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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 Nov 18, 2010 10:32am
197 Views
Post# 17723937

RE: FAZ leg 2 up

RE: FAZ leg 2 upPicked up a bunch of FAZ.  The most likely scenario here imo is FAZ may push up to $12.10 or so today then possibly decline again to $11.50.  S&P went over my 1194 so I think it may decline to low 1190's and then possibly top around 1207.  

Same setup for FAZ, ,waiting for leg 2 to kick off. 

SC 
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