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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Post by Stocksnchartson Jul 01, 2011 10:43am

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Post# 18788362

Time to short again

Happy Canada Day!

The market has surged up into the holiday weekend, and I'm heavily short again. I think we are going to see another sharp selloff next week. 1295 area next week for S&P imo. More declines later in the summer.

The markets bottomed last year July 1, and this looks like a top this year on the same day.

SC

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