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.

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Direxion Daily Financial Bear 3x Shares

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Comment by Stocksnchartson Mar 15, 2011 12:07pm

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Post# 18287466

RE: Nikkei Crashed

First and foremost - what a sad situation for the Japanese. I hope that these reactors are able to stabilize without further damage.

I do think that there is further downside for mkts over the next week. S&P 1227 is an area to watch. So I am looking for a spot to re-enter FAZ. $42.50-$43 may work.

SC

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