Savvy Trades and Investments

[value1008]

TNA - smallcaps/microcaps very weak again today.

With the drop my bids filled for buying more TNA (3x leveraged bullish play on IWM / Russell2000 smallcaps).

So now have 750 shares at 67.45 avg (right where it's back trading right now). Hopefully for the sake of stress levels it doesn't go back down to $64-65 level where i bought last week for first go-round on trading this. But if it did i'll buy more.

Smallcaps (and microcaps, see IWC) were once again hit harder today than the SPX. So that divergence looks tantalizing to me for possible nice little 10-15% gains or more if we get any Christmas rally, though i may not be in it for very long. If the TNA just recovers back to its 200dma in the $79s i'll likely be selling for profits.