Direxion Launches Four New 2x Leveraged ETFs Amid Risk Warnings

Direxion expands its leveraged ETF lineup on February 13, 2026, adding four 2x bull ETFs designed to deliver twice the daily return of an index. The products face heightened caution from analysts who warn of misapplication and the risks of leverage, including rapid drawdowns and the potential to trigger retail selling pressure. Supporting context highlights key holdings: ASML (ASML) remains overbought technically and above 50 trailing earnings; Alibaba (BABA) is range-bound with a history of volatile, short-lived rallies; Marvell (MRVL) trades within a 10-month $70–$120 range, amplifying volatility; and SoFi (SOFI) is in a steep downtrend with the PPO in poor condition. Proponents emphasize proper position sizing when leveraging, noting that leverage amplifies both gains and losses. Analysts caution investors to consider defensive strategies and use screening tools to avoid overexposure.