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 ellgaron Aug 13, 2010 8:46am

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Post# 17347779

RE: Checkmate

Hey SnC, I just saw 1073 on the SPX pre market and it bounced off of that base...does that count in your calculations...LOL .

I hope so as I'm out of all my short positions as of yesterday pm and your thoughts helped pushed me that direction but I also felt it was time the market did some spin in the bulls favor.

Thanks for your continued input.

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week