Swing Trading QQQ

schizo

schizo

Shorting QQQ at 440.25.

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poopy said:
With the mkt closing on the HOD?
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Folks asked the same question when I posted in March that S&P would drop in 2 weeks (although it took twice as long...grrr). But it did eventually drop, didn't it? :sneaky:
 
You got guts to short the Qs especially since the FANG+ index is 80 bps from all time highs on the back of most of them having good earnings. FNGS & SMH closed above the 50 day SMA.
 
schizo said:
Folks asked the same question when I posted in March that S&P would drop in 2 weeks (although it took twice as long...grrr). But it did eventually drop, didn't it? :sneaky:
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There will likely be a better entry.
 
nitrene said:
You got guts to short the Qs especially since the FANG+ index is 80 bps from all time highs on the back of most of them having good earnings. FNGS & SMH closed above the 50 day SMA.
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No guts, no glory, that's my secret formula to success. :) We'll see how it goes for the rest of this week. I'm pretty sure we're very near the swing cycle top.
 
poopy said:
There will likely be a better entry.
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Well, we'll find out shortly. I don't think we'll go higher than 444. (I've been told 4=Q) :sneaky:

deaddog said:
Why not long SQQQ
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The f@ck if I know. :) Why do you keep asking these philosophical questions?

I normally don't trade stocks or ETFs. Futures is my MO. But I got this sudden itch. I'll consider SQQQ next time though.
 
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