$Direxion Daily Small Cap Bull 3X ETF (TNA.US)$ this index i...

hereyougo : agree, will boom soon

10baggerbamm OP hereyougo : it broke through it's 20 days support this week so it's headed a little bit lower maybe around 48-47 somewhere in there if we have a down day. a lot of the small caps that did rally are rolling over and selling off pretty significantly this week we've had six down days in a row with midcap small caps and that's the longest losing streak in a long time.

72471620 : Whats your avg? Gl its going down

10baggerbamm OP 72471620 : I don't have this right now I've traded it this year multiple times if you compare this to the mid cap this is rolled over about 2-3 days ahead of the mid caps which means this should bottom first before the mid caps bottom

72471620 10baggerbamm OP : I have an avg 42$ for about over 300 shares TNA, I added 3k option calls on IWM 240$ end year, and 1k option call on TNA 55$end of the year. I also added 50 shares of TNA this morning around 50.63$. Good or bad?

10baggerbamm OP 72471620 : right now we're in the middle of a correction even though the NASDAQ set a new high over 20,000 the small and mid caps are rolling over and you can see it by the two charts in the prior message.. if we get a Santa Claus rally these can snap back very quickly the problem is you've got call options and every day that this ETF is against you the volatility premium goes away and you're losing time value so I hope it works out for you and only time will tell at this point but I think we could have a pretty nasty down day we're two maybe there's something coming week where The nasdaq's down 300 400 points just a blow things out it wouldn't surprise me maybe it happens maybe it doesn't but right now we're definitely in a bit of a correction.
it's tax loss selling it's window dressing it is some profit taking I don't think you can really read too much into it

72471620 10baggerbamm OP : Good point, red 12 days in a row is crazy; hopefully, after the Fed meeting, they will cut the interest, which will go up quickly.

10baggerbamm OP 72471620 : I don't think the FED is really a catalyst at this point people are looking forward to next year with Trump I really think this is just what I said the people are repositioning their portfolios they're just locking in the losses to offset gains if their money managers they're getting rid of the duds they're putting the winners for the quarter in their books so that when they do their quarterly statement and year-end statement they're showing their clients look we had these companies things are going to be great next year. there's already a few people that I hear you know saying we're due for a correction we're due for a correction and we're way above the moving averages right now especially for the mag 7 excluding in video which has been a dud right now but the other ones Google rocketed this past week and a half meta rocketed Tesla's been on a tear apples at an all-time high so basically Apple meta and Google are in need of rolling over and having profit taking Tesla was a dud this whole year so it's just playing catch up at this point.