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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 Ambler on -
Rhee:
Glad you are interested. I can't do your gap analysis with the tool I have, sorry. But it doesn't sound too hard to spreadsheet.
As to the volatility issue, I'm sure it would skew the buy and sell percentages. I looked to find a way to incorporate volatility to improve the systems using the stock's own volatility, but I came up blank, probably because the measure I used was a lagging indicator. I should try to use future sentiment (the VIX) as another input to the model, but another parameter makes the search space get large quickly. And the VIX doesn't necessarily correlate with the stock's own volatility.
I have been studying TVIX for a while and have been able to find many systems which would have been profitable. I see there is a VIX thread, I can report one or two there, later.
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Permalink Reply by Ambler on
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2/28 Follow up: This system lost 3.0% last week 4/23-4/27. Long on TNA made 13.3%. Will keep track.
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Top MemberPermalink Reply by Danny on -
Ambler what are your thought on TZA? So far this year anytime it went under $17 it was a good short term buy. How bout it this time if we get there? What do you think
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Permalink Reply by Ambler on
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Danny,
Danny, I try to stay away from making predictions. I trade only algorithmically based on statistical analysis of patterns in the last year of price data. The exception I made recently was ZNGA which had no price history to analyze. I bought at close to 14, now its at 8.5, so that's how good my powers of prediction are :-) :-(
Last year I did a lot of trading by buying dips and it was really good at first, but I ended up with more and more losers because I didn't have a good downward exit strategy.
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Permalink Reply by Ambler on
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Follow up 5/15:
This algorithm is close to failing as the drawdown reached 34% on May 10th, and the max expected drawdown was 35%. Since posting, the system has lost 13.5%. Oh well, some you win, some you lose.
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Top MemberPermalink Reply by Terry H on -
What do you think of these pattern similarities in TNA now? As I recall, operation twist began in the area of the upswing last fall.
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Permalink Reply by roger podacter on -
So are you thinking that unless we get another injection from the fed to push us higher, we're going down without it from here?
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Top MemberPermalink Reply by Terry H on -
Roger, I don't know, just really trying to fit the pieces of the puzzle together with the chart. Just watching.
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Top MemberPermalink Reply by Terry H on -
TZA broke resistance.
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Top MemberPermalink Reply by Danny on -
Has the market finally grasped that in order for the Fed to greenlight QE stocks have.to.drop?
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Top MemberPermalink Reply by Danny on -
Another factor for qe is oil needs to be lower. You can't do a qe with high oil prices. Has to go under $100
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