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 3:13pm

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Post# 18220779

RE: RE: held

FAZ should pullback and it might even go as low as $37.05 to fill the gap. It may test $41.80 late today or tomorrow morning before it drops off.

I still think that this dip is different as people are acting differently, and for that reason I think FAZ is setting up for a very large move up. That may be next week though and so it may decline this week first.

SC

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