Direxion Daily Smal Cap Bull 3X Shares (TNA)

[farooq]

May be a little pull back warranted but it will be new uptrend leg if market wants upward momentum.

[farooq]

Well we made a lot lower then my expectation. It made a huge run to Above August high. Now after the pull back ready to generate new buy Signal, Stop could be near 33.53 on closing basis. Please do your own D/D, If you make money, please contribute few % of wining to your area soup kitchen to help eliminate hunger, Good luck.

[farooq]

If we close below 39.36 it will be a strong sell signal.

[farooq]

I am sorry I will not be updating this board regularly.

[farooq]

TNA close on go long signal Do your own D/D.

[farooq]

Next two days are important for market, Sonami could be here if debt crisis not solved.We may open gap up but will go down if there is no positive news.

[farooq]

A brief pull back is needed here.

[farooq]

TNA generating a long signal as of this writing. If we close above 30.11 signal will be valid.

[farooq]

It was one day wonder at close on Friday Sell signal generated which is still valid. Be careful market buyers are on holidays. Update will come when Long signal start.

[farooq]

Close above 38.84 increase bullish outlook on closing basis.

[farooq]

Still on sell. Stop at 38.84 on closing basis.

[farooq]

Closed on Sell. Stop 42.62.

[farooq]

If we do not fill the gap tomorrow we may test support again. Long above 36.69 on closing basis.

[farooq]

It closed above important points, Stay Long above 31.80, Stop on closing basis is 31.60.

[hoosierdaddyof3]

Maybe this quarter…

[Stern is Bald]

Huh? I bought at 29 I didn’t wait for a 36 dollar signal… this is setting up for a massive dump next quarter…

[farooq]

Tax loss selling continue. Government revenue (Taxes) will be lower.

[farooq]

Yes.

[starkd748]

Didn't male it

[farooq]

We tried yesterday but came a bit short. Closing above 36.63 will confirm buy signal.

[farooq]

We are not there yet to go long.

[farooq]

Current data moved it back to decline. Closing above 35.87 may bring of hope for more upside.

[farooq]

No change in thinking.

[farooq]

It may move to 55 area sooner than most thinking.

[farooq]

TNA Long Signal went in effect on Oct 24 and retested on Nov. 7 and ringed twice the low, is long now. Good luck.

[farooq]

Closing above 37 make it stay long.

[farooq]

As it happened now it is trying to test support. Stop loss is @ 36.75 on closing basis.

[farooq]

We totally off guard, Signal will be remain long on closing we gaped up and we may do it tomorrow again.

[farooq]

After 2 days of my last post we went on sell, then buy. Today we gaped down from buy to sell. Stop and go long is above 35.47 take profit around 36.30.

[farooq]

TNA on stay long signal, Stop is at 37.14 on closing basis.

[farooq]

Still in buy hold area stop now 33.28.

[farooq]

TNA closed on buy hold signal. Stop is a 31.50 on closing basis. Take profit when available.

[farooq]

Signal remain short below 31.15 on closing basis.

[farooq]

TNA numbers today short below 31.38 and stay long above 31.66. Yesterday it still manged to closed on stay long signal. May be market more strong then what we are listening. Good luck and happy trading.

[farooq]

Today we opened gap down still above stop. Stop is at 31.58. IMOP it is to take out weak hands and punish short term greedy options trader. It could be new leg down but so far I am in opposite camp. Good luck and happy trading.

[farooq]

TNA closed above 31.28 and today gaped up, closing above 31.68 say keep long.
Good luck and happy trading.

[farooq]

TNA is coming in buy range above 30.80 but confirmation is still closing above 31.28.

[farooq]

TNA needs to close above 31.28 to keep it going for long trade on closing basis.

[farooq]

A close above 31.21 will shift sentiment to bullish side.

[farooq]

These are my views about the market, I posted them on my other board also.

"I feel there is a fatigue in the market, short sellers are tired also because there is no new buyer and there are no stop loss to take out. Scary trader already sold out. Market participants who are in now long term holder, like 401 K, pension funds, or hedge funds. Short sellers will cover there position in week or so and then will be decided where they wanted to go. Point of least resistance will be up, no sellers is left behind. No matter what pundits are saying. Look at previous bear cycles that how long market stayed near bottom, we are already here for 5 months almost. Question need to be asked, will the market never come back? one may get 5 to 7% more sale but are we ready to let go this once in decade sale opportunity let go. Just thinking loud. Very few are good in timing the market, few by knowledge, few by chance. Good luck and happy trading."

[farooq]

No Change in outlook.

[farooq]

Closed on sell, may test recent low.

[farooq]

TNA on buy hold, Stop is at 33.00 Friday options expiry could through a curve ball, 75 % of the time they expire most high open interest worth lees. Still be careful.

[paulgmx1]

Iwm>>div<< $.8614

[farooq]

I think you will have window to sell at Break even at least, I will take swing trade position after 2 days of Fed decision, I will continuous to trade my day trade portfolio for traget of 1 % gain on equity.

[Duma]

I went long SPXL and TQQQ at close. We'll see what happens.

[farooq]

TNA could close on buy signal stop at 36.66.

[farooq]

Thanks, totally forgot.

[paulgmx1]

spy..ex-divi..$1.5964..paid

[farooq]

I will start posting after a week.