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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 Cartman666on Sep 24, 2010 11:03am
133 Views
Post# 17488424

RE: RE: RE: Next moves, short soon...early?

RE: RE: RE: Next moves, short soon...early?I don't think anyone expected such a large gap up this AM... and holding with conviction so far... judging by the action at yesterday's close, many would assume a pullback would continue this morning. Bears caught off guard yet again... I'm on the sidelines for now and will wait until closer to 4pm to buy... if the rally holds up here, we could see the S&P at 1170 early next week.
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