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 Libertygon Jun 04, 2009 11:58am

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Post# 16043505

Today

Gobbled up some more today. Looking for the S&P to test the 924 area again, then possibly 903, if that then the 880 range. Needs to break the 950 to keep this rally intact, but looking for a re-test of the lower numbers first. Expecting a sell-off this afternoon or tomorrow back to at least the 924 area if not lower. We'll see if this is indeed the case. Like my chances with FAZ at this price for a nice bump today or tomorrow. But if the 950 gets taken out we could keep going up, don't see that likely though.

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