Direxion Daily Financial Bear 3X Shares (FAZ)

[Recognizer]

FAZ/FAS

[hang ten]

You got $38! $FAZ should move up a bit next week.. of course predictions are a fool's game but $SPY did get turned off the 200dma today.

Costa Rica must be cool

[hang ten]

I tell you what it could go either by tomorrow.. we've seen big swings both ways this month.

[trythisagain]

Do You See This Hitting $35 By Weeks End?

[hang ten]

not sure if you'll get those more 400pt'ers.. I think the fed brought out a bazooka yesterday but it won't help the sovereign issues; china etc. Now that the banks have more $$ does that mean they can lend more to Europe?

I'm seeing decent volume on $ES_F now and it's not going up

[xZx]

rocco, at least you know you weren't the only one. any trader who went short on the "downgrade" news at last night's open got hammered today. i was one of them.

it's especially hard when we've got a few plates spinning, trying to keep track of movements in various sectors -- energy, financials, metals.

dow futures are off a modest -26 right now. maybe some relief for the bears tomorrow, but with jobs data coming friday, hard to say.

[rocco2]

That is one nasty chart! This is what we should expect on a news driven market! who knows what tomorrow will bring! Keep the powder dry. day trade the light volume to win, not hold>. Sleeping with cash.....(Licking a few wounds)

[xZx]

i consider it a buy signal whenever i begin to hear "FAZ is done"... it would be nice to see a few more 400+ pt days before i make an entry tho.

[hang ten]

Eddy, you might be giving up on $FAZ too soon. I agree, it's daunting right now but really not THAT much has been fixed. Just my thought.

[eddyimano]

FAZ is out of my Christmas wish list now. TBT and commodities will do well after today. Time to load up, IMO.

[eddyimano]

I am done with FAZ. FED is always behind financial to liquidate. It is not worth it to own FAZ.

[canestsal]

Great Britain beating the war drum w Iran

Look out Iran, Britain is looking for a fight:

http://www.liveleak.com/view?i=01b_1322666021

[xZx]

and the markets are following eur/usd usually... i think black friday numbers decoupled the two for a day or so, but we'll probably be back to taking our cues from overseas again.

[Fishpert]

The markets would consider that good news, don't ask me how or why. Of course FAZ is following the markets.

[xZx]

this may affect trading tomorrow:

http://www.bloomberg.com/news/2011-11-28/u-s-rating-outlook-cut-to-negative-by-fitch-after-deficit-committee-fails.html

hard to tell just yet, but FAZ is up in after hours trading.

[stickbag]

I think so too. Could be some upside rally this week. I'm glad I got out of my TZA on Friday. That was good timing. I took a small chance on the short side and bought back into TZA and SPXU. All it takes is for one negative headline out of Europe and all of these short ETF's start to climb.

[xZx]

we closed pretty strong today, so it might be worth it to wait until this leg up is running out of steam. i could be wrong, but it seems like we've got some room to run higher yet.

[stickbag]

xzx,

would you be a buyer of FAZ here today? Scale in with a small position. Hard to tell what the week will bring us. Not sure to go with TNA or FAZ. Any thoughts?

[rocco2]

The rumor mill is alive and well

The euro held gains even after an International Monetary Fund official said the Washington-based lender isn’t planning a loan program with Italy.

The Italian newspaper La Stampa reported earlier that the IMF is preparing a 600-billion euro loan for Italy in case the debt crisis worsens. It didn’t say where it got the information.

The IMF had about $390 billion available for lending as of Nov. 17, which Managing Director Christine Lagarde has said may not suffice to meet loan demand if the global outlook worsens.

