Update: How to Trade TVIX, FAS, FAZ today ( May 10 2012 )


TVIX (NYSEARCA:TVIX) VelocityShares Daily 2x VIX Short Term ETN:

Information
: VelocityShares Daily 2x VIX Short Term ETN is an exchange-traded note issued in the USA. The Note will provide investors with a cash payment at the scheduled maturity or early redemption based on 2X the performance of the underlying index, the S&P 500 VIX Short-Term Futures Index less the Investor fee.

It is for volatility traders, as one can't directly trade VIX volatility index. 

Tip: Buy it at the end of the today's trade and hold it for tomorrow, Bought it at $6.90.

FAS ( NYSEARCA: FAS ) or FAZ ( NYSEARCA: FAZ ) Direxion Daily Financial Bull / Bears 3X Shares

Information: Direxion Daily Financial Bull 3X Shares is an exchange-traded fund incorporated in the USA. The Fund's objective is daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000 Financial Services Index ("Financial Index"). The Fund invests in at least 80% of its net assets in the equity securities that comprise the Financial Index

Tip: Buy FAZ ( Financial Bear Shares ) on dips around $21.5-22 or Sell FAS ( Financial Bull Shares ) on rise around $99-100.
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