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 May 30, 2011 11:58pm

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Post# 18647516

RE: RE: RE: Time to short again

We'll soon see Mani. Not many agree with me on the Silver, but I have to say it's a good looking trade from what I see. Basically my pattern indicates a drop for Silver to $27 in June (should be really close to top now), and then a rally back into the $40 range for later summer/fall. Not seeing a new high for it though. It did go parabolic in April, and once those crash they don't normally recover for a long time. Gold should fall hard as well in June, but I think it can put in a slight new high late summer/fall while Silver puts in a lower high.

Aside from the PM's, shorting the mkts also looks attractive here for the next few weeks. FAZ back to $46, TVIX $22 or more within a week. It's a fun mkt to trade with all the chop.

SC

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