Replies to post #1478 on Direxion Daily Financial Bull 3X Shares (FAS)

[Porgie Tirebiter]

I know Morgan Stanley is a big part of FAS/FAZ, and so is BAC. Today's performance in those two alone is probably a big factor today.

I don't follow MS directly, but it looks like short positions in that stock might be covering today. But they're certainly not getting squeezed, they'd be booking profits.

[Funstick]

Does the market have some legs? I made two nice trade with FAS today.