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 Jul 04, 2011 11:09am

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Post# 18792707

RE: Time to short again

When I look at things closer I see now that the mkts might take a few weeks to bounce around and run out of momentum at these levels. So for S&P should chop around in the 1325-1347 area. I do see the next swing down to 1295 S&P later in July. So for FAZ can probably see $47-48 area in several weeks.

SC

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