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

Bullboard Posts

Comment by Stocksnchartson Apr 26, 2011 12:48pm

179 Views

Post# 18489226

RE: Faz and TVIX

Yes had a great weekend Mani thanks for asking. It's been tricky to get the optimal entries, but I see so much downside here for the mkts it hardly matters.

Added the rest of my shorts this morning. The warning signs are there. Financials rallied some today but still looking awful overall in April. Canary in the coal mine.

VIX has been higher for a few days now. RUT has a lower high from early April. TVIX is very leveraged and I have figured that it decays about $1 a week. It's not for everyone, very aggressive. I bought some this morning as it made a double bottom with S&P pushing higher. This is the first I have seen it outperforming the mkt in a while. Another warning sign.

I like this spot to short. BGZ looks great to me at this price, FAZ not quite as good but still good upside, and the TVIX.

SC

Bullboard Posts

Catch up with companies that got a Stanley Cup Playoffs boost