Trading FAS FAZ Stock Analysis November 2009

The Direxion Daily Financial Bear 3X Shares (FAZ)Daily Finan. Bull 3X Shs(ETF)(FAS) have been very active over the past ten months. The following is technical analysis on Financial Bull ( FAS ) for 11/2/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - November 2, 2009

Resistance Levels: $70, $74, $80

Support Levels: $65.26, $64.47, $60

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FAS is now back in an area where I will be actively trading it once again. I love FAS below $70 for both a trade and a long term buy. I am expecting huge swings in this stock next week. Since FAS closed below $68.26 on Friday, I am now watching the $65.26 & $64.47 lows closely. A break below these lows would be very bearish and I will be expecting FAS to tank yet again. The next major support level would be located at $60 followed by $57. The first area of resistance is located at $70, a break back above $70 would be bullish. I would hold FAS if it closed back above $80. For More Technical Analysis - Go Here

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FAS FAZ Stock Analysis October 14, 2009 10/14/09

The Direxion Daily Financial Bear 3X Shares (FAZ)Daily Finan. Bull 3X Shs(ETF)(FAS) have been very active over the past ten months. The following is technical analysis on Financial Bull ( FAS ) for 10/14/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - October 14, 2009

Resistance Levels: $88.59, $91.34

Support Levels: $83, $79.50

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FAS continues to trade sideways in the uptrend but with the futures surging today, FAS could be starting a new uptrend. I would be watching for a break up through $88.59 and a close over $91.34 as a sign of strength. The only way I'd buy FAZ right now is if FAS broke through It's low of the day. This however, is strictly for a quick trade. FAS will have resistance at $100. For More Technical Analysis - Go Here

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FAS FAZ Stock Analysis September 28, 2009 9/28/09

The Direxion Daily Financial Bear 3X Shares (FAZ)Daily Finan. Bull 3X Shs(ETF)(FAS) have been very active over the past ten months. The following is technical analysis on Financial Bull ( FAS ) for 9/28/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - September 28, 2009

Resistance Levels: $80.20, $84, $85.60

Support Levels: $76, $74, $70

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FAS continues to break support levels after closing back below the 10 day moving average last week. I will be watching the $74-$75 area next week. If FAS breaks down into that zone, I may try to buy for a trade. If FAS closes below $74, I will get out. I am more willing to buy FAS around $70. On the upside, FAS will run if it breaks Friday's high of $80.20. For More Technical Analysis - Go Here

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FAS FAZ Stock Analysis September 21, 2009 9/21/09

The Direxion Daily Financial Bear 3X Shares (FAZ)Daily Finan. Bull 3X Shs(ETF)(FAS) have been very active over the past ten months. The following is technical analysis on Financial Bull ( FAS ) for 9/21/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - September 21, 2009

Resistance Levels: $88.80, $91.02, $100.00

Support Levels: $85.50, $81.21, $77.60

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FAS hit a high of $91.05 on Thursday but then pulled back to support at $85.50. Support of $85.50 has held two straight days and is very solid. If FAS does break below $85.50, I will jump in FAZ for a quick trade. FAS then has support around the $82.50 area which was previous resistance. I'd also be a buyer of FAS if it breaks below $80. For More Technical Analysis - Go Here

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FAS FAZ Stock Analysis September 4, 2009 9/4/09

The Direxion Daily Financial Bear 3X Shares (FAZ)Daily Finan. Bull 3X Shs(ETF)(FAS) have been very active over the past ten months. The following is technical analysis on Financial Bull ( FAS ) for 9/4/09.

Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - September 4, 2009

Resistance Levels: $74.29, $80, $82.31

Support Levels: $70, $66.54, $65

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FAS closed above the $70 resistance level Thursday which is very bullish. The next major level to watch is $74.29 which was the previous support level from 2 week ago. $74.29 is now resistance and if FAS can close above it, I think $80 could be retested. On the downside, if FAS breaks below Thursday's low of $66.54, I will be jumping into FAZ for a trade. If FAS closes below $65, I will buy even more FAZ. For More Technical Analysis - Go Here

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FAS FAZ Stock Analysis August 17, 2009 8/17/09

The Direxion Daily Financial Bear 3X Shares (FAZ)Daily Finan. Bull 3X Shs(ETF)(FAS) have been very active over the past ten months. The following is technical analysis on Financial Bull ( FAS ) for 8/17/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - August 17, 2009

Resistance Levels: $75, $77.40, $79.36

Support Levels: $72.53, $70, $67.10

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FAS has been very strong lately after bottoming out at $35.10 and closing back over the 10 day moving average. The 10 day moving average hasn't failed on a closing basis during this entire run. Over the past two trading sessions, FAS has been able to hold $70 so when the stock trades down below $71, I am buying with a tight stop at $69.99. I have been then selling rebounds above $73. If FAS does break $70, I will buy the FAZ stock and hold overnight if FAS closes below $70. If FAS closes above $75, I think you could see a retest of $79. For More Technical Analysis - Go Here

