FAS

[setravis]

Profile  As of 31-Mar-09:  


Direxion Financial Bull 3X Shares

Phone: 866-476-7523

FUND OVERVIEW  

Category: Specialty-Financial
Fund Family: Direxion Shares ETF Trust
Net Assets: 1.25B
Yield: N/A
Fund Inception Date: 6-Nov-08
Legal Type: Exchange Traded Fund


FUND SUMMARY:  
The investment seeks to replicate, net of expenses, 300% of the daily performance of the Russell 1000 Financial Services Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is nondiversified.


Exchange-Traded Funds (ETF) Center
http://finance.yahoo.com/etf/browser/op?c=etf_sf

[setravis]

TradingMarkets 7 ETFs You Need to Know for Monday
TradingMarkets Research
Thursday April 9, 2009, 2:47 pm EDT

Related:Direxion Financial Bull 3X Shares, iShares Russell 2000 Growth Index, iShares Dow Jones US Financial Sector


Financials led the markets higher on the final trading day of the week. Also gaining in advance of the Good Friday holiday were industrial and consumer discretionary ETFs.

Here are 7 ETFs You Need to Know for Monday.

Bank of America (NYSE:BAC - News) and Wells Fargo (NYSE:WFC - News) were the brightest stars in a luminous financial sector on Thursday, with shares of both gaining more than 30% and 20% respectively intraday. The rally in banks helped boost financial ETFs like iShares Dow Jones U.S. Financial Sector Index ETF (NYSE:IYF - News), which was up more than 10% late in trading on Thursday.

Even more impressive was the soaring Direxion Financial Bull 3x Shares ETF (NYSE:FAS - News), which was up more than 30% late on Thursday. The FAS provides three times the daily return of the Russell 1000 Financial Services Index.

Among emerging markets ETFs, the race to the 200-day moving average may be nowhere more apparent than in shares of the iShares FTSE/Xinhua China 25 Index ETF, FXI which were up more than 4% late on Thursday.

Reflecting renewed strength in industrial stocks, the ProShares Ultra Industrials ETF (NYSE:UXI - News) rallied by more than 10% in trading on Thursday. UXI, a 2-to-1 leveraged ETF, closed at its highest levels since early February. The ETF is increasingly overbought below the 200-day moving average.

A number of short ETFs continue to move lower below their 200-day moving averages. Among them are the ProShares UltraShort Consumer Services ETF, SCC, which provides inverse exposure to many consumer discretionary stocks. SCC was down by more than 5% on Thursday and has closed lower for 11 out of the past 14 days since closing below its 200-day moving average.

ETFs can also be a great way to get exposure to different sort of trading strategies. For example, an ETF trader or investor looking for exposure to small cap growth stocks may consider an ETF like the iShares Russell 1000 Growth Index ETF (NYSE:IWO - News), which was up more than 4% on Thursday.

Up more than 3% and closing at levels not seen since mid-February was the iShares iBoxx High Yield Corporate Bond Index ETF, HYG. It is the second consecutive higher close for the HYG, which is now overbought below the 200-day moving average.


       

[setravis]

Speculation.......
financial should pick up steam in the next 3 months
FAS is a beautifully leveraged play on the long side of financials
the government stimulus packages will do the push for us.
Good news for financials,anticipating continuing good news releases. I'll stay long as long as MACD is positive and see how high it goes.   

[setravis]

These are the times when you take out rulers and pencils, draw the peak and trough trendlines. When the chart diverts from the trend (at the close), that's when you think about taking some off the table. Another reasonable strategy that I was contemplating since I already doubled my original investment, is to take my original money out and let the house money run.



52wk Range: 2.32 - 32.68
Volume: 275,269,114
Avg Vol (3m): 262,706,000

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
31.84%above 13-day MA
45.71%above 50-day MA
RS Rating: 82 

Fundamentals
Key Data:
Market Cap (M): N/A 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

[setravis]

Bank Funds Rise on Investor Optimism
05/08/09 - 12:47 PM EDT

The best performing financial fund was the 300% leveraged Direxion Daily Financial Bull 3X Shares (FAS), which rose 28%. The fund got a boost from Capital One Financial (COF), which gained 58% after it said it wouldn't need additional capital.

The fund also holds Bank of America, which gained 51% after executives laid out plans to convert preferred equity into common equity. The company must raise $33.9 billion to weather two years of weak economic conditions.

[setravis]

updated chart look...