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

Post by Stocksnchartson Jun 10, 2011 3:06pm

220 Views

Post# 18700564

Short covering

News out:

This news is out: "Big Banks Likely to Face Extra Capital Charge of 2% to 2.5%, Less Than Feared"

That might be end of the FAZ rally for now. I think it can fall back here for a week or so.

SC

Bullboard Posts

Global Tungsten Market and Supply Security