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 23, 2011 1:10pm

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Post# 18328757

RE: RE: RE: RE: RE: Time to bail FAS

The mkt still is not ready to take the plunge. Looking like that is coming next week. I lucked out and bought FAS near the low today $28.18 just for a several day trade - target high $29.

I think FAZ already bottomed on Monday under $41, but I think it can test around $41 again next few days.

VIX dropped quite a bit this morning, and that also favors more of a rally for mkts short term. A big plunge is setting up for next week though imo.

SC

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