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Small-cap Index and Stocks Rebounding: $TNA & $UWM ETFs to Follow?
@ETF Tracker:According to @sentimentrader This is the 24th time the $iShares Russell 2000 ETF(IWM)$ closed at a 52-week low, then surged to its best 4-day rally in at least 3 months. A year later, the small-cap index was higher 100% of the time with a median return of +25.6%. Image In Thursday trading we saw many small caps, but growth stocks jumped by 2 digital %. In the ETF markets, the $Direxion Daily Small Cap Bull 3x Shares(TNA)$ was up over 8% and ranked #2 on Thursday, while the $ProShares Ultra Russell2000(UWM)$ was up over 5% and ranked #9. On a 5-day basis, the $Direxion Daily Small Cap Bull 3x Shares(TNA)$ has gained 10.11%, and the $ProShares Ultra Russell2000(UWM)$ has only gained 6.87% and was ranked 17th on Thursday. Look at the daily chart: $Direxion Daily Small Cap Bull 3x Shares(TNA)$ and $ProShares Ultra Russell2000(UWM)$ still in a very low price range, the YTD 2023 of each are -21.32% &-11.05%. Some good news on 30 Oct. that the $Direxion Daily Small Cap Bull 3x Shares(TNA)$ had an approximate $113.4 million dollar inflow -- that's a 10.4% increase week over week in outstanding units (from 50,000,000 to 55,200,000). Support and Resistance Plot Chart for $ProShares Ultra Russell2000(UWM)$ stocktradersdaily.com Blue = Price as 30 OCT, Red= Resistance, Green = Support Questions for Tigers: Do you have interest in small cap ETFs like $Direxion Daily Small Cap Bull 3x Shares(TNA)$ & $ProShares Ultra Russell2000(UWM)$ What’s your most anticipate ETFs by now?
Small-cap Index and Stocks Rebounding: $TNA & $UWM ETFs to Follow?Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.