Re: Nice TNA pop today.
- I didn't make a lot. Bought ~$35.80 and again just over $35. Sold at $36.40. Might buy back in on a nice EOD drop.
IF we get a big market pop in the morning from the PPI final number, you may get a nice up move in the morning. Got a few tickers I'd like to sell on a pop, anyway.
AND OF COURSE, I'll be buying TZA (under $30) on any over-reaction to the upside for the Friday EOD sell off. (I've now predicted 47 of the last 19 Friday EOD selloffs*)
I'm not buying into the Santa Claus rally until after Powell yaps Wednesday of next week. Expecting a 50-point rate move, more interested in the commentary.
* Disclaimer: I'm not really keeping track. Just saying I've predicted Friday EOD selloffs 'A LOT' more often than it's actually happened.