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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

Comment by Stocksnchartson Sep 21, 2010 2:33pm
138 Views
Post# 17475116

RE: RE: RE: Today

RE: RE: RE: TodayAs expected mkt rallied after the FED.  This rally will fizzle out, and a drop in the mkt is coming the next few days.  I don't have much expectations for FAZ the rest of today, but I see FAZ into the $13's over the next few days.

S&P back to low 1100's next few days.

SC     
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