FAS direxion forecast: 4.7% in 7 days
FAS forecast from May 6 2012 (before market opening) based on "I Know First" predictive Algorithm.
Time horizon of the forecast: 7 trading days from May 6 2012.
Get today’s forecast for FAS
On Friday, News that JPMorgan Chase & Co (JPM), the largest U.S. bank by assets, lost billions of dollar on bad trades raised fresh worries that the financial sector was not on the mend. The KBW bank index (.BKX) fell 1.2 percent for the day, FAS fell by 2.8% on friday.
FAS: Direxion Daily Financial Bull 3x Shares seeks daily investment results of 300% of the price performance of the Russell 1000 Financial Services Index (the Index). The Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap United States equity market.
