Whoops. Sold into the rally on TQQQ at about 10 am EST., when it was at its peak and took some nice profits. Watched it plunge 1.5% and bought back in again. Now its down over 5%. What the heck happened?
Whoops. Sold into the rally on TQQQ at about 10 am EST., when it was at its peak and took some nice profits. Watched it plunge 1.5% and bought back in again. Now its down over 5%. What the heck happened?
I sold into the rallly this morning myself....toook some profits and now seeing the Nasdaq tank....remember Nasdaq is really moving on a few stocks
Amazon
If you read one of my past posts most of the gains in the Nasdaq in the years passed has been on only 2 stocks....Google and Amazon. How can you possibly rely on a market where gains come from just 2 stocks.
You're right. They are all down over 4%. Do you know what happened?
You're right. They are all down over 4%. Do you know what happened?
I'm assuming profit taking....you have to consider that the media called for a 5-10% drop if Trump took the win....well he won and it looked like they were right after the 5% drop Tuesday night in the futures market but once everything turned around and skyrocketed people jumped on board and were relieved to see the opposite happening....now after taking a breather not seeing the market drop significantly the last two days and seeing historical highs instead everyone is taking profits.
It's quite pathetic that 4-5 stocks literally make up the entire Nasdaq market.....without those stocks leading the Nasdaq would still be sitting under 3000
It's quite pathetic that 4-5 stocks literally make up the entire Nasdaq market.....without those stocks leading the Nasdaq would still be sitting under 3000
Yes, that's what my gut ( not my brain) told me yesterday. I actually did cash in my registered accounts (similar to USA 401K) with some nice profits. Of course, you need to realize that I am choosing to trade these accounts rather than do a long term buy and hold, at least for now. Sitting on a lot of cash right now. Doubling up on the TQQQ is very tempting!