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 Dec 28, 2010 2:06pm

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Post# 17899126

RE: RE: RE: RE: VIX

Exactly, when I plot $VIX:$SPX it shows the same broadening formation/expanding wedge pattern as in Aug 2008 before that crash. It simply means that VIX is becoming ever more volatile, and that contrasts with the mkt which is all quiet. Normally VIX moves much more in sync with the mkt.

The storm is building and the warning signs are there, but most people remain oblivious to the facts. I suspect FAZ may dip just a bit the rest of today, and that will set up for a gap up and strong push up for FAZ tomorrow morning.

SC

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