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 Stocksnchartson Mar 02, 2011 12:17am

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Post# 18216926

RE: held

This "Dip is Different" for the markets. Last week when the mkts tanked, my fear gauge went immediately to very extreme fear. This was one of the reasons that I sold FAZ last week with the view to buy back lower.

In the last trading session, the fear gauge was neutral in the morning and still NEUTRAL at the end of the day despite a substantial drop of over 20 S&P points. There is no fear despite the mkts dropping hard, and that is very bearish. I think we could see a moderate bounce for mkts before a huge plunge.

Maybe FAZ comes back to test $39.75 before it goes wild. I am not trading, my position stays in place now.

New charts:

https://cyclicalmarketanalysis.blogspot.com/

SC

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