I thought I would start a thread on these 3X Financial ETF's since they have become amazingly popular in 2009. We have had great success using them for both day trades and swing trades. We are holding tight with FAZ for our swing trade with the obvious "tanking" in store for the Financials. But yet may go long on Tuesday if we break above the SP pivot point of 785. We still may use SSO but if it looks like the Financials are going to participate in the consolidation day we'll use FAS.
Let us know if you have been using these and how......
Good luck tomorrow!
Stock Market Club
Faz - Fas
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