Direxion Daily Financial Bear 3X Shares (FAZ)

[Weltman]

It wouldn't surprise me if FAZ rebounded until mid-january. However, I'm not sure if I'm willing to hold that long here. More so looking to get out at 40.

Technically speaking, my bet is that the S&P works its way down and bounces off of 1225 unless we get some really bad news. 1225 is down 3.2% from where we are now. A 3.2% drop in the S&P could easily give the FAZ a 9.6% pop to 40.