XLF and KRE are both trading currently at recent highs, as KRE has not seen these levels since the spring of 2010 and XLF was here last prior to the August equity crash of 2011.
For those looking to leverage a move to the upside from current levels in a trading strategy, Direxion Daily Financial Bull 3X (NYSEArca: FAS) offers three times the daily return of the Russell 1000 Financial Services Index, while bears whom believe a pullback may be in store might look to Direxion Daily Financial Bear 3X (NYSEArca: FAZ) which is calibrated in a similar manner, only inversely correlated with the Russell 1000 Financial Services Index.
Financial Select Sector SPDR
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