
	Still, for ETF investors who are bullish on global equities for the near term, either of the above products could make an interesting choice. Clearly, a near-term long could be intriguing for those with high-risk tolerance, and a belief that the trend is a friend in this corner of the investing world.
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KORU

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SOXL

TECL

5 Top-Performing Leveraged ETFs Of October

One of the primary sources of strength for diversified emerging markets exchange traded funds this year is India, Asia&#39;s third-largest economy. With the MSCI Emerging Markets Index approach 2017 gains of 30 percent, some well-known India ETFs are keeping pace while others are topping the emerging markets benchmark.
&nbsp;
Risk-tolerant, sophisticated traders can amplify their gains in Indian stocks on a short-term basis with the Direxion Daily MSCI India Bull 3X Shares (NYSE: <a class="ticker" href="/stock/indl#NYSE">INDL</a>), the lone leveraged India ETF trading in the U.S. INDL attempts to deliver triple the daily returns of the MSCI India Index, one of the most widely followed gauges of Indian stocks.
&nbsp;
The MSCI India Index covers approximately 85 percent of companies in the Indian equity securities market,&nbsp;<a href="http://www.direxioninvestments.com/products/direxion-daily-india-bull-3x-etf">according to Direxion</a>. Top holdings include&nbsp;Housing Development Finance Co (NSE: HDFC) (9.08 percent),&nbsp;Reliance Industries Limited (NSE:RELIANCE) (6.66 percent) and&nbsp;Infosys Ltd ADR (NYSE: <a class="ticker" href="/stock/infy#NYSE">INFY</a>) (6.5 percent).&nbsp;
&nbsp;
Proceed With Caution
&nbsp;
On a historical basis, India is one of the most volatile emerging markets. Several well-known US-listed India ETFs sport standard deviations that are well above equivalent China funds, putting these ETFs more in line with their Brazil and Russia counterparts.
&nbsp;
Volatility cuts both ways with leveraged&nbsp;ETFs. While volatility can be advantageous for traders, that same volatility can also reverse course quickly, causing pain for those who hold an ETF like INDL for weeks or months on end. Like any leveraged ETF, INDL is a short-term trade, not a long-term investment.
&nbsp;
A rising rupee has also been a near-term headwind for India&#39;s markets.
&nbsp;
&ldquo;India&#39;s stronger currency has become a threat for its growth aspirations, piling pressure on the central bank to aggressively intervene in the foreign exchange market even at the risk of incurring the wrath of the United States,&rdquo; <a href="http://economictimes.indiatimes.com/markets/forex/slowdown-hit-indian-economy-counts-costs-of-stronger-rupee/articleshow/60337756.cms">reports Reuters</a>.&nbsp;
&nbsp;
Traders Are Interested
&nbsp;
While the strong rupee is an issue to consider, some traders see promise in Indian stocks, as evidenced by recent data that shows active traders are embracing INDL.
&nbsp;
For the 30-day period ended Sept. 1st, INDL averaged daily inflows of nearly $155,000, <a href="http://www.direxioninvestments.com/products/direxion-daily-india-bull-3x-etf">according to issuer data</a>. That was good for the best total among Direxion&#39;s leveraged bullish single-country international funds during that period.&nbsp;
&nbsp;
Related Links:
&nbsp;
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/09/10010636/a-different-view-on-developed-markets-etfs">Try This Developed Markets ETF</a>.&nbsp;
&nbsp;
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/09/10010633/looking-for-yield-try-this-bond-etf">Get Income With This ETF.&nbsp;</a>

