Direxion has launched four new 2x leveraged ETFs, including ASML, BABA, MRVL, and SOFI, aiming to deliver 2x the daily return of individual stocks. Concerns exist about potential misuse by investors and the flood of new products in the market. ASML is technically overvalued, Alibaba’s chart is bearish, Marvell has a wide price range, and SoFi is in a downtrend. Retail investors are cautioned against using leverage as a gambling tool and advised to focus on risk management and defensive investing strategies. Screening for funds that rise when stocks fall may be a more prudent approach.

Read more at Barchart: New Leveraged ETFs Are Just More ‘Bull Crap’ to Me. Here’s the Real Red Flag Investors Are Missing.