%% SPXS........TECS going up nice today; glad i sold upro+ ibuy......... early. have a starting scale i n order /upro again order in/back buying upro@73.Filled now as i'm typing.LOL[EDIT 2;42 cst ,out spxs @ $4.091]Never did really have time to add to spxs today/so take a profit/market order exit]
I scaled down inverses, in cannabis stocks and riot mara etc. Hedged both directions, should be an interesting week ahead. TQQQ TSLA tempting. current positions, all small; will add to those doing 2dhigh breakouts, scale out of 2dlow drops. in the red a bit
So far so good, am scaling into whichever takes out 2d highs UVXY SOXS TZA FAZ SDOW SQQQ Looks promising, just bought a bit
1/11 mostly cash exc sqqq uvxy since theyre up vs spy keeping tiny oddlot placeholder trades open in cannabis, inverses
I got out of SPXU at close yesterday and went into TQQQ which I sold early today. Going back into SPXU at close.
big drop SPY earlier <2dl slightly bearish signal/bear trap; uncertain 2d chart though, lightened up on inverses; SQQQ was best, scaled up a bit in cannabis TLRY HEXO APHA
The reality is that "fundamental" conditions still are generally good for the stock market. While I had weekly sell signals on both S&P and NDX100 at end of last week (suggesting a lower close this week), Russell 2000 did not have such a signal. You really have to pick your spots for shorting the market.
True.... I've been long cannabis stocks, selling into strength TLRY CRON apha etc. now..... Will rebuy later. Carefully trying to build inverse positions if mkt drops.