Daytrading SMALL CAP BULL 3X (NYSE: TNA)
Posted on December 4th, 2008
Written by Richard
Posted in: N/A (old archives)
Darn… I noticed after making my SKF post that reader Quentin had asked for a little TNA in his blog comment. At first I thought, “great, finally a stock!” But then I realized it was just a new ETF I’d never heard of: SMALL CAP BULL 3X (NYSE: TNA).
So, there is no 30 day average volume, because the thing hasn’t traded 30 days yet. But, I eyeballed about 5 million shares traded the last few days, which according to my normal standards means I’d use a 75025 share bar chart on this bad boy. So, I did.
And there was only one trade called for today, in the closing minutes. End-of-Trend was up for most of the day on this stock, causing the simple system to step aside. So, I featured today and yesterday for you, so you’d at least see some trading action:
So, yesterday, a nice win, a nice win, then a pretty iffy one… we’ll call it a small loss… then a tiny gain into the close. Then today, a tiny win into the close.
The beautiful thing about stocks is that if nothing is happening on one, you’ve got 9000+ other choices in the american exchanges alone. Like for instance, you could clean up on SKF while waiting for TNA to do something :-)
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© 2010 Richard Todd. I am not a financial advisor, and nothing on the site should be considered investment advice or actionable recommendations. I'm just an individual, saying what I think, and sharing my experiences.