INFY

Traders Are Piling Into This India ETF

The MSCI Emerging Markets Index is up more than 25 percent year-to-date, putting the widely-followed gauge of developing world equities on pace for its best annual performance since 2012. Investors are responding, making emerging markets exchange traded funds (ETFs) some of this year&#39;s top asset-gathering funds.
&nbsp;
Risk-tolerant, tactical traders can take advantage of short-term emerging markets trends with leveraged ETFs, such as the Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSE: <a class="ticker" href="/stock/edc#NYSE">EDC</a>). EDC is designed to deliver triple the daily returns of the MSCI Emerging Markets Index.
&nbsp;
A bet on EDC, or any traditional diversified emerging markets ETF for that matter, is a heavy bet on Asia. The MSCI Emerging Markets Index allocates over 55 percent of its combined geographic weight to China, South Korea and Taiwan.
&nbsp;
Price Action
&nbsp;
Emerging markets had been lagging developed markets stocks for several years, a trend that showed signs of breaking last year as measured by the ratio of the MSCI Emerging Markets Index against the MSCI EAFE Index.
&nbsp;
&ldquo;For years, the valuation levels for developed markets (MSCI EAFE Index) have been above historic levels as emerging markets (MSCI Emerging Markets Index)&nbsp;played catch up,&rdquo; said Direxion <a href="http://www.direxioninvestments.com/xchange/assessing-the-strength-of-the-major-emerging-markets?utm_campaign=Xchange%20-%20Emerging%20Mkts8.15.17&amp;utm_medium=email&amp;utm_source=Eloqua&amp;elqTrackId=19085CEE8B03EAD0F7DEB6D2E2294859&amp;elq=be70c470846b456c8de4f7327a0d9ed7&amp;elqaid=2872&amp;elqat=1&amp;elqCampaignId=2009">in a recent note</a>. &ldquo;The price ratio shows emerging markets outperforming developed markets in 2016 and so far in 2017.&rdquo;&nbsp;
&nbsp;
Despite that, traders seem bearish on the index. Over the past month, the ETF has averaged daily inflows of more than $32,000, <a href="http://www.direxioninvestments.com/products/direxion-daily-emerging-markets-bull-3x-etf">according to Direxion data</a>. However, EDC&#39;s bearish counterpart, the Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) has average inflows of more than $314,000 per day over that period.
&nbsp;
Big Markets
&nbsp;
The performances of EDC and EDZ on the bearish side, are largely determined by the largest emerging markets, such as China and India.
&nbsp;
&ldquo;Much like the U.S, <a href="http://www.direxioninvestments.com/products/direxion-daily-china-bull-3x-etf">China&rsquo;s economy</a> has been in a pattern of middling growth interspersed with brief spurts of productivity. In recent months, this trend has manifested in an upswing in China&rsquo;s manufacturing PMI by one to two points above the benchmark,&rdquo; said Direxion.
&nbsp;
India, Asia&#39;s third-largest economy, is expected to post GDP growth of 7 percent this year, a rate that is expected to hold true for another eight years. Some traders are responding to those India expectations as the Direxion Daily MSCI India Bull 3X Shares (NYSEARCA:INDL), the only leveraged India ETF, has seen a <a href="http://www.direxioninvestments.com/products/direxion-daily-india-bull-3x-etf">sharp uptick in turnover</a> in recent sessions.&nbsp;
&nbsp;
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/08/9914746/traders-have-been-all-over-these-tech-etfs">Traders Like These Tech ETFs</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/08/9937235/where-smaller-is-better">Where Smaller Is Better</a>
&nbsp;
Photo credit: public domain

Short Ideas

Playing The Emerging Markets Trade With Leveraged ETFs

As has been <a href="https://www.bloomberg.com/news/articles/2017-04-11/world-beating-stock-rally-hinges-on-corporate-india-s-profits">widely documented</a>, India is one of the leaders of this year&#39;s emerging markets rally. The two largest India exchange traded funds trading in the U.S., both of which focus on large-cap stocks, <a href="https://www.benzinga.com/trading-ideas/long-ideas/17/05/9539623/being-selective-with-india-etfs">are each up more than</a> 25 percent year-to-date, easily outpacing the MSCI Emerging Markets Index, which is up less than 20 percent.
This has led to quite the rally in the Direxion Daily MSCI India Bull 3X Shares (NYSE: <a class="ticker" href="/stock/indl#NYSE">INDL</a>), the leader among leveraged India ETFs. INDL attempts to deliver triple the daily returns of the MSCI India Index, one of the most widely followed gauges of Indian equities by foreign investors, and is up a whopping 77 percent in 2017.&nbsp;
INDL is one of six leveraged bull ETFs that are single-country emerging markets funds in the Direxion stable. Direxion, one of the largest issuers of leveraged ETFs, also offers <a href="http://www.direxioninvestments.com/#">leveraged bull plays</a> on Brazil, China, Mexico, Russia and South Korea.&nbsp;
&ldquo;From a technical perspective, INDL is currently in a short-term uptrend as indicated by upward trending price action,&quot;&nbsp;<a href="http://www.direxioninvestments.com/products/direxion-daily-india-bull-3x-etf">according to Direxion</a>. &quot;INDL percentage of positive days in the last 30-days is above 60 percent.&nbsp;The 7-day moving average has crossed the 20-day moving average, supporting a possible uptrend continuation from a technical perspective.&rdquo;
With INDL&#39;s technical outlook sturdy over the near-term, the ETF could be an idea to consider for risk-tolerant intraday traders.
The index INDL attempts to deliver triple the daily returns of allocates over 23 percent of its weight to financial services stocks and another 16 percent to technology stocks. The consumer discretionary and energy sectors combine for almost 23 percent of the benchmark&#39;s weight.
Top holdings in the fund include&nbsp;Housing Development Finance Corp Ltd (NSE:HDFC), Infosys Ltd ADR (NYSE: <a class="ticker" href="/stock/infy#NYSE">INFY</a>), and Reliance Industries Limited (NSE: RELIANCE).&nbsp;
&ldquo;We note that the momentum indicators continue to signal a positive trend in the short-term,&rdquo; said Direxion, noting that RSI is above 50 and the widening spread between the MACD line and signal line. &quot;A continual widening spread between MACD and the signal line continues to support the current technical trend.&rdquo;
INDL is up 6 percent over the past week and resides more than 5 percent above its 50-day moving average. The ETF is 1.6 percent below its 52-week high.
Image credit: <a href="https://upload.wikimedia.org/wikipedia/commons/thumb/6/6d/National_Stock_exchange_Mumbai.JPG/1280px-National_Stock_exchange_Mumbai.JPG">Wikimedia Commons</a>

