Weekly Poll: After Presidents Day Weekend Buy, Hold or Sell?
- Thread starter shortie
- Start date
I bought the early morning dip with UWM at $46.90 and sold it at $47.70, I was going for SCO but decided to hold off, missed out on 4%, Im done, if the market completely falls apart in the last hour Ill go back in and hope for a bounce in the morning, but I can say today is a great trading day, it actually feels a bit like a real market.
QQQQ at 57.19. Is it time to take some profits for today? $1.60 move from the 58.79 level.
Libya has an implicit hedge for its geo-pol risk, because it is bullish for oil. In comparison, no oil in egypt but 10 times more people.
However Libya is more than 10 times bloody compared to egypt.
Long XLE/Short QQQQ might isolate geo-pol for libya?????
Tough call to say where the market closes, but it seems those trying to buy this afternoons dip might not want to chance it and are probably rushing in an realizing after they get on the long side and the markets continue to dip they sell. Should be a really interesting close, I want to go long myself back into UWM around $46.00-$46.25 but I am having huge second thoughts right now. Looking for a bounce back to $48.00 by Thursday but it can also drop to $44.00 I cant even remember the last time the markets had huge back to back sell offs, maybe today and tomorrow could be the first time in a while, who knows.