Legitimate price retrenchment in unleveraged bank ETFs and, of course FAS, could mean the Direxion Daily Financial Bear 3X Shares (NYSEArca: FAZ) is worth evaluating as a short-term trade. FAZ attempts to deliver three times the daily inverse performance of the Russell 1000 Financial Services Index.
Stocks residing in that index include Bank of America (NYSE: BAC), Citigroup (NYSE: C), J.P. Morgan Chase (NYSE: JPM) and Goldman Sachs (NYSE: GS).
Direxion Daily Financial Bull 3X Shares
