“SQQQ is at 11.20. On the premise of “what goes up must go down”, I’m thinking of jumping into the SQ to take advantage when the high brought on by NVDIA’s earnings report fades away and the NDX falls back to around the 17000 range.”
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Me personally, I would wait for what looks like more of a ST high on the QQQs, a fallback, then a re-test that looks like it will fail.
Bonds (TLT is my proxy for that) are still up, so the Fed is still feeding this frenzy.
I don’t think we’re there yet, but that’s just my opinion.
“Don’t fight the tape.”
I'm watching for the 18000 NDX
...probably straddle up on sqqq, but a lot depends on how much gas from the 10yr and the DXY (I pronounce it dax .. )
They have to use to get there and what time it hits ...
I'm itching to jump on the s train ... but I want to be at the right station.Let's see where we are about 2:00 ..
Too much gas peddle left for my taste.
Remember I called 17500 for the close on Friday ... so you can tell where my head is at ... but every thing is in flux,
the base line may be changing ...
or ..... not.
not financial advise ...for ENTERTAINMENT only