Direxion Daily Smal Cap Bull 3X Shares (TNA)

[farooq]

On that day if you are short it means cover your short @39.03 and it also mean trend is changing, Trend will be still iffy, but if cross 42.94 than holding a long position or buying new position is warranted.

[Teach23079]

What does buy stop 39.03. Go long 42.94 mean and how do you apply the information to your trading practice. I do understand this is only an interesting discussion and is in no way trade advise.

[farooq]

Nothing changed,buy stop 39.03. Go long 42.94.

[farooq]

I may be wrong and we may test June low. We are in down trend. Stop short at 41.10.

[farooq]

I do not think we will test June lows. Market could zoom up if Russian war stop. This inflation is supply dependent so Fed rate will only induce recession, which is good to buy some cheap values. IWM could benefit tremendously in that outcome.

[Teach23079]

Powell speaks and market drops. Always

[farooq]

Stay long , sell stop 46.50 on closing basis.

[farooq]

Still valid.

[farooq]

TNA on sell stop is at 47.17 on closing basis.

[farooq]

Thank you, I will start posting after market close.

[Teach23079]

Welcome back.

[farooq]

I will be on vacation till next Sunday.

[farooq]

Wonderful Job.

[Teach23079]

Donations to flood relief Eastern Kentucky.

[farooq]

If you benefited from my posts and made some profit than I hope you will give 5 % of your profit to charity of your choice for hunger elevation or soup Kitchens. Thanks.
Farooq

[farooq]

Remain on buy, Stop sell at 45.22 today on closing basis.

[farooq]

Remain on buy no targets today.

[farooq]

I think it may close on sell today. Sell stop is 44.74 and sell short is 43.65 on closing basis.

[farooq]

TNA remain on buy sell stop is at 43.48 on closing basis.

[farooq]

TNA remain on buy sell stop is at 42.58 on closing basis, they will try to take that price out during the day again probably.

[farooq]

TNA still on buy closing below 41.79 will generate stop sell signal.

[farooq]

TNA close on buy stop sell is at 40.36 on closing basis.

[farooq]

TNA close on buy stop sell is at 37.46.

[farooq]

We did not close above 38.61 but now we are, I would prefer to see it closing above 38.49 to go long.

[farooq]

if we close below 38.61 it could generate a sell signal.

[farooq]

So decision was correct to take profit Friday morning, long signal was on 38 near Friday closing. System still long.

[farooq]

System is long but I take profit. If goes higher one can always buy again.

[farooq]

The system is long. Stop sell 37.27.

[farooq]

The system is long. Stop sell 36.36.

[farooq]

System close on sell with stop buy at 34.56, we in pre market is already above that price. So if we open above 34.56 than It favors a long position.

[farooq]

Sold @ 36.45. No short here just took profit. System is long stop is at 34.44.
LABU may offer 15 % opportunity.

[farooq]

I wrote this program myself. Thanks for visiting and for kind words.

[Teach23079]

What system are you using? Your post are very helpful and appreciated.

[farooq]

System favor short below 33.05. I am long at the moment. It give buy signal above 33.44.

[farooq]

We are way oversold, Fed cannot control Food, energy and rent inflation, they are just buying time.They all are supply related, pundits are not putting fingers on correct problems, only savoy one's talking about it. Supply channels are opening, if China opens more in six week we will start listening good news. So be careful use stop a violent rally is possible. It may prove one of best chance to buy stocks.
Good luck and happy trading.

[farooq]

Still on sell stop moved to 33.90 on closing basis.

[farooq]

Sell Stop triggered System is on sell. Buy stop now at 34.90 on closing basis.

[farooq]

35.40 is stop now. Stay long is signal.

[farooq]

Stay Long Stop on Closing basis is 34.71.

[farooq]

Covered short and not long yet but if pull back occur will be long.

[farooq]

Remain on sell stop 33.79 on closing basis.

[farooq]

Stopped out, closed on sell signal.

[farooq]

TNA still favors long, Stop should be below 34.20.

[farooq]

It tested the break out and closed above buy mark but 32.15 close would have given me more confidence. I am long.

[farooq]

Initial buy signal possible tomorrow if close above 31.80 Stop is wide at 30.00.

[farooq]

I will be scalping so Swing signal will be on hold.

[farooq]

Long TNA tomorrow some time.

[farooq]

Ty.

[paulgmx1]

IWM >> ex divi $.494

[farooq]

Sold Yesterday at close. No position now I may buy 43.57 but I am not short yet.