TNA - TNA: Be Careful Should Small Caps Fail To Break Out
2024-03-14 06:09:41 ET
Summary
- Small-cap stocks are gaining interest as the iShares Russell 2000 ETF breaks out of a basing pattern.
- Direxion Daily Small Cap Bull 3X Shares ETF can leverage an IWM rally by a factor of three.
- TNA currently looks risky as the IWM breakout may be waning, with stalling momentum and too much attention from inexperienced traders.
Small-cap stocks have been getting a lot of interest lately as the iShares Russell 2000 ETF ( IWM ) has broken out of a basing pattern formed over nearly two years. Traders are speculating small caps can catch up with the rally in broader indices ( SPY ) ( QQQ ) and outperform....
TNA: Be Careful Should Small Caps Fail To Break Out