FAZ - stock to watch
The etf is close to hitting support.
http://i54.tinypic.com/6enl2w.pngI don't think support matters for a leverged inverse fund. The financials in my opinion have hit a bottom, so it's probably going lower.
Also, the decay from the daily rebalancing causes it to lose value as well.
Agreed. FAZ seems like a short play to me... Or FAS of course...