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Vet67to82 (< 20)

Direxion Financial Bull 3X Shares (FAS): Top holdings

Recs

112

April 17, 2009 – Comments (3) | RELATED TICKERS: FAS , BAC , WFC

Report April 17, 2009

RELATED TICKERS: XLF, FAS, JPM, WFC, GS, BAC, BK, USB, V, TRV

 ( FAS )  After Hours:  9.43 +0.03 / +0.32% Vol. 1.62 Mil
 
Top holdings  as of 3/31/2009
Symbl  Company name % Net assets                 After Hours
JPM    J.P. Morgan Chase & Co.( 8.56%)         33.24 -0.02 / -0.06% Vol. 418,354 
WFC  Wells Fargo Company (5.22%)              20.33 +0.07 / +0.35% Vol. 738,439
GS     Goldman Sachs Group, Inc. (4.07%)     120.55 -0.05 / -0.04% Vol. 143,302
BAC  Bank of America Corporation (3.75%)     10.96 +0.36 / +3.40% Vol. 3.13 Mil  <--
BK     Bank of New York Mellon Corp (2.81%)  30.48 +0.26 / +0.86% Vol. 110,666
USB  US Bancorp (2.21%)                              18.45 -0.15 / -0.81% Vol. 44,103
V        Visa, Inc. (2.16%)                                57.90 -0.10 / -0.17% Vol. 44,168
TRV   The Travelers Companies, Inc. (2.14%)   42.72 +0.19 / +0.44% Vol. 31,669 
 Percentage of holdings  30.92%
 

  Expecting financials to be up at the open and 9:30 to 10:30 to be a roller coaster as the analysts and media digest the conference call and the questions and answers. ... Bank of America Corporation will present first quarter 2009 financial results on Monday, April 20, 2009 at 9:30 a.m. EDT. The live webcast, accompanying presentation and other earnings-related information will be available through the Bank of America Investor Relations Web site at http://investor.bankofamerica.com.

 Good luck all.   

 

3 Comments – Post Your Own

#1) On April 17, 2009 at 11:08 PM, mistermiranga (97.86) wrote:

I am sure all will call well for BAC on Monday. Who could doubt that after Citi today?

Still thinking the time is right to drop my FAZ bomb at some point in the late AM on Monday. the hairs on my back are standing at attention...kind of like before lightening strikes. of course that could be good or bad but technicals and fundamentals point in that direction. this is not advice...just something I feel that needs to be done because it feels right.

my caps picks will show my bias right now but I am by no means a perma bear. I really do like USB for the long haul.

good luck to you as well. thanks for posting the holdings...nice to know what's behind those killers. :) 

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#2) On April 18, 2009 at 12:12 AM, Vet67to82 (< 20) wrote:

I track FAZ as point and counterpoint to FAS, XLF, etc ... to keep me honest as well as other shorts and ultrashorts ... hint ... watch the "On Balance Volume" as one of your  leading indicators of the market direction in these stocks.  Keep in mind the speed these tigers change direction at is hyperfast ... and you're right one minute and buried the next. 

However, while FAS holds stock and derivatives, FAZ is primarily dervatives to get the -300% which makes it a lot harder to calculate fundamentals and value.   I can chart XLF, FAS, JPM, WFC, GS, BAC, BK, USB, V, TRV and I made a layout specifically for that  ... so, I have a real good idea of the pieces of the puzzle, how they fit, and what the overall picture is shaping up to look like.    I haven't been able to get a handle on the pieces within FAZ ... that means NO educated guess ... just a "gut feel" or 100% gamble.   I'm not comfortable with that.

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#3) On April 19, 2009 at 3:59 PM, Vet67to82 (< 20) wrote:

This is a "short term" look from my FAS intraday charting - based on a 10 day - 15 minute chart analysis:

Moving Average Price Compare
Friday, FAS closed below its 13 minute moving average. This is generally considered to be an indication of a bearish trend.

Moving Averages
No current signals

Bollinger Bands
FAS is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

Stochastics
The Stochastic Oscillator is registering a bearish signal as the %K line has crossed under the %D and the oscillator recently crossed below the critical value of 80, moving from its overbought condition.

On Balance Volume
The On Balance Volume indicator (OBV) presently offers a bullish signal. This is because the slope of the indicator is positive and shows that there is considerable buying interest.

Price Channel
FAS is trading below its 5 minute price channel. This means that the stock is trading at a new low for the period and the price channel will update to reflect that.


... My take is that some holders lightened their FAS positions due to the uncertainty surrounding the BAC earnings announcement, release, and conference call for Monday A.M. Even for the "experts", It takes time to digest the report. That means INCREASED volutility. The media will generate a lot of quick "news" releases as they attempt to assess the report and try to scoop other agencies by releasing positive (negative) points first. The conference calls always bring up questions and answers that are not in the report ... so those "answers", hesitations in answering, and even "non-answers" can move a stock. Everyone, bull or bear, should listen to a couple of conference calls.

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