We will be watching TNA closely in coming days, as it would not at all be surprising to see redemptions from the fund in short order (profit taking) given TNA’s (in tandem with the Russell 2000, but with the daily leverage) move back to the $69 level. Higher beta segments of the market such as Small Caps, and to some degree Mid-Caps and of course the always adventurous Biotechs and Social Media type sectors will likely continue to make sharp, wide, and sometimes inexplicable intraday moves until (and if) volatility settles in post earnings in the marketplace.
Direxion Daily Small Cap Bull 3X Shares
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