Direxion Daily Smal Cap Bull 3X Shares (TNA)

[farooq]

I think 92 area would be first resistance. It is going to make new high ultimately.

[haha11]

TNA 10 2Ds..LIVE + D.1month...

LINK LIVE 10 2Ds.
https://ih.advfn.com/stock-market/AMEX/direxion-daily-smal-cap-TNA/chart/real-time

D..1M..

[haha11]

TNA D..2M..Chart..from double down..

will see if this chart works..

link..
https://ih.advfn.com/stock-market/AMEX/direxion-daily-smal-cap-TNA/stock-price

[haha11]

TNA BULL Daily from bottom cycle Dec20,21 ,may hit Around 99.xx +/-..?..with seesaw..

look like small cycle starts..now 84.20 from closed THU. 12,23,21

Opinion..comment..will see the projection.

TNA 30 ..
https://schrts.co/xWNRxzFn

TNA Daily
https://schrts.co/qsuvbIYZ

[farooq]

Buy Signal continue, I took profit on my 71 $ buy and converted profit into options spread. Also did some Lotto TNA Jan monthly 100 calls long/ 101 calls short for 5 Cents, remember it is a gambling bet with reward 1:20.
Happy Holidays drive safely.
Farooq

[farooq]

We did close above as expected, Will it retest break out has to be seen. But now TNA is long and stop is 76.63.

[farooq]

We did close above short time trend change but bigger trend will change if we close above 76.31 today which at moment seems likely.

[farooq]

We did came back impressively on Friday but seems all action was option related. Some of my covered call got exercised so I will be able to buy some cheap stock tomorrow when 15 min chart will change trend, it will be a day trade. Long position will be initiated when 4 hour chart will turnaround.Stay tuned.

[farooq]

We did broke and made new low for the last 10 months. Closing above 76.75 will get my attention. A relief rally of 2 days suppose to come.

[farooq]

You are welcome.

[paulgmx1]

thanks

[farooq]

Seems market really like more pain. Fed news heavily discounted. May be most wanted interest rate hike now. TNA magic number for attention is above 77.70 closing. Go to long is 80.50 closing.
One positive is we close above yesterday's low.

[farooq]

Today number to consider buying TNA is closing above 81.60. Alternate at this time is staying with TZA but remember we are way oversold so keep reasonable stops on trade.

[farooq]

Change in direction is only possible if TNA close above 82.48 other wise downward trend continue.

[farooq]

Low price option trades are Lotto with risk higher than average options.

[Ferda]

Thanks good luck to us

[farooq]

Sharing what I posted on another board,
"Since buy signal is valid for TNA I found one play which could be beneficial Jan 22,2022 110 Long and 120 short for about 75 to 80 Cents. I may not wait for full value will be willing to sell @3 to 4 dollars. It could loose if trend changed, all options plays are risky do your own D/D."

[farooq]

Yesterday buy is confirmed by testing buy point again today. Signal is long now.

[farooq]

TY

[Ferda]

Thanks had a small win!

[farooq]

Closing above 81 It will initiate a buy 47%. I think by Wednesday it will confirm the buy or break down, please do your own D/D.

[farooq]

Closing above 81 It will initiate a buy.

[farooq]

In fear market will not stay at algo limit it keeps penetrating. There is a time to trade and there is time to be on side line. Kamikaze players usually stung badly, I have personal experience. They want to test yesterday low, that is a huge range. This is happening continuously since last week. Be careful my friends.
Long signal was good for 90 minutes, than they decimated it.
I could lose some money on this expiration. Wrote 88 Puts against 95 Puts. You winsome you lose some. Max loss would be $3.

[farooq]

Closing above 88.75 will confirm buy signal.

[farooq]

It is clean wash today but it came back better than SPY so I feel tomorrow it will give buy signal. Closing above 83.59 was 57% buy signal which it achieved in after hours. Let's see how European do to night session. Stay tuned.

[farooq]

Signal will be remain on Sell till we cross 95 today and close above it, this is primary signal.
Secondary signal will give buy signal if we close above 89. My gut feeling is we came too far from 114 so we could easily retrace up to 98$ and if we wanted to go down that would be the point.
Disclaimer, I am forced long here because of assignment of Puts so I will be selling some calls against them.

[Teach23079]

today

[Teach23079]

WOW... What a ride toay

[farooq]

Well as of this writing things are upside down. Turkey is roasted.
I have same number of 90 Puts but still it is going to hurts. I was able to unload RTY contract @2345 so I am lucky on that front. I will definitely will buy some puts for Month ending if condition persist in the morning. It is break down of the cup and handle of eight months chart if 92.50 is taken out which seems the case as of this writing.

[farooq]

It did close on 43% buy it would be 67% buy if we would close above 97.60.
Options players may try to close it below 95 to get most out of calls.
So max pain could be at 98 from put preceptive. I am short 96 Puts and long 95 calls.
Disclaimer, will unwind on Friday morning. If unload 95 calls properly than will let go 96 to expiration. I may decide to short common against 95 calls. I will try to keep it simple.

[farooq]

Closing above 96.71 will generate initial buy signal, closing above 97.60 will be go long. Stops will be today's low. Confirmation of signal is 102.40 I will take some profit at the level and reenter with call spread to take maximum advantage. I think by December 105 106 area will be do able if we close above 97.60.
Do your own D/D as it is your money.
Good luck and happy trading.
Farooq

[Teach23079]

Thank you. Very helpful

[Ferda]

Thanks.. keeping an eye on this

[farooq]

System is still on short. I was able to lighten my position yesterday near the 102 area, Since I do covered call writing so I am a bit long covered some short calls yesterday and probably will be net long today if we close above 98.91 area and tagging 99.78 will increase the chance of trend change. Today trend change confirmation point is far away @ 104.42, It could move to that level I am not saying but seems difficult today. In coming days it will become lower price point.
Good luck and happy trading.

[farooq]

Here is one conflict daily and 30 minute say relief rally is coming tomorrow. Main system say do not go long blow 103.65 on 30 minutes closure. I have some long and 1/5 short going in tomorrow. Short 103 calls, long stock and 105 three times the short quantity.

[Ferda]

Thanks

[farooq]

Magic number for today is closing above 105.17 for direction change possibility.

[farooq]

We did not close above 106.81, now the magic number become closing above 107.17 will make move upward more possible.

[farooq]

Grand daddy of TNA, main Russel 2000 index.

[farooq]

My thinking was that today it could break 103 area from where current move propelled.We could not make to that point.

[Ferda]

Because it could indicate a lot more bullishness or a lot more bearishness

[Teach23079]

What would make today so important?

[Teach23079]

What is IWM?

[farooq]

Still closed on sell. A closed above 106.81 will generate buy signal. My gut feeling is tomorrow is important day for market and IWM.

[farooq]

Yes but mostly I sell short TNA.

[Teach23079]

do you ever buy TZA when there is a sell signal in TNA?

[farooq]

It means after considering price movement and all technical indicators my conclusion is price will move to lower than that date price. Whereas buy signal means it will move higher.

[Ferda]

Thanks keeping watch

[Teach23079]

Could you explain what it means when you say went on sell.

[farooq]

Late post TNA went on sell from November 8th closing, remain on sell.