Avery Schumer
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Avery Schumer in Sector Report,

The Leveraged ETF Tech Trade During Earnings Season

Tech sector earnings kick off in a big way in the next week, as big tech stocks like Amazon.com, Inc. AMZNApple Inc AAPLFacebook Inc FB, and Alphabet Inc GOOGL GOOG will all report earnings for the July quarter. 

Traders looking juice short-term trades on technology sector earnings can consider the Direxion Daily Technology Bull 3X Shares TECLand its bearish counterpart, the Direxion Daily Technology Bear 3X Shares TECS. TECL tries to deliver triple the daily returns of the Technology Select Sector Index while TECS attempts to deliver triple the daily inverse returns of that popular tech benchmark. Read more

AMZN: Some consolidation seems possible.

$AMZN, Amazon.com, Inc. / D

AAPL: Some consolidation will take place.

$AAPL, Apple Inc. / D

FB: Some pause is possible.

$FB, Facebook, Inc. / D