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Direxion Daily Financial Bear 3X ETF Message Board

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  • quailrunrd quailrunrd May 9, 2009 3:29 PM Flag

    Here is Mondays Scenario For FAZ

    My guesstimate for the next 2 week trading range...1.95 to 7.

    But when 6/1 deadline arrives for GM,whatever resolution will have negative impact on banking sector. Too many CDS tied to GM bonds. FAZ should then improve to some degree.

 
FAZ
42.23+5.63(+15.38%)Jun 24 4:00 PMEDT