Direxion Daily Technology Bull 3X Shares [TECL] Stock Forecast

The ongoing battle between growth and value did indeed take a turn in the latter's favor over the past year amid rising inflation and rate hikes. With the capital markets looking at a potential recession, value took the top spot from growth, but as inflation levels off, growth could make a vaunted comeback.

The U.S. semiconductor industry is looking to wean itself off dependence on China for chip technology, and it's inching closer. Per an NPR report, a bill that would help boost competitiveness of U.S. semiconductors cleared a procedural vote in the Senate.

The Direxion Daily Technology Bull 3x Shares (TECL) is an ETF falling in the leveraged funds category. The vehicle seeks daily investment results 300% of the performance of the Technology Select Sector Index.

Inflation fears are certainly driving the Nasdaq-100 into bear market territory with the index down about 30% year-to date, but if the U.S. Federal Reserve can save the markets from free falling, then the Direxion Daily Technology Bull 3X ETF (TECL) could come in handy if a bounce occurs. The markets appear to be embracing the latest [.

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

From a shining star to a black hole, the technology industry continues to see weakness amid rising inflation. That's evident in the Direxion Daily Technology Bear 3X ETF (TECS), which is up over 50% for the year.

Amid huge volatility and uncertainty, the appeal for leveraged ETFs has been soaring although these products occupy a small slice of the ETF space.

MMs “fill” Institutional huge Block-Trades by borrowing otherwise unavailable shares, sell short, hedge short risk, ultimately cover shorts in accommodating market period.

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Overall, last week was upbeat for Wall Street with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 gaining about decently. The rally was spurred by bets that the new COVID-19 variant Omicron may cause milder illness than previously feared.