Pfizer News and Less Election Uncertainty - TNAFutures continue to sky rocket after Pfizer's news and the continue rally from less election uncertainty. TNA, a leveraged etf was up more than 20% during pre market hours. It has broken out from its previous uptrend and is now in high gear. Wait for a pull back in the next two weeks. Long.
TNA trade ideas
exponential VWAP - Volume Weighted Exponential Moving Average Sometimes appears that price and therefore traders are reacting to the daily exponential VWAP (yellow and black banded line) as opposed to the regular daily VWAP (green line). Actually it is Volume Weighted Exponential Moving Average so perhaps it should be VWEAP. jayy
Russell 2000 - Long playPrice stopped (1) right at Pivot S1 and (2) just above Fib 0.876. RSI is also aligned with previous bottom. If a multi-day uptrend happens from here, the 3x ETF will gain more than 3x by the end of the trend due to positive compounding. If choppy volatility instead continues in both directions, then holding IWM would have been the better bet. Survey: Which would you buy here - TNA or IWM?
TNA - Buy and hold to $130-135The third major buying opportunity of this security's life is now. If the coming advance mirrors the previous advance, then $130-135 should be hit (see the two back-to-back Fib drawings). This is a monthly chart and the security is volatile, so expect plenty of choppiness along the way.