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DIREXION DAILY SMALL CAP BULL 3X SHARESDIREXION DAILY SMALL CAP BULL 3X SHARESDIREXION DAILY SMALL CAP BULL 3X SHARES

DIREXION DAILY SMALL CAP BULL 3X SHARES

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TNA trade ideas

Opening (IRA): TNA Feb 21st 36 Covered Call... for a 34.33 debit. Comments: Starter position on weakness/high IV in lieu of the less liquid URTY. Selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 34.33/share Max Profit: 1.67 ROC at Max: 4.86% 50% Max: .84 ROC at 50% Max: 2.43% Will generally look to take profit at 50% max, add at intervals should I be able to get in at break evens better than what I currently have on.
AMEX:TNALong
by NaughtyPines
$50 by Nov 5 Appears we've had an accelerated move to the low $40's already. Was expecting this by x-mas. Now expecting a move to $50 by election day. There is some uncertainty who will win, but a push to the 88.6% fib is highly probable. Depending on who wins, we will see a push to between $54-62 range, or a temporary retrace. Feds have cleared the way for more rate cuts. Mostly likely another .25 before election day, just so they look good, but not "influencing" the market/election in any way, of course.
AMEX:TNALong
by ep7
1
Direxion Small Cap Bull 3x | TNA | Long in the $30sMarkets are forward looking. When the Federal Reserve drops interest rates (perhaps in 2024?), I anticipate money to flow into the heavily beat-down small-cap market (filled with stocks most negatively impacted by high interest rates). TVC:RUT would rise rapidly, and my bet is on AMEX:TNA to follow. From a technical analysis perspective, the fact there is a gap to close for AMEX:TNA in the low $90s is enticing. It may be a bumpy or speedy rise there, but the $30's have been a personal buy zone. Target #1 = $54.00 Target #2 = $92.00
AMEX:TNALong
by WorthlessViews
TNA is an amazing buy!Trend not broken. Trend is still upwards. With the Fed basically guaranteeing interest rate cuts to start shortly the Russell2000 is ready to explode upwards. Expecting to retest local highs in the mid $40's by year-end. And if the economy views this rate cutting action as long term stability for the markets, then we can see significant returns in the small caps which have been trailing the SP500 for the last 2 years since about $6T in cash is sidelined, and money managers needs to prove their worth, since they have not been making good calls for their clients for the majority of this 2 year rally.
AMEX:TNALong
by ep7
1
Double Bottom | 35% move possibleDirexion Daily Small Cap Bull 3x Shares forms bullish "Double Bottom" chart pattern "Double Bottom" chart pattern formed on Direxion Daily Small Cap Bull 3x Shares (TNA:NYSE). This bullish signal indicates that the stock price may rise from the close of $43.19 to the range of $54.00 - $57.00. The pattern formed over 102 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend. The Double Bottom pattern forms during a downtrend as the price reaches two distinct lows at roughly the same price level. Volume reflects a weakening of the downward pressure, tending to diminish as the pattern forms, with some pickup at each low, less on the second low. Finally the price breaks upward above the highest high to confirm the bullish signal.
AMEX:TNALong
by moneytalkstome
IWM / TNA next few days will decide...To my friends, TNA would be a nice dip buy between 57-58$ (let's say 57.92 and see how well this will plays out) stop loss would be at 56.50. TP1 68.38 final TP 73.32 or u can wait on confirmation of the 61.43 alert and set a stop limit buy order at 61.5 stop loss 61 same take profit whatever the entries I charted IWM and it gave me about the same relative entries and target. I just like the 3x leverage if we break under 57.15 I'll short it we play the short side with a stop at 58 TP1 50.20 Final TP 45.26 i believe some of the growth name are consolidating at 52weeks low. might give IWM/TNA a boost, while SPY is fighting for his life not to break under 400 I think spy will drift down slowly to 404.65 lets make it 400 psych number. while being choppy money might rotate to growth play. #NOTFINANCIALADVICE because if I would be right I would be rich af.
AMEX:TNA
by digitalcustomshop
Small Cap Rotation - EpicLots of market breadth was eroded this year, with most small and micro-cap investors becoming frustrated by shameless levels of naked shorting across a lot of sectors, such is the frustration always felt in a wave-four correction. This may be a leveraged ETF but the structure here is undeniable. Our last chance at the big time! With the S&P (ES1!) driven to insane levels by only a handful of tickers, we have some time left to take us to levels in excess of 5000+ Because of the ridiculous valuation levels, I expect we may not see the same returns in big-cap tech and instead see rotation into small and micro-cap value and tech. I have loaded a huge bag since mid-2021 along the line of this thesis, and I can tell you personally the turning point is here. BOTTOM IS IN? - I think so yes, note the confident bounce here from a lower low with bullish divergence. The chart is annotated with an Elliott wave count showing that we are completing a W4 consolidation that began in Feb 21, a fib extension to 230+, The yellow line on March 21 shows when I expect the market may begin to show exhaustion which is the time I expect to go to cash and maybe some VIX calls. (timing is not exact but an indication) Check out my ISWH chart for my favourite stock that sits at the nexus of crypto leverage and small-cap OTC.
AMEX:TNALong
by ptero1492
5