“We continue to expect corrective gains in the euro will be short-lived and subject to headline risks,” Marc Chandler, chief currency strategist at Brown Brothers Harriman & Co. in New York, wrote in a note to clients. “We still believe that the $1.29 year-end target for the euro is reasonable


http://www.bloomberg.com/news/2011-11-27/euro-advances-after-report-of-imf-italy-plan.html

[canestsal]

Italy to get $800b loan from IMF

http://www.bloomberg.com/news/2011-11-27/euro-advances-after-report-of-imf-italy-plan.html

Huge 'crack-up boom' rally tomorrow

[xZx]

well, it's all relative. for some of us, "good" is being able to buy low, so you can sell high.

[privatejet911]

It don't look good for FAZ tomorrow.

[hang ten]

LOL..


Chess'nWine.. on GS
http://ibankcoin.com/chessnwine/2011/11/27/air-pockets-under-those-goldman-slacks/

[xZx]

fishpert, all we have to do is ignore the banking crisis, in europe, yes, but with its blowback on US shores, too -- and then the economic outlook is quite rosy.

[Fishpert]

No comment:

http://www.bloomberg.com/news/2011-11-16/jpmorgan-joins-goldman-keeping-investors-in-dark-on-italy-derivatives-risk.html

[Fishpert]

Yesterday they said sales were projected to be bad, today they say blackfriday sales are very good. I guess Bernanke pressed the up button, again.

I did some stimulating of the economy myself. I wonder what "they" are going to say when the rebate coupons get processed?

[Fishpert]

Vulture funds scour Greek opportunities

Don't know what to make of this. http://www.athensnews.gr/portal/11/50857

[rocco2]

http://ycharts.com/companies/SPY/price#zoom=1m

[monoatomicgold]

I cannot say why, I KNOW its going to 119 and change. You wouldn't believe me anyways.

[privatejet911]

Pre market buyers got burn't today.

[Fishpert]

Did I ever post this here? Probably not because FAZ turns into a frightened little turtle everytime I post. But I'm not saying anything about FAZ, you draw your own conclusions.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68851750
And today: http://globaleconomicanalysis.blogspot.com/2011/11/uk-banks-brace-for-eurozone-break-up.html

65% Chance of Banking Crisis by End of Month: Researchers
CNBC.com | November 10, 2011 | 05:28 AM EST

There is a 65 percent chance of a banking crisis between November 23-26 following a Greek default and a run on the Italian banking system, according to analysts at Exclusive Analysis, a research firm that focuses on global risks.

Having tested a number of assumptions in a scenario modeling exercise, the Exclusive Analysis team warned it is becoming less and less likely that EU leaders will simply “muddle through” and have made some bold calls with clear timelines on when the euro zone will be thrown into a major financial crisis.

The most likely outcome according to their analysis is a sudden crisis in which the US, UK and BRICs nations refuse to provide funding via the IMF for the euro zone. In a world where predictions are made with no time lines, the paper makes some bold predictions which can be held to account over the next three weeks.

In the worst case scenario, Exclusive Analysis expects the governments of Greece and Portugal to collapse due to a lack of consensus on how to handle the debt crisis leading to social unrest. German opposition to handing more funds to the EFSF rises, leading Germany’s parliament to actually reduce the money available to the bailout fund.

[rocco2]

http://ycharts.com/companies/SPY

[jsc52033]

Happy Thanks Giving to all

[monoatomicgold]

I intercepted a signal yesterday, SPY to move up to 119.28 today.

[deadjim]

bullish news or not, the fact is that a revisit of 2009 lows is inevitable. my question is, do you really want to be long stocks regardless of any upside reward from here, or would you rather sit comfortably in cash and wait to pick up the pieces from the piles of bones?

financials are already at 2009 lows, which is confirming what I've been saying for 2 years now, that 2009 is/was a bear market rally, and nothing more.

As to not deceive yourself into thinking that I'm some kind of perma bear, I have proof that I went long stocks into the 2009 lows, and unlike all the other fakes so rampant on message boards I'm willing to show trades, and I do.

Speaking on the FAZ board I realize I'm preaching the to the choir here.

