To me, TNA looks like it is returning from a possible oversold position (RSI). It seems to be following the support trend line seen on the chart. The MACD might be converging to bullish. I'm liking this trade setup. I'm long, but I'm not necessarily correct. It could go to zero. My account could be worth zero. Don't invest based on my opinion, you could lose all...
TNA which is the Direxion Daily S&P Small Cap 3x leveraged is an ETF that I just came across. I usually trade TQQQ and SPXL while carrying a small position overnight in order to mitigate my risk from daily rebalancing of the leverage ETFs. TNA has run up under 980% since the COVID - 19 sell off and is approximately 40% above its pre - pandemic high. I have heard...
TNA Short 60 min trendline break Short 97 Stop 106 Target 75 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use SIM/Demo account to try it.
$QLD $SSO are strong but small caps are on a tear. Follow price.
Futures continue to sky rocket after Pfizer's news and the continue rally from less election uncertainty. TNA, a leveraged etf was up more than 20% during pre market hours. It has broken out from its previous uptrend and is now in high gear. Wait for a pull back in the next two weeks. Long.
Good entry was last week at 31 but still not bad easy 51-55. Right now looking for GAP fill to 46 in the next 2 weeks
LEVERAGED Gaps overhead where R may be encountered. Strong momentum noted/NV very high/Large player interest noted IWM - iShares Russell 2000 ETF Russ 2000 Indx Small Swap > 50% Not a recommendation
Sometimes appears that price and therefore traders are reacting to the daily exponential VWAP (yellow and black banded line) as opposed to the regular daily VWAP (green line). Actually it is Volume Weighted Exponential Moving Average so perhaps it should be VWEAP. jayy