Intraday Update

The World's Hottest Emerging Market Presents A Leveraged Opportunity

Indian stock markets were trading higher on Tuesday. The U.S. Federal Open Market Committee will begin its two-day policy meeting today. The S&amp;P BSE Sensex climbed 53.5 points, or 0.20 percent at 26568.75. The 30-share index touched a high of 26,611.81 in morning trade. The Nifty50 rose 0.07 percent to 8176.60, after touching a high of 8,200.95 in morning trade.

	The S&amp;P BSE Midcap Index gained 0.1 percent, while the BSE S&amp;P Smallcap Index rose 0.15 percent.

	The Indian rupee declined 10 paise to trade at 67.46 against the U.S. dollar on Tuesday.

	Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) fell 2.58 percent to close at $47.88 on Monday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) dropped 0.80 percent to close at $19.72.

	US stock markets closed mostly lower on Monday, with the Dow Jones Industrial Average gaining 0.20 percent, the S&amp;P500 index dropping 0.11 per cent, and the Nasdaq Composite falling 0.59 percent.

	US WTI crude futures on the NYMEX dropped 0.36 percent to trade at $52.64 per barrel.

	Top market movers among the BSE index are as follows
<ul>
<li>
		Terai Tea Company Ltd. shares gained around 18 percent to 62.55 INR.</li>
<li>
		Panchsheel Organics Ltd. rose about 18 percent to 124.80 INR.</li>
<li>
		Mandhana Industries Ltd. rose 18 percent to 30.30 INR.</li>
<li>
		Nahar Industrial Enterprises Ltd. shares surged 16 percent to 114.30 INR.</li>
</ul>

	&nbsp;
<ul>
<li>
		Delta Industrial Resources Ltd. shares dropped around 11 percent to 35.50 INR.</li>
<li>
		Sadhana Nitro Chem Ltd. fell around 11 percent to 28.00 INR.</li>
<li>
		Sree Sakthi Paper Mills Ltd. tumbled 9 percent to 7.59 INR.</li>
<li>
		JRI Industries &amp; Infrastructure Ltd. shares declined 8 percent to 2.35 INR.</li>
</ul>

Forex

Indian Markets Rise; BSE Sensex Up Over 50 Points

Indian stock markets were trading lower on Monday. The S&amp;P BSE Sensex climbed 131 points, or 0.49 percent at 26615.78. The 30-share index touched a high of 26,725.31 in morning trade. The Nifty50 fell 0.67 percent to 8206.80, after touching a high of 8,230.65 in morning trade.

	The S&amp;P BSE Midcap Index dropped 0.5 percent, while the BSE S&amp;P Smallcap Index slipped 0.2 percent.

	The Indian rupee declined 5 paise to trade at 67.41 against the U.S. dollar on Monday.

	Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) fell 1.03 percent to close at $49.15 on Friday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) dropped 0.40 percent to close at $19.88.

	Shares of Rolta India surged over 12 percent after the company reported a 91.33 percent rise in consolidated net profit for the quarter ended September 30.

	US stock markets closed higher on Friday, with the Dow Jones Industrial Average gaining 0.72 percent, the S&amp;P500 index rising 0.59 per cent, and the Nasdaq Composite gaining 0.50 percent.

	US WTI crude futures on the NYMEX gained 4.70 percent to trade at $53.92 per barrel.

