The 3x financials (FAS) is a great and cheap way to get exposure to the possible financial reversal coming in the future. This ETF traded at a all time low breaking below 4 bucks before violently reversing on Friday. Is this a pivot low? Look for continuation going forward and follow through for clarification. Great risk reward going forward. I picked some up on the break of 4 bucks Friday.
Sunday, February 22, 2009
Financials Anyone?
The 3x financials (FAS) is a great and cheap way to get exposure to the possible financial reversal coming in the future. This ETF traded at a all time low breaking below 4 bucks before violently reversing on Friday. Is this a pivot low? Look for continuation going forward and follow through for clarification. Great risk reward going forward. I picked some up on the break of 4 bucks Friday.
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