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Bullish Case: Recent uptick in TNA prices and higher bullish risk relative to bearish risk indicate potential for continued upward momentum, especially in the short term.


Bearish Case: Long-term price decline and current flat price action with only a slight recent increase suggest caution and the possibility of a downturn.


Potential Outcomes:

1. Short-term gain due to bullish sentiment (50%).

2. Sideways movement reflecting uncertainty (30%).

3. Surprise bearish turn triggered by market conditions (20%).


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April 09, 2024


Direxion Daily Small Cap Bull 3X Shares Forecast

TNA        Direxion Daily Small Cap Bull 3X Shares
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with TNA



UWM Forecast + Options Trading Strategies   [UWM]  ProShares Ultra Russell2000 (0.99)


VTWO Forecast + Options Trading Strategies   [VTWO]  Vanguard Russell 2000 Index (0.96)


QRVO Forecast + Options Trading Strategies   [QRVO]  Qorvo (0.92)


XLB Forecast + Options Trading Strategies   [XLB]  Active Trust - Materials Select Sector SPDR (0.91)


MHK Forecast + Options Trading Strategies   [MHK]  Mohawk Industries (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to TNA



HE Forecast + Options Trading Strategies   [HE]  Hawaiian Electric Industries (-0.0)


HDSN Forecast + Options Trading Strategies   [HDSN]  Hudson Technologies (-0.0)


KDP Forecast + Options Trading Strategies   [KDP]  Keurig Dr Pepper (0.0)


RRC Forecast + Options Trading Strategies   [RRC]  Range Resources (-0.0)


FXY Forecast + Options Trading Strategies   [FXY]  Invesco CurrencyShares Japanese Yen (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against TNA



DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.79)


DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.84)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.84)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.92)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.92)





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