direxion Funds is schedule to release 3x leveraged funds to the market.

BE CAREFUL!  As with most of these leveraged ETFs, the literature is a bit misleading:

"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%".  So when the market is up 20% by the end of the year as the world embraces Barack Obama and Santa Claus is throwing money from the sleigh during the Santa Claus rally, you're going to be up a cool 60%, right?  Not likely.  Depending on the volatility, you could underperform unleveraged assets and I'm not talking about if it just goes straight down.  The goal is to mimic the day-to-day movement.  If the Russell 2000 is up 1% for the day, the ETF should be up around 3% for the day.  That's the extent of the following.

Is this a bad vehicle?  As most things, it depends on the situation.  I don't recommend any of these products when they have no track record.  I've yet to have someone come to me and tell me that they were pleasantly surprised that their investment product returned above and beyond what they expected.   This isn't Monopoly, so there's never a bank error in your favor.