Kuberr...absolutely brilliant shorting TNA
TNA is Direxion's 3X Bull of the Russel 2000 small cap index. This index and the Nas are leading the markets down. While the other indexes have dropped, consolidated, then dropped, the small caps have dropped steady.
I've been watching TZA, the Bear 3x. It is a good one.
I've been going through the winning picks here...
dcinmd took EDZ, 3X short of Emerging Markets, up a whopping 30%
, buyin is only 6.17. Everywhere the big talk is about financial, tech and commodities being down, but FAZ is up 17%, EDZ up 30%. I'll be watching this for an entry. When I play these 3X etfs, I put a couple of etfs that track the same index right above them on my watchlist to help with finding entry/exit points.
Some interesting ways to play a downturn coming out in this contest