[xZx]

i don't know the exact # but a pretty sharp fellow was claiming the dilution required would take eur/usd to 1.20... probably a bit lower than that on the reaction, or maybe sentiment would be bullish enough on the news to spare that currency the true damage. hard to say, one way or the other, but it's something bears need to conceptualize as a potential bullish wrench in their works. lol

[rocco2]

How much does the EU have to print, to pay off all debtor nations? Looking to go long on ink

[xZx]

the one thing that might mess up the bear party is if the ECB starts printing to pay off every debtor nation. let's say this takes eur/usd to 1.20 -- USD would take off big time, but stocks would probably rally on the news... "problem solved"... weeeeeeeeeee..!!!

being in FAZ might be painful in that scenario, so i'm not going overboard in either direction right now. just playing the intraday moves and maintaining enough exposure to catch a nice leg down if we get one.

dow futures +16 now... eur/usd rising slightly.

[hang ten]

nice ending to the day bear rally into the close and no, not going away. this problem's been coming for since before the Eurozone and it'll be going for a long time too.

[rocco2]

Well it looks like the " dirty finger nails " CAT and commodity based industries are the stop gap for now. EU inflation is on the table. JMO but it looks like the wheel is falling off the bus

[xZx]

TBT flat today... that's a big sign US debt ain't safe imo.

[xZx]

US equities as a safe haven may be holding FAZ/TVIX back, but S&P bulls can't hold the fort for much longer imo.

[xZx]

big trouble in germany today... this problem isn't going away. just the tip of the iceberg imo.

[xZx]

it's all coming together now for the bears. one domino after another.

[beach_trades]

German 10-year bond auction a "disaster"

LONDON (Reuters) - A "disastrous" sale of German benchmark bonds sparked fears on Wednesday the debt crisis was beginning to threaten even Berlin, with the Bundesbank forced to dig deep into its pockets to ensure the auction did not fail.

In one of the least successful debt sales by Europe's powerhouse economy since the launch of the single currency, the low returns offered -- just 2 percent annually over 10 years -- deterred investors made uneasy by the escalating cost of the crisis to Germany.

That meant the central bank had to pick up 39 percent of the 6 billion euros ($8 billion) of debt Germany had hoped to sell after commercial banks bought just 3.644 billion euros of the issue.

"It is a complete and utter disaster," said Marc Ostwald, strategist at Monument Securities in London.

"This does not bode well, it is the worst of uncovered auctions that we've had this year and little wonder that the Bund sold off on the back of it."

The country's debt agency said the shortfall in the sale reflected worsening market nerves, that it would sell back the retained amount to investors on secondary debt markets and that Germany would not face a funding bottleneck.

Bund futures, the euro and European stocks fell after the auction, with Germany's 10-year debt costs rising above equivalent U.S. yields for the first time since early October.

The results compared with an average retention rate by the Bundesbank of 17.83 percent at 10-year bond auctions in 2011. Data from IFR, a Thomson Reuters service, showed this to be the highest Bundesbank retention since at least July 1999.

Regarding TBT--as it is flat today: Maybe People temporarily flee to U.S Bonds as have no choice---TBT takes another dip--But after that no where to go to but implode?

[rocco2]

Germany’s Treasury auctioned just EUR3.64 billion of 10-year government bonds out of the maximum EUR6 billion offered in an auction earlier. Total bids for German debt fell short of the maximum amount available by 35%, the worst demand on record

http://www.forexpros.com/news/forex-news/forex---eur-usd-tumbles-to-6-week-low-after-german-debt-auction-227223

[Fishpert]

2-Year Italian Bond Yield Hits 7.27%
http://globaleconomicanalysis.blogspot.com/2011/11/2-year-italian-bond-yield-hits-727.html

[hang ten]

yes, $EURUSD at the mid 134's now.. be interesting to see if 134 holds today--as xzx has mentioned it seems to be strong support level.

[hang ten]

g'morning xzx:) I pulled up my $ES_F chart and I was wondering what happened..

[steelpiston71]

Dexia Bailout On Verge Of Collapse started the slide, the pmi print didn't help.