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 Sep 08, 2010 4:21pm

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Post# 17426209

RE: RE: RE: RE: RE: Last week

The Fed beige book report today was bearish and tomorrow 8:30am jobless claims & international trade reports could show more signs of a still slowing economy, but the markets don't seem to want to sell off even after all the upside last week and not much of a pullback this week so far i'm sitting on the edge waiting for the axe to fall.

still holding some short positions waiting for that 1180 SPX pullback .... maybe tomorrow but it will depend on the am reports (before the market opens!)

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