The NASDAQ 100 continues to fair much better than the S&P 500, exhibiting lower volatility with more rising stocks. How long this will last is undetermined, but it is best to wait for a trend change rather than anticipate it. I remain bearish on the S&P 500, and though I’m technically bullish on the NASDAQ…
Price is the only thing that pays, but it’s not the only thing to watch. Although the NASDAQ was up more than 2.5% today, 3 of my indicators remain bearish. Chart 1: QQQQ (NASDAQ 100 ETF) is falling with volume not seen since Lehman’s went bust, yet it remains above the November lows. This feels…
Perhaps the disclosure of my miserable trading was the catharsis necessary to turn this shit around. I covered my QQQQ short’s ~30, and I’m holding some long @ 29.85. Good volume coming in, upside target, lol, just hit it at 30.72, and sold for a solid 2% move. This shit is fucking crazy. Maybe it’s…
After losing ~4% of my equity in various long plays, I called it quits on Monday after the QQQQ’s breached 30.50 and went back into cash, the dollar (UUP) and some shorts. This market felt too heavy to rally, and time is working against it as GS and MS sag lower and lower, potentially sparking…