%% Thats why i kept some sqqq,PSQ,QQQ,TECL,FNGS; i figured sds would not go up 10% today,[sds loss about 10%] so sold it. IF i traded sqqq the same size as QQQ,QLD,tqqq\ i would never make money,10 year,3 year chart of all those shows why. Back to my charts/moving averages ,they are real even if not disclosed much...............................................................................
I admire those who are buying today. Either they know something or they are buying for a very long term or they are the pigs that will get slaughtered soon and the market needs their meet. Just consider, what will be the hope if another doubt or correction happens in the market? Another stimulus?
MOSTLY true; but silver + slv............... are weak uptrends.Whats up with the gapping up gas + XLE??, Took profits on xle/like to get paid every now + then.......; cut loss on sds, because i like capital+ profits.
An no inflation as gas prices close on $3 gallon up over 30% in 2 months!!!! Commodity prices up up and away, no inflation though. If 10 yr ticks higher and closes on 2% look for a solid 10%-15% correction
I had the hand brake on being long (long rty, short nq). Today I released the short position and bought more rty. I’m levered long on my toes. I see this as a very rare, extremely bullish moment in time that if you don’t hop in with both feet, it would be a regret. said another way- it looks like the down move/rotation is over, and we are about to make a strong upside move, through the end of the year- at least. I could always be wrong, but things rarely line up like this. I shoved my chips to the middle (with appropriate risk mitigation). We are dealing with a game of probabilities. I really like how they line up right now. happy trading.
Easy to say after the dow has posted record after record defeats. Lots of people leveraged long and when that breaks which it always does, most will regret not taking profits when they could.
A week ago when the market(Nasdaq) crashed (correction) I called it bullshit and I also call this rally bullshit. I might be wrong. That is OK. I expect 2% correction in S&P soon.