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.

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Direxion Daily Financial Bear 3x Shares

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Comment by ellgaron Aug 31, 2010 8:19am

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Post# 17398546

RE: Consolidation today

The futures are down this AM and not looking like a day to get a gap up like you mentioned...what"s your thoughts?
Were probally looking at very low volumes leeding into th Labor day weekend with the job #'s due out Friday I feel the market could drift lower from here. IMHO!

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