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 Aug 05, 2011 9:40am

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Post# 18907658

RE: RE: RE: to deleverage this trade or not to?

For sure active trading is not for everyone. The coming rally is going to take months imo, with FAZ much lower.

Keep in mind I read Cramer saying just a few days ago "now is the time to buy big banks". The sentiment already eroded as much as it can yesterday. It will only improve now for months.

I see a sharp rally for a few days, but there will be another selloff imo around Aug 10th.  Likely a lower high for FAZ on that one though. I think it already topped yesterday.

SC

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