dear all. The market is almost all time high. This is not a good idea to put money in to high risk ETF. Just wait for huge pull back and get in.
This market going to have correction any time soon. Stocks and ETF all over price. Just wait another 2 weeks down trend and get in.
TNA is still a "hold". I tripled my TNA holdings earlier in the month writing the Feb75 call against holdings. I see this year as being a fairly strong up year with new highs being reached on all major US market indices. I do not see this as being a straight up pattern, however.
I expect a pullback next month after our positive January indicator as the January effect which lifted the small caps reverses a bit, but a positive trend in the market will resume by late spring or early summer.
If I am right judicious writing of calls against my TNA holdings may give me a 35% to 40% ROI on the TNA I bought this year. The rest of my TNA I bought in Dec, 2011, and I did not write calls against it all of 2012 and have alreadymore than doubled my money on this.