00:00 The Direction Daily S&P 500 bull 3x shares trading under the ticker SPXL seeks daily
00:07 investment results of 300% of the performance of the S&P 500 index.
00:12 The Direction Daily S&P 500 bear 3x shares trading under the ticker SPXS similarly seeks
00:17 to magnify returns on the performance of the index, but this time by seeking daily investment
00:21 results of 300% of the inverse of the index.
00:25 The S&P 500 is a market cap weighted index including the 500 largest companies in the
00:29 market by market capitalization.
00:32 Those companies span nearly every sector of the market and account for about 80% of the
00:35 total value of the U.S. stock market.
00:38 It's widely used as a benchmark of the larger economy and many traders use ETFs based on
00:42 the index to turn their broader market assumptions into actionable trades.
00:46 The Direction Daily S&P 500 bull and bear 3x shares provide daily exposure to top large
00:51 cap U.S. stocks like Apple, Microsoft, Amazon, NVIDIA, Alphabet, Tesla, Berkshire Hathaway,
00:57 Meta Platforms, and Exxon.
00:59 You may want to trade SPXL when you think the index is likely to go up in the short
01:02 term, gaining the ability to multiply exposure for a single day.
01:06 You'd only trade this fund as an active trader with high risk tolerance since the fund should
01:09 not be expected to provide its 3x leveraged goal for periods greater than a day.
01:14 You may want to trade SPXS when you think the index is likely to go down in the short
01:17 term, gaining the ability to multiply inverse exposure for a single day.
01:21 You'd also only trade this fund as an active trader with high risk tolerance since the
01:25 fund should not be expected to provide its 3x inverse leveraged goal for periods greater
01:29 than a day.
01:30 Before investing, carefully consider the fund's investment objectives, risks, charges, and
01:34 expenses contained in the prospectus available at Direction.com.
01:38 Read carefully to ensure a full understanding of the risks that leveraged funds entail.
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