	Top market movers among the BSE index are as follows
<ul>
<li>
		Hilton Metal Forging Ltd. shares gained around 20 percent to 20.90 INR.</li>
<li>
		Fiberweb (India) Ltd. rose about 20 percent to 157.05 INR.</li>
<li>
		Aanchal Ispat Ltd. rose 19 percent to 4.65 INR.</li>
<li>
		Vimal Oil &amp; Foods Ltd. shares surged 18 percent to 51.10 INR.</li>
</ul>

	&nbsp;
<ul>
<li>
		Amrapali Capital &amp; Finance Services Ltd. shares dropped around 17 percent to 27.00 INR.</li>
<li>
		Restile Ceramics Ltd. fell around 12 percent to 4.41 INR.</li>
<li>
		Pranavaditya Spinning Mills Ltd. shares declined 10 percent to 27.80 INR.</li>
<li>
		Monotype India Ltd. tumbled 10 percent to 21.60 INR.</li>
</ul>

Indian Markets Open Lower; BSE Sensex Down Over 100 Points

Indian stock markets were trading higher on Friday. The S&amp;P BSE Sensex climbed 34.6 points, or 0.13 percent at 26728.92. The 30-share index touched a high of 26,803.26 in morning trade. The Nifty50 rose 0.06 percent to 8252.10, after touching a high of 8,271.90 in morning trade.

	The S&amp;P BSE Midcap Index rose 0.1 percent, while the BSE S&amp;P Smallcap Index gained 0.2 percent.

	The Indian rupee dropped 19 paise to trade at 67.55 against the U.S. dollar on Friday.

	Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) rose 3.22 percent to close at $49.66 on Thursday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) gained 1.06 percent to close at $19.96.

	US stock markets closed higher on Thursday, with the Dow Jones Industrial Average gaining 0.33 percent, the S&amp;P500 index rising 0.22 per cent, and the Nasdaq Composite gaining 0.44 percent.

	US WTI crude futures on the NYMEX gained 0.26 percent to trade at $50.97 per barrel.

	Top market movers among the BSE index are as follows
<ul>
<li>
		Mangalam Seeds Ltd. shares gained around 20 percent to 138.05 INR.</li>
<li>
		Dharamsi Morarji Chemicals Company Ltd. rose about 20 percent to 110.55 INR.</li>
<li>
		Eurotex Industries &amp; Exports Ltd. rose 20 percent to 33.60 INR.</li>
<li>
		Rasoi Ltd. shares surged 19 percent to 1339.95 INR.</li>
</ul>

	&nbsp;
<ul>
<li>
		Global Offshore Services Ltd. shares dropped around 14 percent to 94.90 INR.</li>
<li>
		Upsurge Investment &amp; Finance Ltd. fell around 13 percent to 22.50 INR.</li>
<li>
		Info-Drive Software Ltd. shares declined 13 percent to 0.21 INR.</li>
<li>
		Shekhawati Poly Yarn Ltd. tumbled 12 percent to 1.90 INR.</li>
</ul>

Indian Markets Edge Higher; Rupee Down Against Dollar

Indian stock markets were trading higher on Thursday. The S&amp;P BSE Sensex climbed 393.3 points, or 1.50 percent at 26630.22. The 30-share index touched a low of 26,357.35 in morning trade. The Nifty50 rose 1.37 percent to 8213.25, after touching a low of 8,151.75 in morning trade.

	The S&amp;P BSE Midcap Index gained 0.9 per cent, while the BSE S&amp;P Smallcap Index climbed 0.9 per cent higher.

	The Indian rupee climbed 17 paise to trade at 67.47 against the U.S. dollar on Thursday.

	The Reserve Bank of India kept its policy rate unchanged on Wednesday.

	Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) rose 1.99 percent to close at $48.11 on Wednesday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) gained 0.61 percent to close at $19.75.

	US stock markets closed higher on Wednesday, with the Dow Jones Industrial Average gaining 1.55 percent, the S&amp;P500 index rising 1.32 per cent, and the Nasdaq Composite gaining 1.14 percent.

	US WTI crude futures on the NYMEX gained 0.24 percent to trade at $49.89 per barrel.

