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 Mar 10, 2011 9:18am

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Post# 18264153

Waiting

Fear is at the extreme again and that doesn't favor much more downside to the mkts right this moment. Financials started to rally strongly over the last few days. I am waiting for the optimal spot to buy FAS for an entry. This is just a short term trade, and then will get back in FAZ.

Mkts should spike one last time to squeeze out shorts, and then imo the big "C" is coming immediately after.

I have it mapped out, and so far it's been working quite well. Saty tuned the swings are about to get much wilder!

https://cyclicalmarketanalysis.blogspot.com/

SC

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