Fresh Bull Trend in Small Cap ETF

TNA 1-month price crosses 10-month in November… January 2, 2020 Wall Street's gonna have a heart attack when it sees this clip [Must watch by Midnight Friday] That's because one of their most trusted trading analysts is stepping out from the shadows… To give YOU the secret moneymaking tactic that could even the score between you and them… Or even put you WAY up in points (and profits). To discover this savvy way of potentially winning 83%–92% of your trades from now on, just click here. Fresh Bull Trend in Small Cap ETF Dear Chart Of The Day Reader, We hope you had a wonderful holiday season, and that you enjoyed our special email series over the last two weeks! Today's Chart of the Day is a Daily Price Chart for Direxion Daily Small Cap Bull 3x Shares (NYSE: TNA).  TNA seeks daily investment results of 300% of the daily performance of the Russell 2000 Index, the small cap index. The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000 Index, based on a combination of their market capitalization and current index membership. Now, below is a 10-Month Simple Moving Average Chart for Direxion Daily Small Cap Bull 3x Shares. Back in November, the TNA 1-Month moving-average crossed above the 10-Month simple moving-average (SMA) indicating TNA is on a PowerTrend 'buy' signal (circled). Guess what happened next... Sure enough, prices continued to climb. If you had purchased TNA shares when the PowerTrend 'buy' signal occurred for the stock back in November, when the stock was around $66.74, you'd be up 8.48% by now. Not a bad profit for a less-than-a-month hold of a major market-cap-weighted ETF. Now, as you can see, the 1-Month moving-average is still above the 10-Month SMA. That means the bullish trend is still in play!  As long as the 1-Month Price remains above the 10-month SMA, the stock is more likely to keep trading at new highs in the coming days and weeks. We'll be keeping our eye on this stock as it continues to trend upward so we'll know the moment the market conditions shift and the stock begins to come back down. Maximizing Our Profit Potential Additionally, we'd like to talk about how a previous Chart of the Day stock has done… On December 16th, we highlighted iShares U.S. Financials ETF (NYSE: IYF), noting that IYF had retraced into the 'buy zone' after a period of being temporarily overbought. If you happened to have purchased IYF shares on that day, you'd be up 0.97%. But… if you had purchased the right option contract, you would be up 28.57% in less than three weeks' time! That's the power of options. Best Regards, Chuck Hughes Editor, Chart Of The Day Are YOU Making These 3 Money Mistakes? If you're not all set for the retirement of your dreams… It's not because you're bad with money… It's not because you haven't saved enough… And it's not because the market has been volatile. It's because you're probably making 3 critical mistakes with your money. Click here to see if you're making these 3 money mistakes. If you are having trouble receiving your Chart Of The Day subscription, you can ensure its arrival in your mailbox by whitelisting Chart Of The Day. © 2020 by Chart Of The Day. All rights reserved. This newsletter may only be used pursuant to the subscription agreement, and any reproduction, copying or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of Laissez Faire Books LLC, 808 Saint Paul Street, Baltimore, MD 21202-2406. To end your Chart Of The Day e-mail subscription and associated external offers sent from Chart Of The Day, click here to unsubscribe. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. If legal advice or any type of assistance is needed, please seek the services of a competent professional. This material, produced by Chart Of The Day, is for informational purposes only. All technical information, instruction, and advice, reflect the beliefs of Chart Of The Day and are intended as informational only. Chart Of The Day is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Laissez Faire delivering daily email issues and advertisements. Please read our Privacy Statement. EMAIL REFERENCE ID: 401CODED01