	Top market movers among the BSE index are as follows
<ul>
<li>
		Shree Rama Newsprint Ltd. shares gained around 20 percent to 35.10 INR.</li>
<li>
		Banaras Beads Ltd. rose about 19 percent to 51.50 INR.</li>
<li>
		Kalpa Commercial Ltd. rose 18 percent to 95.00 INR.</li>
<li>
		Diligent Industries Ltd. shares surged 18 percent to 30.00 INR.</li>
</ul>

	&nbsp;
<ul>
<li>
		Dollex Industries Ltd. shares dropped around 17 percent to 3.00 INR.</li>
<li>
		Chandra Prabhu International Ltd. tumbled 11 percent to 17.05 INR.</li>
<li>
		Indian Infotech &amp; Software Ltd. fell around 11 percent to 0.17 INR.</li>
<li>
		Bronze Trading Ltd. shares declined 10 percent to 40.70 INR.</li>
</ul>

Indian Markets Open Higher; BSE Sensex Up 1.5%

Indian stock markets were trading higher on Wednesday. The S&amp;P BSE Sensex climbed 20.5 points, or 0.08 percent at 26413.24, while the Nifty50 rose 0.11 percent to 8152.05.

	The BSE Midcap index gained 0.4 percent, while the BSE Smallcap index rose 0.4 percent.

	The Indian rupee rose 6 paise to trade at 67.84 against the U.S. dollar on Wednesday.

	The Reserve Bank of India is scheduled to announce its policy decision later in the day.

	Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) rose 2.81 percent to close at $47.17 on Tuesday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) gained 1.08 percent to close at $19.63.

	US stock markets closed higher on Tuesday, with the Dow Jones Industrial Average gaining 0.18 percent, the S&amp;P500 index rising 0.34 per cent, and the Nasdaq Composite gaining 0.45 percent.

	US WTI crude futures on the NYMEX dropped 0.55 percent to trade at $50.65 per barrel.

	Top market movers among the BSE index are as follows
<ul>
<li>
		Suditi Industries Ltd. shares gained around 20 percent to 59.75 INR.</li>
<li>
		Archies Ltd. rose about 20 percent to 27.60 INR.</li>
<li>
		Piccadily Sugar and Allied Industries Ltd. rose 20 percent to 11.34 INR.</li>
<li>
		Sanghvi Forging &amp; Engineering Ltd. shares surged 19 percent to 52.55 INR.</li>
</ul>

	&nbsp;
<ul>
<li>
		GCM Capital Advisors Ltd. shares dropped around 20 percent to 6.63 INR.</li>
<li>
		Econo Trade (India) Ltd. tumbled 10 percent to 39.50 INR.</li>
<li>
		Pawansut Holdings Ltd. fell around 10 percent to 6.41 INR.</li>
<li>
		Manpasand Beverages Ltd. shares declined 10 percent to 553.00 INR.</li>
</ul>

Indian Markets Edge Higher; RBI Policy Decision In Focus

Indian stock markets were trading higher on Tuesday. The S&amp;P BSE Sensex climbed 104 points, or 0.39 percent at 26452.93, while the Nifty50 rose 0.41 percent to 8161.95.

	The BSE Midcap index gained 0.42 percent, while the BSE Smallcap index rose 0.46 percent.

	The Indian rupee rose 14 paise percent to trade at 68.08 versus U.S. dollar on Tuesday. The dollar index was trading at 100.17 on Tuesday.

	Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) rose 3.43 percent to close at $45.88 on Monday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) gained 1.15 percent to close at $19.42.

	US stock markets closed higher on Monday, with the Dow Jones Industrial Average gaining 0.24 percent, the S&amp;P500 index rising 0.58 per cent, and the Nasdaq Composite gaining 1.01 percent.

	US WTI crude futures on the NYMEX dropped 0.95 percent to trade at $51.30 per barrel.

	Top market movers among the BSE index are as follows
<ul>
<li>
		Suditi Industries Ltd. shares gained around 20 percent to 49.80 INR.</li>
<li>
		Sanghvi Forging &amp; Engineering Ltd. rose about 17 percent to 43.00 INR.</li>
<li>
		Arihant Foundations &amp; Housing Ltd. rose 14 percent to 69.55 INR.</li>
<li>
		Swasti Vinayaka Synthetics Ltd. shares surged 7 percent to 2.70 INR.</li>
</ul>

	&nbsp;
<ul>
<li>
		GCM Capital Advisors Ltd. shares dropped around 20 percent to 8.28 INR.</li>
<li>
		Wallfort Financial Services Ltd. tumbled 17 percent to 41.15 INR.</li>
<li>
		International Conveyors Ltd. fell around 13 percent to 18.30 INR.</li>
<li>
		Piccadily Sugar and Allied Industries Ltd. shares declined 11 percent to 8.51 INR.</li>
</ul>

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Comments

Direxion Daily MSCI India Bull 2X Shares

Overview

Direxion Daily MSCI India Bull 2X Shares (ARCA:INDL), Quote.Headers.trade-ideas