Not believing this bounce May 10th

murray t turtle said:
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MSFT + QQQ are some of the best top trenders of all time;
but past year or 2 , QQQ, QLD have underperformed SPY mostly.
Congrats on noting MSFT monthly topping tail in $330 area even though\ only the next month, MSFT closed higher.......
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Yeah, i wasnt trying to pick the top, the position had just gotten to big for my liking thats why i sold it
 
KGTrader4 said:
Yeah, i wasnt trying to pick the top, the position had just gotten to big for my liking thats why i sold it
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QLD looks better today than QID\ as of 11;40 CST;
200dma \50 dma + year to date charts favor QID.
I also remember how brief May SPXL/UPRO/TQQQ profits were, so brief , good for resting orders into last FED Wed.
NOT a stock tip\LOL but i have a good looking 3 year color candle chart on SPXL, close price this year =$108:D:D Great downtrend from $150+\ area
 
SoyUnPerdedor said:
I ain't believing any bounce in the Naz at this point LOL...
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I"VE been wanting to buy some TQQQ all day\ but QID=better trend.
So sometimes even failure [to buy a bit] can be a good thing............... Good bounce+ UP trend on most inVerses
EDIT \TQQQ is going up a bit on 4 hour charts; but QID looks better on most charts+ trends\12;39 CST. My wish would be\ its not a turnaround tuesday from main trend; but TQQQ may do ok if it is. NOT a prediction
 
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I put on a SPY put for Jun 385 when it was up positive territories. I always get out too soon...this time is different (famous last words)
i.e. I do not believe the true support is 4000 spooz no matter how it seems now. (yes, they are defending it in the light of CPI number coming) - the true line in the sand is around 3800-3850. If there is a second leg up after CPI will put the other half of my position (June SPY Put)
 
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KGTrader4 said:
Bought more QID as i saw it working out. Cost is now $24.08. I think i own enough of it now that it will make a difference if the market continues its current trajectory
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MY TQQQ profit turned into a small 2.63% loss, today but i have only that as as longs.
Canceled my QID order + bought some TWM last hour ; have enough sqqq.
QID is up again post market/most all the inverse ETFs look good on weekly /monthly charts.
 
nitrene said:
...I doubt JPow has the stomach for that kind of collapse. On Christmas Eve 2018 he reversed course and decide to cut rates again.
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You have to remember, that was without rampant inflation and the war and with Trump breathing down his neck and with the ability to own stocks.
 
Overnight said:
You have to remember, that was without rampant inflation and the war and with Trump breathing down his neck and with the ability to own stocks.
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As far as neck breathing goes, his neck is still being breathed upon, this time with rampant inflation and the war and another potential war in the making. Poor Powell, just because he's not an economist by trade, everybody thinks he can be bullied. They didn't and won't dare to breathe down Yellen's neck...
 
TheDawn said:
...Poor Powell, just because he's not an economist by trade, everybody thinks he can be bullied. They didn't and won't dare to breathe down Yellen's neck...
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That's what I am saying. This time he will NOT be bullied by a market crash. He simply no longer cares. He never should have in the first place, because that is not HIS JOB.
 
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