TNA trade ideas
TNA Bouncing Back Nicely. Small Caps To The Moon! Jesus is LordTo 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 of your money. Jesus is Lord.
LOADING UP ON TNA 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 that small cap stocks will lead the charge up or down before there's a market turn in the S&P 500.
I'm looking at two entry points for this ETF. My first entry point will be at $89.92 and my second position will at $71.32. Due to TNA being a leveraged ETF the goal is to take a small position relative to my account and potential day trade the TZA (the inverse) or TNA with a larger position. I am very bullish on the market and I am loving the pullback that we are experiencing. Based on past analysis, TNA hit a resistance and then pulled back towards a support at $71.32 before breaking through its resistance - and now support - at $89.92 creating a new resistance. The sell off from the resistance at $104.14 looks healthy but I am looking for a bounce off of $89.92 here. TNA is holding its 15 and 50 day EMA strongly after breaking below its 5 day EMA. I will cut my position and turn bearish on TNA if we break below the 50 day EMA. This is the first post that I have made and I am looking to create more whether my analysis is correct or wrong. Thank you in advance for any feedback that readers provide me with as I am looking to do this full time!
TNA ShortTNA 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.
$TNA trend up. Stay dumb follow price$QLD $SSO are strong but small caps are on a tear. Follow price.
Pfizer News and Less Election Uncertainty - TNAFutures 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.
Sweet timing 51-55 by EOY gap fill to 46 in 2 weeksGood 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
ABC BullishLEVERAGED
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
exponential VWAP - Volume Weighted Exponential Moving Average 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
TNA april 30// go shorttendency about to be corrected, lower numbers are to expcted... i'm going short.
