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

Bullboard Posts

Comment by Stocksnchartson Mar 17, 2011 10:34am

145 Views

Post# 18298322

RE: Took profits

Sure enough, mkt bounced sharply. There were also excessive fears yesterday. FAS is the place to be for a trade today, probably tomorrow up to $29.50 or so. FAZ may come down to $42 or a little lower for an entry. Will fine tune these later.

Next week, I think mkts take another major nosedive.

SC

Bullboard Posts

A potential breakthrough in spinal cord and optic nerve injury treatment