Direxion Daily Financial Bear 3X Shares (FAZ)

[FinancialAdvisor]

Chart the RIFIN, symbol ^RIFIN at yahoo and $RIFIN at stockcharts, FAZ is not a buy and hold investment, it's a trade to hedge against a downtrend in financials. If you think RIFIN is going to trend lower for a couple of weeks, you buy FAZ, and sell it when it bottoms out.

I'm long right now, looking for RIFIN to retest as low as the 450's area, we may get a similar drop as we had back in January which allowed FAZ to more then double in a short period of time.

No matter where or when you buy, remember to keep a tight stop-loss on your position.