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TZA TNA Buy or Sell? February 2012 - Small Cap ETF's 3X
Direxion Daily Small Cap Bull 3X Shares (TNA) & Direxion Daily Small Cap Bear 3X Shares (TZA) are my two favorite stocks/etf's to buy and sell right now. These 3x leveraged small cap ETF's are very volatile and is a great play on the movements of the overall stock market rather then playing an individual company. Use this forum to discuss trading TNA and TZA in February 2012.
TNA stock has really rallied lately so I have a slight bias to TZA as we head into February. The stock market has gone straight up and Europe hasn't really changed. There is still going to be a giant recession and possible defaults as we go through 2012. When the S&P 500 was below 1200, the risk was to the upside. Now that was are sitting at 1315, there is a serious risk of a correct coming at some point.
Direxion Daily Small Cap Bull 3X Shares (TNA) - What is TNA?
TNA is a 3x leveraged Long ETF - The investment seeks daily investment results, before fees and expenses, of 300% of the price performance of the Russell 2000 Index. The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is non-diversified.
Direxion Daily Small Cap Bear 3X Shares (TZA) - What is TZA?
TZA is a 3x leveraged Short ETF - The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 2000® Index. The fund normally creates short positions by investing at least 80% of net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. It is non-diversified.
Also, check out the stock gainers in 2012 - http://blackberrystocks.com/stockgainers2012.html 
Tags: 3x, buy, etf, etf's, forum, sell, short, small, tna, tza
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Replies to This Discussion
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Permalink Reply by Stocks To Buy on -
TZA closed at $22.08 on Friday and has been weak for days. Usually there are big swings in both TNA and TZA but not lately. This is a sign that TZA is in a bottoming process and the bullish sentiment in the markets. Some of my best trades happen when I go against a strong trend. However, you have to be willing to stick it out incase you are early. I don't have a large position but started to get my feet wet last week. I will take a larger position in TZA when it starts to act a little better.
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Permalink Reply by suni on -
Hi Tim
I know TZA is really getting bottom but I am thinking to get TVIX at same time TZA.
What is your opinion about TVIX at this level?
Thanks
suni
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Permalink Reply by Stocks To Buy on
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You can make huge gains with TVIX right now, but the trend is down. Until this changes, you don't want to hold TVIX unless you are trying to hedge a large long portfolio. However if volatility comes back, you will be glad you have TVIX. As for TZA....it doesn't go down as fast as TVIX so it is a much safer play if you are trying to short right now. These will eventually shoot up, but from what level...here, or much lower from here?
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Top MemberPermalink Reply by Rob on -
@sumi. I bought TVIX Friday and played it for a small profit. I just did not want to take a chance holding into this weekend because whether Greece makes a deal or not we do not know how the market will react. My plan, and this goes for TZA as well, is to wait for that blow off top in the market as we reach the 1350-1370 area (assuming this melt up continues) and then make a play.
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Top MemberPermalink Reply by Michael on -
Agreed 100%. I am in VXX now but it is a very small position. TZA, FAZ, SPXU & VXX are on my radar but I will not open new positions unless we trade around these levels. I am also thinking about TVIX but, as Tim mentioned, it is more volatile so I am hoping for VIX to come down a little bit more, maybe to 15-16 level before I get some.
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Permalink Reply by ams scott on
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do you think TZA will come down to 15 - 16? I am holding it at 25.75 - should I sell and wait for 15 - 16 and then re enter - that way I can minimize 4-5 dollar loss - please share your thoughts
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Permalink Reply by Stocks To Buy on
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I never like trying to do that, if you sell and it starts going up, it will drive you crazy. It's better to sell and move on or try to buy lower. $15-$16 is probably not going to happen in the short term, but $18-$20 is surely possible.
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Permalink Reply by ams scott on
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so is it safe to sell at 21.8 and wait for even 19? or better to hold it for another 2-3 weeks with pressure and hope for TZA to come back to 28 - 29?
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Permalink Reply by Stocks To Buy on
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It all depends what the market does. There is no promise that TZA will drop after you sell. I think at some point this year it will trade above $25 though.
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Permalink Reply by ams scott on
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TZA is going up - any suggestion if I should sell and wait again for buying it at lower rate? I am holding it at 25.75 but don't think I should wait and keep loosing money - please suggest
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Permalink Reply by Stocks To Buy on
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That's a tough call, none of us know what will happen next.
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Permalink Reply by Nick on
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I am also watching TZA and TVIX very closely. TZA in particular is getting a lot safer bet , because it is so beat up, there isn't a lot of downside left.
Markets are overbought, It will only take a small bad news from Europe to trigger a sharp sell-off. Profit taking at this level is also another trigger.
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