Rally: Trade it or fade it?

[rb7]

https://www.cnbc.com/2023/06/05/mor...s-breakout-a-market-correction-is-coming.html

I'm not saying that a correction is not coming, but it would be to easy if following the 'so-they-say' headlines was profitable...

 

[Laissez Faire]

Been shorting the NQ now that the herd has piled in like never before, that's typically the kiss of death.

Looks like you nailed it. Any targets?

It's interesting how markets always appear the strongest near a market high. At least that's been a typical pattern over these last few years post QE.

 

[comagnum]

Here is my target on the NQ, half way there now. Suspect there may be a strong rally or two along the way which is fine with me.

 

[tomorton]

I am long S&P, as usual. I'm happy to short forex but never short the US stock indices.

 

[murray t turtle]

I am long S&P, as usual. I'm happy to short forex but never short the US stock indices.

%%
SAME here/somewhat;
except i took some swing profits off SSO, this afternoon CST.....
Did a bit of SQQQ 6-7-23, but QQQ seems to strong for me to do SQQQ much.

 

[KCalhoun]

I'm long sqqq soxs uvix, fade attempt in case of reversal for swing

 

[KCalhoun]

Muhaha.... mkt drops like a ton o bricks

 

[Nine_Ender]

Calhoun's act has gotten rather comical. Why would anybody in their right mind keep reposting buy ideas on etfs that have dropped 50-70% while he recommends them repeatedly. The opposite positions would have been highly profitable and required far less effort and trades.

 

[KCalhoun]

Watch and learn.... uvix++

 

[nitrene]

NFLX up 4% on no news, CRM up the same, ADBE and of course the eye of the storm TSLA keeps rising.

Good luck shorting this market. You are fighting a tidal wave of liquidity from the crowd buying QQQ.