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

$Direxion Daily Regional Banks Bull 3X Shares ETF(DPST.US)$ 67.5 represents a very good entry point for a short-term trade. the regional banks have yet again been marked down this is a high beta ETF with a 3X leverage that trades three to four dollars a day on the upside when money buys the regional Banks. the past several days we have seen the Russell and the small caps come down regional Banks comprise about 20% of the Russell so as baskets are sold regional Banks gets sold it's part of the basket that compounded with New York community Bank has put a black cloud yet again over the regional Banks. while there are other banks that will pop up there is no contagion effect which compounded the delusions of silicon valley Bank last March. you still have the parrots on TV saying 2 trillion dollars worth of commercial loans are coming due yes and the regional Banks do shoulder the burden yes but these are not all vacant shopping centers and vacant office buildings many are in highly desirable locations that are fully rented.. furthermore the market is a discounting mechanism and has factored in the vast majority of potential problems into these regional Banks so 67 and a half is a very good buy price you have one to two dollars downside of a risk and you have $10 upside near term.