I am only swing trading the TNA I bought 31 August in my IRA. My cash day trading account was restricted until this morning #$%$ "exchange trading rules") but I (wrongly) perceived as too late to go long TNA on the big market opening gap up; who knew then for sure TNA would explode up more than 6.5% in price? About 80% of "gap ups" (or gap downs") fill on the day they are generated so I had to respect that). Today was one of those rare 20% no gap fill days (something to watch out for in the near future; the next week or so).
I also faded this rally with TZA hoping for a retracement soon, tomorrow, Friday? (and another chance to get more TNA at a lower price too). Amazing we haven't even seen a single 23.6% Retracement on the daily chart yet today, let alone one down to FIB 38.2%. Pretty strong rally with more to come I believe, but first hopin for at least a 38.2% or 50% fib retracement.