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FAS FAZ Stock Analysis July 6, 2009 7/6/09

The Direxion Daily Financial Bear 3X Shares (FAZ) & Daily Finan. Bull 3X Shs(ETF)(FAS) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 7/6/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - July 6, 2009

Resistance Levels: $8.60, $9.20, $10.00

Support Levels: $8.00, $7.88, $7

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FAS stock was rejected at the 50 day moving average last week and now trades below the 10 day moving average as it approaches $8 once again. FAS is clearly in a downtrend right now but with the great earnings expected from the banks in the FAS & FAZ index tells me that this could be the last major buying opportunity. FAS has support near $8, anything below $8 I will be a strong buyer of. From a technical point of view, if FAS closes below $8 there is really no major support until $7. I have been playing FAZ when FAS nears the 50 day moving average. I also stop out on FAZ when FAS closes over the 50 DMA. For More Technical Analysis - Go Here

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FAS FAZ Stock Analysis June 23, 2009 6/23/09

The Direxion Daily Financial Bear 3X Shares (FAZ) & Daily Finan. Bull 3X Shs(ETF)(FAS) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 6/23/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - June 23, 2009

Resistance Levels: $8.60, $9.20, $10.00

Support Levels: $8.00, $7.88, $7

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FAS stock is back testing the $8 support level once again. As you can see, this has been a major support level over the past 6 months and when broken, there is huge downside risk. FAS closed significantly below the 50 day moving average on June 22, a bearish sign. I am looking to buy FAS in the $7 range for a bounce trade but clearly the trend is now down. If FAS can close back above the 10 day moving average I would get more bullish but for now, buy and sell quickly.

If you think the banks will run into more problems and the market will sell them off, buy the FAZ when FAS gets back to the 10 day moving average. If the downtrend is solid, FAS will fail each time these moving averages are tested. I will personally be buying FAZ when FAS trades near $10. For More Technical Analysis - Go Here

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FAS FAZ Stock Analysis May 26, 2009 5/26/09

The Direxion Daily Financial Bear 3X Shares (FAZ) & Direxion Daily Finan. Bull 3X Shs(ETF)(FAS) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 5/26/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - May 26, 2009

Resistance Levels: $ 9.30, $9.50, $10.00, $10.60, $12.53

Support Levels: $8.60, $8.28, $8.09, $7.88

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FAS continues to trade around the 10 day moving average. For a trade, I am watching for a break above Thursday's high of $9.31 to get long FAS. I am also watching the low from Thursday at $8.60 to jump into FAZ for a trade. The 50 day moving average is slowly creeping higher ( $7.88 ) which is another area to watch going forward. A close below the 50 day moving average would be bearish! For More Technical Analysis - Go Here

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FAS FAZ Stock Analysis May 18, 2009 5/18/09

The Direxion Financial Bull 3X Shares (NYSE: FAS) and the Direxion Financial Bear 3X Shares (NYSE: FAZ) ETF's have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 5/18/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - May 18, 2009

Resistance Levels: $ 9.30, $9.50, $10.00, $10.60, $12.53

Support Levels: $8.28, $8.09, $7.30

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FAS is trading between both the 10 and 50 day moving averages as it still remains in an uptrend. I am watching Thursday's low of $8.28 and the April 30th low of $8.09. If these do not hold, I think a retest of the 50 day moving average is in store. You can also trade FAZ based on this as well. On the upside, a close back above the 10 day moving average ( $10.08 ) would be bullish! I originally wanted FAS to gap down in pre market big time on Thursday and then rally after the open....this would have been a sign of capitulation selling I wanted to see to get long FAS. This did not play out so I will be looking for this in the future to get long or I will jump in on a close back above the 10 day moving average. For More Technical Analysis - Go Here

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FAS FAZ Stock Analysis May 13, 2009 5/13/09

The Direxion Financial Bull 3X Shares (NYSE: FAS) and the Direxion Financial Bear 3X Shares (NYSE: FAZ) ETF's have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 5/13/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - May 13, 2009

Resistance Levels: $10.00, $10.60, $12.53, $13.27

Support Levels: $9.30, $9.08, $8.09

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FAS made a $9.08 low Tuesday after breaking the $9.30 low from last week. If FAS closes below $9.08 I think it could retest $8.09. I am also watching the 10 day moving average at $9.85. FAS broke down below this but rallied back at the end of the day Tuesday so we haven't violated the 10 day moving average yet. You can use the 10 day moving average as a signal to get back in FAZ. On the upside, now that we had this correction, when FAS closes above $10.60 it will be time to get back in for another upside trade. For More Technical Analysis - Go Here

