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 ellgaron Aug 19, 2010 3:11pm

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Post# 17366445

RE: RE: Jobless Claims up! Market down?

With FAS down 6.5% today it doesn't look too bullish but I feel your thoughts as I jumped back into HFU today at $9.48 after selling into yesterday at $9.80.
Crazy as I still have my HXD's...can't get over the feeling the market players won't wait till Sept to bail and may want to get a head start.....I'm finding it difficult to play both sides of the fence, I guess it takes some practice.

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