$Direxion Daily Small Cap Bull 3X ETF (TNA.US)$ a word of ca...

$Direxion Daily Small Cap Bull 3X ETF (TNA.US)$ a word of caution. when the bobbleheads on TV start saying the market's broadening out and I like small caps because they lag 10% and that's where we're looking to buy right now they are late because this basket has already moved quite significantly in the past couple of weeks. there's probably 5% upside and 15% downside at this point near term in the next two to three weeks so risk reward to me is not something where I would commit new money. I've been in and out of TNA more times than a Las Vegas call girl has John's. 38.30 would be the point that I would look to enter alternatively what I am going to do is I'm going to sell the 37 puts naked for that week to week and a half window and collect the premium when this basket hits that 38.30 price point