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FAS FAZ Stock Analysis May 11, 2009 5/11/09

The Direxion Financial Bull 3X Shares (NYSE: FAS) and the Direxion Financial Bear 3X Shares (NYSE: FAZ) ETF's have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 5/11/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - May 11, 2009

Resistance Levels: $12.53, $13.27, $15

Support Levels: $10.60, $10, $9.24

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FAS stock continues to be on fire but made a short term top at $13.27 and failed to close above the previous high of $12.53. These are two strong resistance levels which will bring in selling pressure. A break above $13.27 will take FAS back to the $15-$20 zone. Back in early January, FAS fell off a cliff when it broke $20 & $15. On the downside, $10 held Wednesday and the key retest on Thursday. A break below $10 would be bearish from a trading point of view...then i'd jump into FAZ. For More Technical Analysis - Go Here

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FAS - FAZ Stock Analysis May 5, 2009

The Direxion Financial Bull 3X Shares ETF ( FAS ) and the Direxion Financial Bear 3X Shares ETF ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 5/5/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - May 5, 2009

Resistance Levels: $10.05, $10.51, $12.53

Support Levels: $8.05, $7.02

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FAS stock surged late in the day yesterday on low volume and is now testing the major resistance level of $10.05. The next levels to worry about are $10.51 and then $12.53.

On the down side, I would buy FAZ if FAS breaks up through $10.05 but cannot hold that level on a closing basis. I would also buy FAZ if FAS sees a run back to $12.53. For More Technical Analysis - Go Here

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FAS - FAZ Stock Analysis May 4, 2009

The Direxion Financial Bull 3X Shares ETF ( FAS ) and the Direxion Financial Bear 3X Shares ETF ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 5/4/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

Fas Support and Resistance Levels - May 4, 2009

Resistance Levels: $9.00, $10.05

Support Levels: $7.00, $6.00

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FAS stock has been trading sideways since quadrupling in one month. The volume has really died down as we await the stress test results due out May 7th. I like pullbacks to the 50 day moving average for a trade. FAS has solid support at $7.00 and if $7.00 is broken, I look for the 50 day moving average to be tested. As I have been saying for the past month, in order to trade FAZ stock you have to watch FAS. FAS is the stock in the uptrend and rules right now.

On the upside, FAS has major resistance at $9.50-$10.05....a close above this area would most likely take FAS up to test the next resistance level of $12.53. For FAZ, you might get a nice trading opportunity on a close over $9.12 as FAS goes back to retest the 50 day moving average. You have to use very tight stops due to the volatility!! For More Technical Analysis - Go Here

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FAS - FAZ Stock Analysis April 27, 2009

The Direxion Financial Bull 3X Shares ETF ( FAS ) and the Direxion Financial Bear 3X Shares ETF ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 4/27/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

Fas Support and Resistance Levels - April 27, 2009

Resistance Levels: $8.41, $10.05

Support Levels: $7.97, $7.00, $6.00

http://stockcharts.com - Chart

FAS closed back over the 10 day moving average Friday which is a bullish signal. If I trade FAS I will be using a stop at Friday's low of $7.97. FAS also has support at $7.02 and $7.00. A break below $7 from here on out would be a break down and $6 will be tested again. I plan to jump in FAZ if FAS breaks below $7.97. On the upside, FAS does not have much resistance until the $9.40-$9.50 area and then at the April high of $10.05. A close over $10.05 will spark a new break out so keep an eye on that level.

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FAS - FAZ Stock Analysis April 21, 2009

The Direxion Financial Bull 3X Shares ETF ( FAS ) and the Direxion Financial Bear 3X Shares ETF ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 4/21/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

Fas Support and Resistance Levels - April 21, 2009

Resistance Levels: $7.00, $8.00 $8.41, $10.05

Support Levels: $6.23, $5.86, $5.10, $5.00

http://stockcharts.com - Chart

FAS stock crashed below the 10 day moving average today similar to the down move in late March when FAS went under $5. The only difference is FAS is trading above the 50 day moving average and a close below this level on Tuesday would be very bearish. I will be watching $6.23 very closely as a close below this level could spark some additional sell pressure. The next level of support for FAS would be the early April low of $5.86. At one of these two levels, I expect a snap back rebound rally which I will be actively buying FAS for the bounce. Fas was just in the $9 on Friday.

