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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

Post by Bigpaulbunyonon May 08, 2009 9:00am
203 Views
Post# 15977394

Trading stratergy

Trading stratergyI know this may sound weird to you guys but i wanted to get some thoughts. Some March the dow has opened either up or down and then has traded back to even or the opposite direction. There have only been a few days where the dow opens in one direction and keeps going in that direction.( this pattern may change but it is a pattern i see working right now. ) my thought is to buy the FAZ and FAS at the close. IF the market opens high sell your fas and when the market changes direction you then sell your faz at a profit. ( the opposite if the dow opens down.) THis way you don't have to try and tine your buys and loose money if you are wrong. ANyway this is just an idea.
GLA
Bullboard Posts