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.

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Direxion Daily Financial Bear 3x Shares

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Comment by Stocksnchartson Apr 04, 2011 1:53pm

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Post# 18382505

RE: RE: Fundamentals

Mkt is looking toppy. Either it has already topped or just a slight high for the mkt tomorrow from Friday before it drops. I'm looking for moderate declines this week for the mkts. The bigger drops come a little later especially next week around mid-April imo. Looks like mkts bottom S&P 1206 area on bad earnings.

I like TVIX as I see VIX setting up to spike higher. I don't see VIX moving much over 20.50 though until possibly next week. TVIX might see around $40 with VIX 20.50. The bigger gains would come later.

TVIX is a much different animal than FAZ though. For one thing it decays about $1 a week under normal conditions, more if mkts are volatile. So it is only short term as timing is critical. Definitely not for everybody.

SC

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