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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Post by Stocksnchartson Jan 30, 2011 11:44pm

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Post# 18048393

Target levels - Short term

Neckline on the H&S pattern for $rifin is broken. I posted a chart on my new website showing what to look for short term:

https://cyclicalmarketanalysis.blogspot.com/

Fear was high going into the close Friday. That means the mkt may need to settle down a little first, possibly a minimal bounce, and then we see another nose dive for mkts later this week imo.

SC

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