As far as FAZ goes, if FAS closes under the 50 day moving average you will see traders really start to buy the FAZ as protection on their other investments. I am waiting for a close above $12.15 before i'd start to feel comfortable holding FAZ overnight. For traders, FAS and FAZ are the two best ETF's to trade in the stock market. For More Technical Analysis - Go Here

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FAS - FAZ Stock Analysis April 20, 2009

The Direxion Financial Bull 3X Shares ETF ( FAS ) and the Direxion Financial Bear 3X Shares ETF ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 4/20/09. Knowing the support and resistance levels of FAS will help you trade FAZ.

Fas Support and Resistance Levels - April 20, 2009

Resistance Levels: $10.05, $12.53

Support Levels: $8.70, $7.98

http://stockcharts.com - Chart

FAS stock is approaching previous resistance of $10.05 after successfully holding the 10 day moving average last week. A close below the 10 day moving average from this point on ( currently at $7.98 ) will be the first sign of weakness since late March. If FAS can close above $10.05 there is a possibility of testing $12.53 but I think FAS has run to far to fast and a pullback is likely. I am now trading FAZ unless FAS breaks up through $10.05.

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FAS - FAZ Stock Analysis April 15, 2009

The Direxion Financial Bull 3X Shares ETF ( FAS ) and the Direxion Financial Bear 3X Shares ETF ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 4/15/09. Knowing the support and resistance levels of FAS will help you trade FAZ.

Fas Support and Resistance Levels - April 15, 2009

Resistance Levels: $8.00, $8.70, $10.00

Support Levels: $7.80, $7.36, $7.00

http://stockcharts.com - Chart

FAS topped out at $10.05 on Monday which will be a key resistance level to watch in the future. Yesterday was the biggest down volume day in the history of FAS stock, something worth watch closely. I am watching $7.80 and and $7.36 very closely on a closing basis. $7.36 was the low on Thursday when we got the Wells Fargo news. $7.80 was the previous high from mid March which was broken, hence the run to $10. The good news is the low $6's have been a solid buying level and should atleast hold for a nice 10-15% bounce back into the $7's if we get there.

As for FAZ, FAS is still in the uptrend but if FAS closes below $7.36, there is a good chance to make money in FAZ. JP Morgan and Citigroup both report in the next two days..something to watch closely! To me, FAS and FAZ are the best day trading stocks out there! For More Technical Analysis - Go Here

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FAS - FAZ Stock Analysis April 13, 2009

The Direxion Financial Bull 3X Shares EFT ( FAS ) and the Direxion Financial Bear 3X Shares EFT ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 4/13/09. Knowing the support and resistance levels of FAS will help you trade FAZ

Fas Support and Resistance Levels - April 13, 2009

Resistance Levels: $9.00

Support Levels: $7.80, $7.00

http://stockcharts.com - Chart

Fas stock broke out to the upside with the positive Wells Fargo earnings news. FAS was able to break up through that stubborn $7.80 resistance and ended up rallying hard at the end of the day. Support is now between $7.80-$8.00 per share. Pullbacks to this area will be met with many buyers. A close back below $7.80 would be very bearish and I will be buying FAZ stock.
So, how high can FAS go? There will be some tough resistance between $9.00-$9.30, a close above this area would take FAS to test $10.00. Next stop would be $11.75 if the buyers can push FAS through $10. For More Technical Analysis - Go Here

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FAS - FAZ Stock Analysis April 6, 2009

The Direxion Financial Bull 3X Shares EFT ( FAS ) and the Direxion Financial Bear 3X Shares EFT ( FAZ ) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 4/6/09. Knowing the support and resistance levels of FAS will help you trade FAZ.

Fas Support and Resistance Levels - April 6, 2009

Resistance Levels: $7.80, $9.00

Support Levels: $7.00, $6.20, $6.00, $5.20

http://stockcharts.com - Chart

FAS closed over the 50 day moving average for the first time ever today. This is a very bullish signal going into next week. FAS is now ready to retest the previous high of $7.80 where there is a lot of resistance just under $8.00. On the downside, watch for pullbacks into mid $6's to be bought heavily. From here on out, $6.20 is now a major support level since it was the low on Friday. A break below $6.20 would take FAS back to the mid to low $5's with $5.00 being a major support level as well. As you can see from my line on the chart, $5.00 has been the battle ground over the past two months...a gap below this level results in huge downside risk.

Since FAS is in the uptrend, I watch the way FAS is trading to let me know when to get into the Financial Bear 3X ( FAZ ). FAZ is in uncharted territory and if FAS can break $7.80, you could see FAS worth more then FAZ within months.

How have I been trading these two? When FAS has a huge run over several days and breaks down through the low of day, I jump into FAZ for a trade. When FAS gets hit hard for several days, I will buy FAS when it finally breaks through the high of the day. If I see FAS gapping up big on Monday, I will most likely start a position ( for a trade ) in Financial Bear ( FAZ ).

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