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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

Direxion Daily Financial Bear 3x Shares
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Comment by Stocksnchartson Oct 25, 2010 9:59am
145 Views
Post# 17606565

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Spike

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: SpikeS&P hitting that 1195 area I had mentioned last week.  There is very heavy ressitance there.  What is more interesting though is that while S&P is making the fresh high today, FAS is making a lower high.  FAS was trading at $23.30 last week when S&P topped at 1189.  Unless financials can pick up the pace really soon, then can only conclude that financials are weak and leading the way down again.   It's early to say for sure, but let's see how it goes this morning.  

I still see better probabilities for the mkt dropping over the next few days.

SC 
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Dealroom for high-potential pre-IPO opportunities