As Clint Eastwood might say, "Are you feeling lucky?"

At a time when many investors are hoping for a bottom in this year's plummeting stock markets, Direxion Funds says it's ready to come out with eight new leveraged and inverse exchange-traded funds. (See charts below).

But these ETFs won't just offer a bit more juice. They're set to become the first to offer three-times the leveraging power of their underlying benchmarks. (See related column here.)

Direxion says that the eight 3x leveraged ETFs should launch on Wednesday. They're part of some 36 in the works. (See related story here.)

"Do you have an opinion on the direction of the market? Maybe you are interested in overweighting or under-weighting a certain sector. Direxion Shares powerful 3x leverage (the highest in the ETF and mutual fund industry) seeks to amplify the performance (positively or negatively) of your investment capital by 300%," said the company in recent marketing material made available to investors.

For example, if the Russell 1000 Index gains 1% in a trading session, the Direxion Large Cap Bull 3x ETF is designed to gain 3%. On the other hand, the Direxion Large Cap Bear 3x ETF would move in just the opposite direction. If the same Russell index fell 1%, the ETF's goal would be to gain about 3%.

The new ETFs are listed with net expense ratios of 0.95% per year. (The prospectus for the new ETFs can be found here.)

Half of the initial eight hitting the market later this week will provide 3x leveraged exposure. The other four will offer 300% inverse exposure.

If you're a 300% bull type needing a bit more leverage ...

And if you're a 300% bear looking for inverse juice ...

Source: DirexionShares.com