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 Jan 11, 2011 2:06pm

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Post# 17954978

RE: markets going higher

Beach,

First of all, you should be looking at VIX not VXX. VIX bottomed in Dec and has been moving higher since with the mkt. VIX has been signalling very clearly that the mkts are about to run into trouble. VIX yesterday was the highest since Dec 6th.

You said you were buying FAZ last week. Now you are bulllish until May/June? If you are so bullish, then you must be loading up with FAS or another stock/bull ETF. Correct?

I said last week that the mkt needed a few more days to complete a micro pattern which would end this rally. Almost complete.....

SC

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