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Direxion Daily Financial Bear 3x Shares FAZ

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the funds net assets (plus borrowing for investment purposes). The index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large-capitalization U.S. equity market. It is non-diversified.


ARCA:FAZ - Post by User

Post by Stocksnchartson Jun 29, 2010 11:39am
214 Views
Post# 17230752

Market showing signs crash is near....

Market showing signs crash is near....I still think there is the potential for a strong reversal rally here just for a few days.  It may or may not happen.  The short term is getting more difficult to call as volatily increases.

In my view, either the serious part of the crash starts Thurs or Fri this week, or early next week if the mkt rallies strongly here.  Remember Monday is closed.  

Daily MACD on FAZ got the bullish cross today - so far anyway.  Treasuries TLT broke out yesterday, and that is very bearish as well.        

SC 
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