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Direxion Daily Financial Bear 3X ETF Message Board

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  • quailrunrd quailrunrd Jun 2, 2009 12:32 PM Flag

    One month holding faz at $7.3

    You must hold until 2 events have occurred. First we have the unemployment report on Friday. Whatever it is, there will be a dismal prognosis for next month due to auto foreclosures. Banks and dollar will tank. FAZ will benefit.

    Secondly, we have the next auction of 30 year treasuries on June 11th. Can't say for sure what will happen but when you have the Chinese laughing at Geitner when he tells them investments in treasuries are solid, that should give us a clue. Poor treasury sale will be bad for dollar and banks, good for FAZ.

    Wait to decide until at least June 12th for clearer picture.

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FAZ
11.260.00(0.00%)May 22 4:00 PMEDT