Direxion Financial Bear 3X Shares ETF (FAZ) — This highly leveraged Exchange-Traded Fund (ETF) seeks to replicate, net of expenses, 300% of the inverse daily performance of the Russell 1000 Financial Services Index (RIFIN).

Despite being somewhat short on data, the fund appears capable of a bounce to $60-plus if the financial sector is hit hard again this week after a rally in anticipation of the Treasury Department’s new plan.

As with all speculative, high-risk ETFs, stops should always be entered in order to protect against a large loss and placing limit orders under the market is a wise method, too.

For example, a limit order to buy FAZ at $30.50 is more prudent than a market order.

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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.