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 Feb 28, 2011 10:21am

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Post# 18204408

Back in

Bought back FAZ. It should push up strongly now at least short term.

It wouldn't surprise me if it did come down after that to fill the gap at $7.41 now $37.05. Maybe, maybe not. So I may be a little early but this mkt is teetering on the edge. Many talking about new highs for the mkt now. I don't think that will happen or if so then just minor.

SC

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