Direxion Daily Financial Bear 3X Shares (FAZ)

[FinancialAdvisor]

On Jan. 6 - FAZ hit a low of 32.57, just nine trading sessions later, it hit a high of 88.67, a gain of 172%. I'm sure the FAZ longs would be drooling if the technical formation did the same as it did back then, now just 6 months later... we'll have to wait and see. So far futures are rather significantly lower, it's just a matter of that money on the sideline coming into play and triggering a sell-off.

A simlar run as we saw back then would give FAZ a nice spike over $11.

Look for interest rates to rise, trigger support for the dollar and in turn a sell-off in the markets. The dollar is in deep trouble, and the only way for them to attempt to rescue it would be draw money out of equities by raising rates.