Since s&p is near but not over 52w hi, we're likely to get a pullback soon, I think... any thoughts? If soxl keeps going up I'll buy it, but am also looking at soxs sqqq at current levels if they bounce for a couple of days.
Although many people could make big $$$ trading from the long side here, I'm too old and weary to try. Markets are "pendular". That means they go in one direction, and then another. I take my cue from the bond market. My longs are in the AGs and silver. GTLA
Buy if it goes up. Sell if it goes down. Fading without any basis than the market being 'too high' is a losing proposition, IMO.
%% MONDAY tends to be a good SPY sell, by the end of day \even in a bull market. Glanced @ SQQQ, but QQQ is trending so well Up, no thanks on sqqq
Been shorting the NQ now that the herd has piled in like never before, that's typically the kiss of death.