FAZ - stock to watch

[bexlentee]

The etf is close to hitting support.

http://i54.tinypic.com/6enl2w.png

[BillyWag]

I 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.

[BlaineTarr]

Also, the decay from the daily rebalancing causes it to lose value as well.

[admin]

Agreed. FAZ seems like a short play to me... Or FAS of course...