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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Post by Stocksnchartson Jan 05, 2011 10:41am

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Post# 17927019

ADP report

This mkt is not reacting well to the ADP report. The wall st cronies seem to be selling the news while touting it at the same time.

In terms of employment, they need hundreds of thousands of job creation a month just to stay even with the birth rate, never mind the multi millions unemployed.

Every reason to expect mkts to fall, Euro tanking today. S&P seems to wants to test and retest that 1270 Lehman resistance. Closed at 1270 yesterday and just hovering around this number.

SC

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