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 28, 2011 12:58pm

172 Views

Post# 18501505

RE: RE: RE: Faz and TVIX

Yes, early to the party, but it looks like it's going to be one heck of a party for the bears!

I'm watching these financials closely. They have terribly underperformed the S&P since late March. It's a glaring gap, and very serious warning sign.

On a micro level they are still holding today, probably indicating we still have some sideways chop until the bottom falls out. I'm heavily positioned, and don't think that the wait will be long now.

I also read Goldman has been a big seller every day for weeks...

SC

Bullboard Posts

How a junior advances one of the largest undeveloped diamond projects